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REGISTERED NUMBER: 10057297 (England and Wales)















LS2Y NURSERIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






LS2Y NURSERIES LIMITED (REGISTERED NUMBER: 10057297)

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


LS2Y NURSERIES LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: Mr A Petrie
C V McGlynn





REGISTERED OFFICE: The Chestnut Centre
2a Chestnut Street
Huddersfield
West Yorkshire
HD2 1HJ





REGISTERED NUMBER: 10057297 (England and Wales)





ACCOUNTANTS: SMH Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

LS2Y NURSERIES LIMITED (REGISTERED NUMBER: 10057297)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,155 1,871

CURRENT ASSETS
Debtors 5 49,882 52,158
Cash at bank and in hand 92,430 40,684
142,312 92,842
CREDITORS
Amounts falling due within one year 6 (142,426 ) (94,904 )
NET CURRENT LIABILITIES (114 ) (2,062 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,041

(191

)

PROVISIONS FOR LIABILITIES 7 (219 ) -
NET ASSETS/(LIABILITIES) 822 (191 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 821 (192 )
SHAREHOLDERS' FUNDS 822 (191 )

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.

LS2Y NURSERIES LIMITED (REGISTERED NUMBER: 10057297)

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 29 August 2024 and were signed on its behalf by:





Mr A Petrie - Director


LS2Y NURSERIES LIMITED (REGISTERED NUMBER: 10057297)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Ls2y Nurseries 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents invoiced sales of services and are recognised on an on going monthly basis or when necessary depending on the commitment of the childcare provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade creditors, accruals and amounts owed to group undertakings, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

Taxation
Taxation for the year comprises current 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 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.


LS2Y NURSERIES LIMITED (REGISTERED NUMBER: 10057297)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

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 39 (2023 - 38 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 3,418
Additions 493
Disposals (33 )
At 31 March 2024 3,878
DEPRECIATION
At 1 April 2023 1,547
Charge for year 1,192
Eliminated on disposal (16 )
At 31 March 2024 2,723
NET BOOK VALUE
At 31 March 2024 1,155
At 31 March 2023 1,871

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 49,882 35,841
Other debtors - 16,317
49,882 52,158

LS2Y NURSERIES LIMITED (REGISTERED NUMBER: 10057297)

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 53 53
Trade creditors 62,907 11,514
Amounts owed to group undertakings 52,997 62,036
Taxation and social security 6,358 -
Other creditors 20,111 21,301
142,426 94,904

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 219 -

Deferred
tax
£   
Charge to Income Statement during year 219
Balance at 31 March 2024 219