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REGISTERED NUMBER: 03957077 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

STEPS AHEAD NURSERY LIMITED

STEPS AHEAD NURSERY LIMITED (REGISTERED NUMBER: 03957077)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


STEPS AHEAD NURSERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs J E Collishaw





SECRETARY: Mrs J E Collishaw





REGISTERED OFFICE: Brookside Farm
Swan Lane
Leigh
Swindon
Wiltshire
SN6 6RD





REGISTERED NUMBER: 03957077 (England and Wales)





ACCOUNTANTS: Nigel B Butler Limited
Basepoint Business Centre
Rivermead Drive
Swindon
Wiltshire
SN5 7EX

STEPS AHEAD NURSERY LIMITED (REGISTERED NUMBER: 03957077)

ABRIDGED BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,068 35,408

CURRENT ASSETS
Stocks 7,100 6,400
Debtors 57,885 9,615
Cash at bank and in hand 322,740 347,711
387,725 363,726
CREDITORS
Amounts falling due within one year 63,658 100,210
NET CURRENT ASSETS 324,067 263,516
TOTAL ASSETS LESS CURRENT
LIABILITIES

348,135

298,924

PROVISIONS FOR LIABILITIES 2,228 2,370
NET ASSETS 345,907 296,554

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 345,906 296,553
SHAREHOLDERS' FUNDS 345,907 296,554

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 director acknowledges her 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.

STEPS AHEAD NURSERY LIMITED (REGISTERED NUMBER: 03957077)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 14 August 2024 and were signed by:





Mrs J E Collishaw - Director


STEPS AHEAD NURSERY LIMITED (REGISTERED NUMBER: 03957077)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Steps Ahead 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.

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 - Straight line over remaining lease term
Plant and machinery etc - 25% on cost, 20% on reducing balance and Straight line over remaining lease term

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 Statement of Income and Retained Earnings, 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.

STEPS AHEAD NURSERY LIMITED (REGISTERED NUMBER: 03957077)

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 47 (2023 - 46 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 179,786
Additions 3,339
Disposals (16,113 )
At 31 March 2024 167,012
DEPRECIATION
At 1 April 2023 144,378
Charge for year 11,746
Eliminated on disposal (13,180 )
At 31 March 2024 142,944
NET BOOK VALUE
At 31 March 2024 24,068
At 31 March 2023 35,408

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
Mrs J E Collishaw
Balance outstanding at start of year - -
Amounts advanced 38,090 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,090 -

STEPS AHEAD NURSERY LIMITED (REGISTERED NUMBER: 03957077)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. RELATED PARTY DISCLOSURES

During the year, total dividends of £24,000 (2023 - £24,000) were paid to the director .

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs J E Collishaw.