Company Registration No. 08046154 (England and Wales)
Ridgemount Cottage Nursery Limited
Unaudited accounts
for the year ended 31 March 2024
Ridgemount Cottage Nursery Limited
Unaudited accounts
Contents
Ridgemount Cottage Nursery Limited
Company Information
for the year ended 31 March 2024
Directors
Nicola Hendry
Stewart Gerrard Hendry
Louise Gerrard
Company Number
08046154 (England and Wales)
Registered Office
73 Ermin Street
Brockworth
Gloucester
GL3 4EH
Accountants
Next Level Accountants Limited
35 Goddard Way
Tuffley
Gloucester
Gloucestershire
GL4 0YA
Ridgemount Cottage Nursery Limited
Statement of financial position
as at 31 March 2024
Tangible assets
127,392
98,325
Cash at bank and in hand
16,761
32,294
Creditors: amounts falling due within one year
(54,568)
(53,957)
Net current assets
6,415
33,125
Total assets less current liabilities
133,807
131,450
Provisions for liabilities
Deferred tax
(4,059)
(4,826)
Net assets
129,748
126,624
Called up share capital
100
100
Profit and loss account
129,648
126,524
Shareholders' funds
129,748
126,624
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2024 and were signed on its behalf by
Stewart Gerrard Hendry
Director
Company Registration No. 08046154
Ridgemount Cottage Nursery Limited
Notes to the Accounts
for the year ended 31 March 2024
Ridgemount Cottage Nursery Limited is a private company, limited by shares, registered in England and Wales, registration number 08046154. The registered office is 73 Ermin Street, Brockworth, Gloucester, GL3 4EH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight Line
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Ridgemount Cottage Nursery Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
108,866
50,481
6,895
166,242
Additions
46,118
-
-
46,118
Disposals
-
(41,672)
(1,985)
(43,657)
At 31 March 2024
154,984
8,809
4,910
168,703
At 1 April 2023
16,753
46,758
4,406
67,917
Charge for the year
15,498
931
622
17,051
On disposals
-
(41,672)
(1,985)
(43,657)
At 31 March 2024
32,251
6,017
3,043
41,311
At 31 March 2024
122,733
2,792
1,867
127,392
At 31 March 2023
92,113
3,723
2,489
98,325
Amounts falling due within one year
Trade debtors
41,039
33,026
Amounts due from group undertakings etc.
-
3,906
Accrued income and prepayments
-
3,968
Other debtors
3,183
13,888
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,289
2,365
Trade creditors
6,800
13,472
Amounts owed to group undertakings and other participating interests
2,244
-
Taxes and social security
38,528
36,025
7
Average number of employees
During the year the average number of employees was 37 (2023: 40).