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REGISTERED NUMBER: 05920863 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Smarties Private Day Nursery Limited

Smarties Private Day Nursery Limited (Registered number: 05920863)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Smarties Private Day Nursery Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Dr H Purohit
Dr G Purohit





REGISTERED OFFICE: C/O Chesterton House Accounting Services
2-3 Rectory Place
Loughborough
Leicestershire
LE11 1UW





REGISTERED NUMBER: 05920863 (England and Wales)





ACCOUNTANTS: Chesterton House Accounting Services LLP
2-3 Rectory Place
Loughborough
Leicestershire
LE11 1UW

Smarties Private Day Nursery Limited (Registered number: 05920863)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 389,136 273,707
389,136 273,707

CURRENT ASSETS
Debtors 6 24,054 20,783
Cash at bank and in hand 326,271 457,832
350,325 478,615
CREDITORS
Amounts falling due within one year 7 99,671 119,110
NET CURRENT ASSETS 250,654 359,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

639,790

633,212

CREDITORS
Amounts falling due after more than
one year

8

-

(4,097

)

PROVISIONS FOR LIABILITIES (32,790 ) (10,015 )
NET ASSETS 607,000 619,100

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 606,998 619,098
607,000 619,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Smarties Private Day Nursery Limited (Registered number: 05920863)

Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 July 2024 and were signed on its behalf by:





Dr H Purohit - Director


Smarties Private Day Nursery Limited (Registered number: 05920863)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Smarties Private Day Nursery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings Freehold 0% Straight Line
Land and buildings Leasehold 10% Straight Line
Fixtures, fittings & equipment 20% Reducing Balance & 20 / 33.33% Straight Line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Smarties Private Day Nursery Limited (Registered number: 05920863)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 105,000
AMORTISATION
At 1 November 2022
and 31 October 2023 105,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

Smarties Private Day Nursery Limited (Registered number: 05920863)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 308,774 80,344 389,118
Additions - 125,745 125,745
At 31 October 2023 308,774 206,089 514,863
DEPRECIATION
At 1 November 2022 37,499 77,912 115,411
Charge for year 3,699 6,617 10,316
At 31 October 2023 41,198 84,529 125,727
NET BOOK VALUE
At 31 October 2023 267,576 121,560 389,136
At 31 October 2022 271,275 2,432 273,707

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 2,908 3,913
Prepayments and accrued income 21,146 16,870
24,054 20,783

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 2,039 6,303
Taxation and social security 35,374 62,917
Other creditors 62,258 49,890
99,671 119,110

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Other creditors - 4,097