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REGISTERED NUMBER: 03803117 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Inspirations Nurseries And Forest School
Limited

Inspirations Nurseries And Forest School
Limited (Registered number: 03803117)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Inspirations Nurseries And Forest School
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: N J MacGregor
G S Parkes





SECRETARY: G S Parkes





REGISTERED OFFICE: West End Lane
Horsforth
Leeds
West Yorkshire
LS18 5JP





REGISTERED NUMBER: 03803117 (England and Wales)





ACCOUNTANTS: Whitesides Chartered Accountants
Lister House
Lister Hill
Horsforth
Leeds
LS18 5AZ

Inspirations Nurseries And Forest School
Limited (Registered number: 03803117)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 155,482 181,828

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 5 32,580 46,810
Cash at bank 24,513 167,859
58,593 216,169
CREDITORS
Amounts falling due within one year 6 173,359 205,758
NET CURRENT (LIABILITIES)/ASSETS (114,766 ) 10,411
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,716

192,239

CREDITORS
Amounts falling due after more than one year 7 (37,537 ) (88,176 )

PROVISIONS FOR LIABILITIES (3,882 ) (1,521 )
NET (LIABILITIES)/ASSETS (703 ) 102,542

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (803 ) 102,442
(703 ) 102,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Inspirations Nurseries And Forest School
Limited (Registered number: 03803117)

Balance Sheet - continued
31 March 2024


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 8 August 2024 and were signed on its behalf by:




G S Parkes - Director



N J MacGregor - Director


Inspirations Nurseries And Forest School
Limited (Registered number: 03803117)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Inspirations Nurseries And Forest School 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.

Revenue is recognised when parents are billed. Parents pay in advance and parents are billed on the 5th of the month for that month. This is for substantially all of the services performed in that month, so by the end of the month there is no material deferred income.

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 - 4% on cost
Plant and machinery etc - 33% on cost, 25% on cost and 12.5% on cost

Tangible fixed assets are stated at cost less accumulated depreciation.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Inspirations Nurseries And Forest School
Limited (Registered number: 03803117)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 58 (2023 - 58 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 260,503 232,561 493,064
Additions - 8,001 8,001
At 31 March 2024 260,503 240,562 501,065
DEPRECIATION
At 1 April 2023 188,034 123,202 311,236
Charge for year 10,420 23,927 34,347
At 31 March 2024 198,454 147,129 345,583
NET BOOK VALUE
At 31 March 2024 62,049 93,433 155,482
At 31 March 2023 72,469 109,359 181,828

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 651 1,530
Other debtors 31,929 45,280
32,580 46,810

Inspirations Nurseries And Forest School
Limited (Registered number: 03803117)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,639 48,175
Payments on account 36,892 54,798
Trade creditors 12,665 22,611
Taxation and social security 29,375 42,267
Other creditors 43,788 37,907
173,359 205,758

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 37,537 88,176

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 13,070 10,567
Between one and five years 12,569 6,675
In more than five years 599 -
26,238 17,242

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
N J MacGregor
Balance outstanding at start of year 14,682 21,533
Amounts advanced 522 790
Amounts repaid (7,429 ) (7,641 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,775 14,682

Inspirations Nurseries And Forest School
Limited (Registered number: 03803117)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

G S Parkes
Balance outstanding at start of year 80 60
Amounts advanced - 20
Amounts repaid (80 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 80

Interest is charged on the loan at 2.6% and the loan is repayable on demand.