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Registration number: 06113292

Alphabet City Day Nursery Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 29 February 2024

 

Alphabet City Day Nursery Ltd

Contents

Company Information

1

Accountants' Report

2

Abridged Balance Sheet

3 to 4

Statement of Changes in Equity

5

Notes to the Unaudited Abridged Financial Statements

6 to 9

 

Alphabet City Day Nursery Ltd

Company Information

Directors

Mr Anmolak Johal

Mrs Kirandeep Johal

Company secretary

Mr Anmolak Johal

Registered office

C/o Gross Klein 5 St. John's Lane
London
EC1M 4BH

Accountants

Gross Klein
5 St. John's Lane
London
EC1M 4BH

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Alphabet City Day Nursery Ltd
for the Year Ended 29 February 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Alphabet City Day Nursery Ltd for the year ended 29 February 2024 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Alphabet City Day Nursery Ltd, as a body, in accordance with the terms of our engagement letter dated 24 June 2020. Our work has been undertaken solely to prepare for your approval the accounts of Alphabet City Day Nursery Ltd and state those matters that we have agreed to state to the Board of Directors of Alphabet City Day Nursery Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alphabet City Day Nursery Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Alphabet City Day Nursery Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Alphabet City Day Nursery Ltd. You consider that Alphabet City Day Nursery Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Alphabet City Day Nursery Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Gross Klein
5 St. John's Lane
London
EC1M 4BH

16 August 2024

 

Alphabet City Day Nursery Ltd

(Registration number: 06113292)
Abridged Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

5

11,375

14,875

Tangible assets

6

118,113

148,237

 

129,488

163,112

Current assets

 

Debtors

7

282,066

303,117

Cash at bank and in hand

 

1,120,528

1,205,788

 

1,402,594

1,508,905

Creditors: Amounts falling due within one year

(200,005)

(262,099)

Net current assets

 

1,202,589

1,246,806

Total assets less current liabilities

 

1,332,077

1,409,918

Provisions for liabilities

(23,794)

(23,361)

Accruals and deferred income

 

(2,487)

(2,184)

Net assets

 

1,305,796

1,384,373

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,305,696

1,384,273

Shareholders' funds

 

1,305,796

1,384,373

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 16 August 2024 and signed on its behalf by:
 

 

Alphabet City Day Nursery Ltd

(Registration number: 06113292)
Abridged Balance Sheet as at 29 February 2024

.........................................
Mrs Kirandeep Johal
Director

 

Alphabet City Day Nursery Ltd

Statement of Changes in Equity for the Year Ended 29 February 2024

Share capital
£

Retained earnings
£

Total
£

At 1 March 2023

100

1,384,273

1,384,373

Profit for the year

-

71,423

71,423

Dividends

-

(150,000)

(150,000)

At 29 February 2024

100

1,305,696

1,305,796

Share capital
£

Retained earnings
£

Total
£

At 1 March 2022

100

1,282,022

1,282,122

Profit for the year

-

248,251

248,251

Dividends

-

(146,000)

(146,000)

At 28 February 2023

100

1,384,273

1,384,373

 

Alphabet City Day Nursery Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
C/o Gross Klein 5 St. John's Lane
London
EC1M 4BH

These financial statements were authorised for issue by the Board on 16 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents amounts chargeable in respect of services to customers.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Alphabet City Day Nursery Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

Tangible assets

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Buildings

3 to 25 years

Pland and machinery

15% reducing balance basis

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Intangible assets

Intangible assets are stated in the balance sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

In equal instalments over 20 years

Leases

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and
loss account in the period in which they become payable in accordance with the rules of the scheme.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 53 (2023 - 48).

4

Profit before tax

Arrived at after charging/(crediting)

 

Alphabet City Day Nursery Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

2024
£

2023
£

Depreciation expense

32,213

20,194

Amortisation expense

3,500

3,500

5

Intangible assets

Total
£

Cost or valuation

At 1 March 2023

70,000

At 29 February 2024

70,000

Amortisation

At 1 March 2023

55,125

Amortisation charge

3,500

At 29 February 2024

58,625

Carrying amount

At 29 February 2024

11,375

At 28 February 2023

14,875

6

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2023

124,962

208,225

60,090

393,277

Additions

-

2,088

-

2,088

At 29 February 2024

124,962

210,313

60,090

395,365

Depreciation

At 1 March 2023

99,677

142,358

3,005

245,040

Charge for the year

4,329

10,758

17,125

32,212

At 29 February 2024

104,006

153,116

20,130

277,252

Carrying amount

At 29 February 2024

20,956

57,197

39,960

118,113

At 28 February 2023

25,285

65,867

57,085

148,237

Included within the net book value of land and buildings above is £20,956 (2023 - £25,285) in respect of short leasehold land and buildings.
 

 

Alphabet City Day Nursery Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

7

Debtors

Debtors includes £287,178 (2023: £287,178) due after more than one year.