Registered number
06640265
Appletrees Day Nursery Limited
Unaudited Filleted Accounts
30 April 2024
Appletrees Day Nursery Limited
Registered number: 06640265
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 234,707 212,748
Current assets
Debtors 4 (41) 3,136
Cash at bank and in hand 117,534 165,264
117,493 168,400
Creditors: amounts falling due within one year 5 (54,004) (72,542)
Net current assets 63,489 95,858
Total assets less current liabilities 298,196 308,606
Creditors: amounts falling due after more than one year 6 (97,109) (120,342)
Net assets 201,087 188,264
Capital and reserves
Called up share capital 3 3
Revaluation reserve 7 20,460 20,460
Profit and loss account 180,624 167,801
Shareholders' funds 201,087 188,264
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C I Beadle
Director
Approved by the board on 30 July 2024
Appletrees Day Nursery Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 11
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 160,420 104,871 265,291
Additions - 32,425 32,425
At 30 April 2024 160,420 137,296 297,716
Depreciation
At 1 May 2023 - 52,543 52,543
Charge for the year - 10,466 10,466
At 30 April 2024 - 63,009 63,009
Net book value
At 30 April 2024 160,420 74,287 234,707
At 30 April 2023 160,420 52,328 212,748
4 Debtors 2024 2023
£ £
Trade debtors (4,251) 425
Other debtors 4,210 2,711
(41) 3,136
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 8,993 14,776
Other taxes and social security costs 19,513 24,183
Other creditors 25,498 33,583
54,004 72,542
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 100,332 119,815
Other creditors (3,223) 527
97,109 120,342
7 Revaluation reserve 2024 2023
£ £
At 1 May 2023 20,460 20,460
At 30 April 2024 20,460 20,460
8 Other information
Appletrees Day Nursery Limited is a private company limited by shares and incorporated in England. Its registered office is:
Woodlands Green Lane
Littlethorpe
Ripon
North Yorkshire
HG4 3LR
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