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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
Page
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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
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Ridgemount Cottage Nursery Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
127,392 
98,325 
Current assets
Debtors
44,222 
54,788 
Cash at bank and in hand
16,761 
32,294 
60,983 
87,082 
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 
Capital and reserves
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
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Ridgemount Cottage Nursery Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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
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.
Pension costs
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.
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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 
Depreciation
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 
Net book value
At 31 March 2024
122,733 
2,792 
1,867 
127,392 
At 31 March 2023
92,113 
3,723 
2,489 
98,325 
5
Debtors
2024 
2023 
£ 
£ 
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 
44,222 
54,788 
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 
Accruals
2,707 
2,095 
54,568 
53,957 
7
Average number of employees
During the year the average number of employees was 37 (2023: 40).
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