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REGISTERED NUMBER: 11676162 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

WISE OWL NURSERY & PRE-SCHOOL LIMITED

WISE OWL NURSERY & PRE-SCHOOL LIMITED (REGISTERED NUMBER: 11676162)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WISE OWL NURSERY & PRE-SCHOOL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: G I Woodward
Mrs S Brooks





REGISTERED OFFICE: 22 Midland Road
Royston
Barnsley
South Yorkshire
S71 4QP





REGISTERED NUMBER: 11676162 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

WISE OWL NURSERY & PRE-SCHOOL LIMITED (REGISTERED NUMBER: 11676162)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,941 21,058
Tangible assets 5 9,876 11,771
27,817 32,829

CURRENT ASSETS
Debtors 6 41,377 34,681
Cash at bank 16 10,005
41,393 44,686
CREDITORS
Amounts falling due within one year 7 44,328 42,753
NET CURRENT (LIABILITIES)/ASSETS (2,935 ) 1,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,882

34,762

CREDITORS
Amounts falling due after more than one
year

8

(22,998

)

(32,890

)

PROVISIONS FOR LIABILITIES 10 (1,121 ) (1,315 )
NET ASSETS 763 557

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 663 457
SHAREHOLDERS' FUNDS 763 557

WISE OWL NURSERY & PRE-SCHOOL LIMITED (REGISTERED NUMBER: 11676162)

BALANCE SHEET - continued
30TH NOVEMBER 2023


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

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

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 Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th August 2024 and were signed on its behalf by:




G I Woodward - Director



Mrs S Brooks - Director


WISE OWL NURSERY & PRE-SCHOOL LIMITED (REGISTERED NUMBER: 11676162)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

Wise Owl Nursery & Pre-School 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, 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.
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account 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.

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.

WISE OWL NURSERY & PRE-SCHOOL LIMITED (REGISTERED NUMBER: 11676162)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

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 15 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st December 2022
and 30th November 2023 31,176
AMORTISATION
At 1st December 2022 10,118
Amortisation for year 3,117
At 30th November 2023 13,235
NET BOOK VALUE
At 30th November 2023 17,941
At 30th November 2022 21,058

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st December 2022
and 30th November 2023 14,863 5,294 20,157
DEPRECIATION
At 1st December 2022 4,060 4,326 8,386
Charge for year 1,079 816 1,895
At 30th November 2023 5,139 5,142 10,281
NET BOOK VALUE
At 30th November 2023 9,724 152 9,876
At 30th November 2022 10,803 968 11,771

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 36,422 34,681
Tax 4,955 -
41,377 34,681

WISE OWL NURSERY & PRE-SCHOOL LIMITED (REGISTERED NUMBER: 11676162)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 20,121 16,897
Trade creditors 377 -
Tax 7,776 6,997
Social security and other taxes 10,221 12,893
Other creditors 775 649
Accrued expenses 5,058 5,317
44,328 42,753

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 22,998 32,890

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 10,229 7,681
Bank loans 9,892 9,216
20,121 16,897

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,617 9,892

Amounts falling due between two and five years:
Bank loans - 2-5 years 12,381 22,998

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,121 1,315

Deferred
tax
£   
Balance at 1st December 2022 1,315
Provided during year (194 )
Balance at 30th November 2023 1,121

WISE OWL NURSERY & PRE-SCHOOL LIMITED (REGISTERED NUMBER: 11676162)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. ULTIMATE CONTROLLING PARTY

The controlling party is G I Woodward.