51 30 August 2024 false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 42,051 1,716 43,767 28,381 3,847 32,228 11,539 13,670 xbrli:pure xbrli:shares iso4217:GBP 08053421 2022-12-01 2023-11-30 08053421 2023-11-30 08053421 2022-11-30 08053421 2021-12-01 2022-11-30 08053421 2022-11-30 08053421 2021-11-30 08053421 core:FurnitureFittings 2022-12-01 2023-11-30 08053421 bus:Director1 2022-12-01 2023-11-30 08053421 core:FurnitureFittings 2022-11-30 08053421 core:FurnitureFittings 2023-11-30 08053421 core:WithinOneYear 2023-11-30 08053421 core:WithinOneYear 2022-11-30 08053421 core:ShareCapital 2023-11-30 08053421 core:ShareCapital 2022-11-30 08053421 core:RetainedEarningsAccumulatedLosses 2023-11-30 08053421 core:RetainedEarningsAccumulatedLosses 2022-11-30 08053421 core:FurnitureFittings 2022-11-30 08053421 bus:SmallEntities 2022-12-01 2023-11-30 08053421 bus:Audited 2022-12-01 2023-11-30 08053421 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 08053421 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08053421 bus:FullAccounts 2022-12-01 2023-11-30
COMPANY REGISTRATION NUMBER: 08053421
BOYS & GIRLS NURSERY (RICKMANSWORTH) LIMITED
Filleted Financial Statements
30 November 2023
BOYS & GIRLS NURSERY (RICKMANSWORTH) LIMITED
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
11,539
13,670
Current assets
Debtors
6
282,078
183,936
Cash at bank and in hand
95,120
88,426
---------
---------
377,198
272,362
Creditors: amounts falling due within one year
7
240,312
245,766
---------
---------
Net current assets
136,886
26,596
---------
--------
Total assets less current liabilities
148,425
40,266
---------
--------
Net assets
148,425
40,266
---------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
148,423
40,264
---------
--------
Shareholders funds
148,425
40,266
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 30 August 2024 , and are signed on behalf of the board by:
Mr J Kirby
Director
Company registration number: 08053421
BOYS & GIRLS NURSERY (RICKMANSWORTH) LIMITED
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Greville House, Chorleywood Close, Rickmansworth, WD3 4EG, Hertfordshire.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 51 (2022: 41 ).
5. Tangible assets
Fixtures and fittings
£
Cost
At 1 December 2022
42,051
Additions
1,716
--------
At 30 November 2023
43,767
--------
Depreciation
At 1 December 2022
28,381
Charge for the year
3,847
--------
At 30 November 2023
32,228
--------
Carrying amount
At 30 November 2023
11,539
--------
At 30 November 2022
13,670
--------
6. Debtors
2023
2022
£
£
Trade debtors
26,339
28,744
Amounts owed by group undertakings and undertakings in which the company has a participating interest
254,528
153,981
Other debtors
1,211
1,211
---------
---------
282,078
183,936
---------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
1,116
47,030
Social security and other taxes
29,582
16,644
Other creditors
209,614
182,092
---------
---------
240,312
245,766
---------
---------
8. Summary audit opinion
The auditor's report for the year dated 30 August 2024 was unqualified .
The senior statutory auditor was Sunil Phakkey , for and on behalf of Pritchard Fellows & Co Ltd .
9. Controlling party
The ultimate holding company is Boys & Girls Nursery Holdings Limited (#CRN: 11723585) with a 100% (2022: 100%) shareholding in Boys & Girls Nursery Limited, which has a 100% (2022: 100%) shareholding in Boys & Girls Nursery (Rickmansworth) Limited. The largest and smallest group of undertakings for which group financial statements have been drawn up and which include the results of the company is Boys & Girls Nursery Holdings Limited. Copies of the financial statements are available from the Group registered address (Pritchard Fellows & Co, Avery House, 8 Avery Hill Road, London, SE9 2BD).