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Registered number: 9812977
BLOSSOMS DAY NURSERIES (GREAT BARR) LTD
Unaudited Financial Statements
For The Year Ended 31 August 2023
A C Accountancy Services Ltd
15a Anchor Road
Aldridge
Walsall
WEST MIDLANDS
WS9 8PT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 9812977
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 78,055 61,096
78,055 61,096
CURRENT ASSETS
Debtors 5 59,670 59,671
Cash at bank and in hand 509,525 419,964
569,195 479,635
Creditors: Amounts Falling Due Within One Year 6 (78,725 ) (66,275 )
NET CURRENT ASSETS (LIABILITIES) 490,470 413,360
TOTAL ASSETS LESS CURRENT LIABILITIES 568,525 474,456
Creditors: Amounts Falling Due After More Than One Year 7 (81,681 ) (77,474 )
NET ASSETS 486,844 396,982
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 486,843 396,981
SHAREHOLDERS' FUNDS 486,844 396,982
Page 1
Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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 Profit and Loss Account.
On behalf of the board
Mrs CLAIRE BYWATER
Director
11 July 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
BLOSSOMS DAY NURSERIES (GREAT BARR) LTD is a private company, limited by shares, incorporated in England & Wales, registered number 9812977 . The registered office is 15A ANCHOR ROAD, ALDRIDGE, WALSALL, WEST MIDLANDS, WS9 8PT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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 measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Leasehold 25 year lease premium
Motor Vehicles 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 profit for the year. Taxable profit differs from profit 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.
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 profit. 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 profits 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 profits 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 profit or loss, 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2022: 25)
20 25
Page 3
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4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2022 55,000 7,900 5,326 50,000 118,226
Additions - 30,000 - - 30,000
As at 31 August 2023 55,000 37,900 5,326 50,000 148,226
Depreciation
As at 1 September 2022 8,068 4,382 4,074 40,606 57,130
Provided during the period 2,000 8,379 313 2,349 13,041
As at 31 August 2023 10,068 12,761 4,387 42,955 70,171
Net Book Value
As at 31 August 2023 44,932 25,139 939 7,045 78,055
As at 1 September 2022 46,932 3,518 1,252 9,394 61,096
5. Debtors
2023 2022
£ £
Due within one year
Other debtors - loan Marble Property 28,000 28,000
Other debtors - Loan Sunner Properties 6,250 6,250
Other debtors - Blossoms Cannock 25,420 25,421
59,670 59,671
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 23,509 23,510
Corporation tax 27,551 19,210
Other taxes and social security 5,787 5,787
Other creditors 5,237 5,237
Accruals and deferred income 10,800 10,800
Director's loan account 5,335 1,225
Amounts owed to other - Blossoms on the common 506 506
78,725 66,275
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 81,681 77,474
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Page 5
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 5