Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08870636 Mrs Hortense MacGillivray Mr John MacGillivray Mr Alexander MacGillivray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08870636 2023-03-31 08870636 2024-03-31 08870636 2023-04-01 2024-03-31 08870636 frs-core:CurrentFinancialInstruments 2024-03-31 08870636 frs-core:FurnitureFittings 2024-03-31 08870636 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08870636 frs-core:FurnitureFittings 2023-03-31 08870636 frs-core:NetGoodwill 2024-03-31 08870636 frs-core:NetGoodwill 2023-04-01 2024-03-31 08870636 frs-core:NetGoodwill 2023-03-31 08870636 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 08870636 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 08870636 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 08870636 frs-core:ShareCapital 2024-03-31 08870636 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08870636 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08870636 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08870636 frs-bus:SmallEntities 2023-04-01 2024-03-31 08870636 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08870636 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08870636 frs-bus:Director1 2023-04-01 2024-03-31 08870636 frs-bus:Director1 2023-03-31 08870636 frs-bus:Director1 2024-03-31 08870636 frs-bus:Director2 2023-04-01 2024-03-31 08870636 frs-bus:Director3 2023-04-01 2024-03-31 08870636 frs-countries:EnglandWales 2023-04-01 2024-03-31 08870636 2022-03-31 08870636 2023-03-31 08870636 2022-04-01 2023-03-31 08870636 frs-core:CurrentFinancialInstruments 2023-03-31 08870636 frs-core:ShareCapital 2023-03-31 08870636 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08870636
Rubadubs Nursery Limited
Financial Statements
For The Year Ended 31 March 2024
5th Floor
30-31 Furnival Street
London
EC4A 1JQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08870636
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 41,667
Tangible Assets 5 6,756 8,050
6,756 49,717
CURRENT ASSETS
Debtors 6 36,163 8,450
Cash at bank and in hand 155,003 163,210
191,166 171,660
Creditors: Amounts Falling Due Within One Year 7 (36,956 ) (36,118 )
NET CURRENT ASSETS (LIABILITIES) 154,210 135,542
TOTAL ASSETS LESS CURRENT LIABILITIES 160,966 185,259
PROVISIONS FOR LIABILITIES
Deferred Taxation (720 ) (860 )
NET ASSETS 160,246 184,399
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 159,246 183,399
SHAREHOLDERS' FUNDS 160,246 184,399
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Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Hortense MacGillivray
Director
3 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rubadubs Nursery Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08870636 . The registered office is 5th Floor, 30-31 Furnival Street, London, EC4A 1JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable from parents for the provision of nursery services. Fees are invoiced in advance of the start of each school term. Any fees received before the end of the accounting period for services that have not yet been provided are carried forward to the next accounting period.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill represents the difference between the amount paid on the acquisition of the business from the previous owner on 31 January 2014 and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold straight line
Fixtures & Fittings 50% & 25% straight line basis
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was 28 (2023: 26)
28 26
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Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 500,000
As at 31 March 2024 500,000
Amortisation
As at 1 April 2023 458,333
Provided during the period 41,667
As at 31 March 2024 500,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 41,667
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 8,203 38,612 46,815
Additions - 3,623 3,623
Disposals - (1,878 ) (1,878 )
As at 31 March 2024 8,203 40,357 48,560
Depreciation
As at 1 April 2023 3,911 34,854 38,765
Provided during the period 1,304 3,613 4,917
Disposals - (1,878 ) (1,878 )
As at 31 March 2024 5,215 36,589 41,804
Net Book Value
As at 31 March 2024 2,988 3,768 6,756
As at 1 April 2023 4,292 3,758 8,050
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,385 3,766
Prepayments and accrued income 3,898 3,566
Other debtors 591 1,118
Directors' loan accounts 29,289 -
36,163 8,450
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 14,332 10,544
Other creditors 19,624 21,378
Accruals and deferred income 3,000 3,528
Directors' loan accounts - 668
36,956 36,118
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mrs Hortense MacGillivray - 30,000 (711 ) - 29,289
The director's loan is interest free and is reapyable on demand.
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