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REGISTERED NUMBER: NI069400 (Northern Ireland)












Jolly Rodgers Day Nursery Ltd

Unaudited Financial Statements for the Year Ended 30 November 2023






Jolly Rodgers Day Nursery Ltd (Registered number: NI069400)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Balance sheet 1

Notes to the financial statements 3


Jolly Rodgers Day Nursery Ltd (Registered number: NI069400)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 110,088 74,695
110,088 74,695

Current assets
Debtors 6 18,096 44,963
Cash at bank 20,745 57,237
38,841 102,200
Creditors
Amounts falling due within one year 7 (138,537 ) (166,889 )
Net current liabilities (99,696 ) (64,689 )
Total assets less current liabilities 10,392 10,006

Creditors
Amounts falling due after more than one
year

8

(8,323

)

-
Net assets 2,069 10,006

Capital and reserves
Called up share capital 10 1 1
Retained earnings 2,068 10,005
Shareholders' funds 2,069 10,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Jolly Rodgers Day Nursery Ltd (Registered number: NI069400)

Balance Sheet - continued
30 November 2023


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 director and authorised for issue on 30 July 2024 and were signed by:





Ms G Rodgers - Director


Jolly Rodgers Day Nursery Ltd (Registered number: NI069400)

Notes to the Financial Statements
for the year ended 30 November 2023

1. Statutory information

Jolly Rodgers Day Nursery Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address are as below:

Registered number: NI069400

Registered office: 47 Antrim Road
Lisburn
Co. Antrim
BT28 3EB

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% Straight line
Fixtures and fittings - 25% Straight line
Motor vehicles - 20% Straight line

Jolly Rodgers Day Nursery Ltd (Registered number: NI069400)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legal enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.


Jolly Rodgers Day Nursery Ltd (Registered number: NI069400)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

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.

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.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment, A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Jolly Rodgers Day Nursery Ltd (Registered number: NI069400)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

3. Employees and directors

The average number of employees during the year was 36 (2022 - 35 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 December 2022
and 30 November 2023 175,000
Amortisation
At 1 December 2022
and 30 November 2023 175,000
Net book value
At 30 November 2023 -
At 30 November 2022 -

5. Tangible fixed assets
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1 December 2022 62,495 12,145 77,228 - 151,868
Additions - - 6,000 48,995 54,995
At 30 November 2023 62,495 12,145 83,228 48,995 206,863
Depreciation
At 1 December 2022 6,652 12,145 58,376 - 77,173
Charge for year 3,621 - 6,182 9,799 19,602
At 30 November 2023 10,273 12,145 64,558 9,799 96,775
Net book value
At 30 November 2023 52,222 - 18,670 39,196 110,088
At 30 November 2022 55,843 - 18,852 - 74,695

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 1,800 2,000
Directors' current accounts 13,052 40,843
Prepayments and accrued income 3,244 2,120
18,096 44,963

Jolly Rodgers Day Nursery Ltd (Registered number: NI069400)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 1,182 -
Hire purchase contracts 5,875 -
Trade creditors (2,641 ) (1,640 )
Corporation tax 2,797 19,665
Social security and other taxes 8,095 7,971
Pension costs due 1,865 2,418
Other creditors 35,439 33,726
Accruals and deferred income 85,925 104,749
138,537 166,889

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Hire purchase contracts 8,323 -

9. Loans

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 1,182 -

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

11. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Ms G Rodgers
Balance outstanding at start of year 40,843 39,699
Amounts advanced 27,209 81,560
Amounts repaid (55,000 ) (80,416 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,052 40,843