Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 5076016 Mrs Emma Darrington Mr Ricky Darrington Mrs Emma Darrington iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 5076016 2023-03-31 5076016 2024-03-31 5076016 2023-04-01 2024-03-31 5076016 frs-core:CurrentFinancialInstruments 2024-03-31 5076016 frs-core:Non-currentFinancialInstruments 2024-03-31 5076016 frs-core:ComputerEquipment 2024-03-31 5076016 frs-core:ComputerEquipment 2023-04-01 2024-03-31 5076016 frs-core:ComputerEquipment 2023-03-31 5076016 frs-core:FurnitureFittings 2024-03-31 5076016 frs-core:FurnitureFittings 2023-04-01 2024-03-31 5076016 frs-core:FurnitureFittings 2023-03-31 5076016 frs-core:PlantMachinery 2024-03-31 5076016 frs-core:PlantMachinery 2023-04-01 2024-03-31 5076016 frs-core:PlantMachinery 2023-03-31 5076016 frs-core:OtherReservesSubtotal 2024-03-31 5076016 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 5076016 frs-bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 5076016 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 5076016 frs-bus:SmallEntities 2023-04-01 2024-03-31 5076016 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 5076016 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 5076016 frs-bus:Director1 2023-04-01 2024-03-31 5076016 frs-bus:Director2 2023-04-01 2024-03-31 5076016 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 5076016 frs-countries:EnglandWales 2023-04-01 2024-03-31 5076016 2022-03-31 5076016 2023-03-31 5076016 2022-04-01 2023-03-31 5076016 frs-core:CurrentFinancialInstruments 2023-03-31 5076016 frs-core:Non-currentFinancialInstruments 2023-03-31 5076016 frs-core:OtherReservesSubtotal 2023-03-31 5076016 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 5076016
Carter Lane Day Nursery Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Ben Elliott Accounting Ltd
51 Field Drive
Shirebrook
Mansfield
Notts
NG20 8BT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 5076016
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,044 17,592
17,044 17,592
CURRENT ASSETS
Cash at bank and in hand (7 ) (4,306 )
(7 ) (4,306 )
Creditors: Amounts Falling Due Within One Year 5 (47,565 ) (15,444 )
NET CURRENT ASSETS (LIABILITIES) (47,572 ) (19,750 )
TOTAL ASSETS LESS CURRENT LIABILITIES (30,528 ) (2,158 )
Creditors: Amounts Falling Due After More Than One Year 6 (5,184 ) (12,309 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (277 ) (258 )
NET LIABILITIES (35,989 ) (14,725 )
RESERVES
Other reserves (76,804 ) (40,505 )
Income and Expenditure Account 40,815 25,780
MEMBERS' FUNDS (35,989) (14,725)
Page 1
Page 2
For the year ending 31 March 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mrs Emma Darrington
Director
13th August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Carter Lane Day Nursery Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 5076016 . The registered office is Carter Lane Community Centre, Carter Lane, Shirebrook, Mansfield, NG20 8PE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.4. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Government Grant
Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned.
All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2023: 15)
19 15
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 35,641 35,152 23,178 93,971
As at 31 March 2024 35,641 35,152 23,178 93,971
Depreciation
As at 1 April 2023 24,073 30,485 21,821 76,379
Provided during the period 16 381 151 548
As at 31 March 2024 24,089 30,866 21,972 76,927
...CONTINUED
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Net Book Value
As at 31 March 2024 11,552 4,286 1,206 17,044
As at 1 April 2023 11,568 4,667 1,357 17,592
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (562 ) (28 )
Bank loans and overdrafts 8,792 188
Other taxes and social security 8,050 4,009
Employee pensions (Creditors) 1,779 646
Directors' loan accounts 29,506 10,629
47,565 15,444
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,184 12,309
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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