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Company Registration No. 08576589 (England and Wales)
EAST SUSSEX FOREST SCHOOL NURSERY LTD Unaudited accounts for the year ended 31 December 2023
EAST SUSSEX FOREST SCHOOL NURSERY LTD Unaudited accounts Contents
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EAST SUSSEX FOREST SCHOOL NURSERY LTD Company Information for the year ended 31 December 2023
Director
Mrs K L Peach
Company Number
08576589 (England and Wales)
Registered Office
GRAYS NURSERY ANNEXE RAILWAY ROAD NEWHAVEN BN9 0AS
Accountants
Maxwell-Gumbleton & Co. 1 West Street Lewes East Sussex BN7 2NZ
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EAST SUSSEX FOREST SCHOOL NURSERY LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
583 
Tangible assets
37,477 
35,942 
37,477 
36,525 
Current assets
Debtors
79,713 
41,937 
Cash at bank and in hand
64,725 
99,097 
144,438 
141,034 
Creditors: amounts falling due within one year
(84,270)
(58,623)
Net current assets
60,168 
82,411 
Total assets less current liabilities
97,645 
118,936 
Creditors: amounts falling due after more than one year
(14,769)
(25,151)
Provisions for liabilities
Deferred tax
(1,316)
(689)
Net assets
81,560 
93,096 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
81,460 
92,996 
Shareholders' funds
81,560 
93,096 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 July 2024 and were signed on its behalf by
Mrs K L Peach Director Company Registration No. 08576589
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EAST SUSSEX FOREST SCHOOL NURSERY LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
EAST SUSSEX FOREST SCHOOL NURSERY LTD is a private company, limited by shares, registered in England and Wales, registration number 08576589. The registered office is GRAYS NURSERY ANNEXE, RAILWAY ROAD, NEWHAVEN, BN9 0AS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes and is derived from the provision of nursery day care services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% straight line
Plant & machinery
20% straight line
Fixtures & fittings
25% reducing balance
Computer equipment
25% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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EAST SUSSEX FOREST SCHOOL NURSERY LTD Notes to the Accounts for the year ended 31 December 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
10,000 
At 31 December 2023
10,000 
Amortisation
At 1 January 2023
9,417 
Charge for the year
583 
At 31 December 2023
10,000 
Net book value
At 31 December 2023
- 
At 31 December 2022
583 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
35,320 
3,611 
40,466 
1,323 
80,720 
Additions
- 
- 
5,941 
- 
5,941 
At 31 December 2023
35,320 
3,611 
46,407 
1,323 
86,661 
Depreciation
At 1 January 2023
3,003 
3,162 
37,290 
1,323 
44,778 
Charge for the year
1,766 
361 
2,279 
- 
4,406 
At 31 December 2023
4,769 
3,523 
39,569 
1,323 
49,184 
Net book value
At 31 December 2023
30,551 
88 
6,838 
- 
37,477 
At 31 December 2022
32,317 
449 
3,176 
- 
35,942 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Accrued income and prepayments
878 
570 
Other debtors
78,835 
41,367 
79,713 
41,937 
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EAST SUSSEX FOREST SCHOOL NURSERY LTD Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,141 
9,642 
Trade creditors
14,732 
570 
Taxes and social security
16,673 
14,737 
Other creditors
31,933 
27,487 
Accruals
2,862 
2,125 
Deferred income
7,929 
4,062 
84,270 
58,623 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,769 
25,151 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
- 
8,065 
Later than five years
239,583 
- 
239,583 
8,065 
11
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mrs K L Peach
Loan to director
4,676 
12,920 
- 
17,596 
4,676 
12,920 
- 
17,596 
12
Average number of employees
During the year the average number of employees was 23 (2022: 19).
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