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 08414563 Mr Maz Fenton Mrs Tracey Fenton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08414563 2023-03-31 08414563 2024-03-31 08414563 2023-04-01 2024-03-31 08414563 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08414563 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08414563 frs-core:ShareCapital 2024-03-31 08414563 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08414563 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08414563 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 08414563 frs-bus:SmallEntities 2023-04-01 2024-03-31 08414563 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08414563 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08414563 frs-bus:Director1 2023-04-01 2024-03-31 08414563 frs-bus:Director2 2023-04-01 2024-03-31 08414563 frs-countries:EnglandWales 2023-04-01 2024-03-31 08414563 2022-03-31 08414563 2023-03-31 08414563 2022-04-01 2023-03-31 08414563 frs-core:ShareCapital 2023-03-31 08414563 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08414563
Nursery Rhymes (Huddersfield) Ltd
ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 08414563
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,109 22,720
19,109 22,720
CURRENT ASSETS
Debtors 614 236
Cash at bank and in hand 71,458 124,455
72,072 124,691
Creditors: Amounts Falling Due Within One Year (34,550 ) (60,491 )
NET CURRENT ASSETS (LIABILITIES) 37,522 64,200
TOTAL ASSETS LESS CURRENT LIABILITIES 56,631 86,920
NET ASSETS 56,631 86,920
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account 56,630 86,919
SHAREHOLDERS' FUNDS 56,631 86,920
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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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Maz Fenton
Director
Mrs Tracey Fenton
Director
14 August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Nursery Rhymes (Huddersfield) Ltd Registered number 08414563 is a limited by shares company incorporated in England & Wales. The Registered Office is 73 Woodhouse Hill, Huddersfield, West Yorkshire, HD2 1DH.
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, net of discounts and value added taxes. Turnover includes revenue earned from the the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. 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:
Freehold 15% reducing balance
Fixtures & Fittings 15% reducing balance
2.4. 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 years 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 assets reflect 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.
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2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 19 16
19 16
4. Tangible Assets
Total
£
Cost
As at 1 April 2023 59,303
Disposals (1,206 )
As at 31 March 2024 58,097
Depreciation
As at 1 April 2023 36,583
Provided during the period 3,373
Disposals (968 )
As at 31 March 2024 38,988
Net Book Value
As at 31 March 2024 19,109
As at 1 April 2023 22,720
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5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
6. Pension Commitments
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £1,040. (PY £907) were due to the fund. They are included in Other Creditors.
7. Related Party Transactions
Birkbees Group Limited - Parent company
During the year, Nursery Rhymes (Huddersfield) Limited paid £9,000 (PY £7,000) in management fees, £36,000 (PY £36,000) in rent and £101,500 (PY £76,500) in dividends to Birkbees Group Limited, during the year. Loans of £22,500 (PY £nil) were repaid to Birkbees Group Limited and further loans of £1,000 (PY £nil) were taken. The balance owed to Birkbees Group Limited at the year end was £1,000 (PY £22,500l).
Birkbees Day Care Ltd - Fellow subsidiary
During the year, Nursery Rhymes (Huddersfield) Limited received net recharges of £526 (PY £447) from Birkbees Day Care Limited and repaid loans of £4,112 (PY £nil). The balance owed by Nursery Rhymes (Huddersfield) Limited at the year end was £526 (PY £4,112).
First Class Nursery (Huddersfield) Limited - Fellow subsidiary
During the year, Nursery Rhymes (Huddersfield) Limited had expenses paid by First Class Nursery (Huddersfield) Limited of £2,778 (PY £2,387) and repaid loans of £10,064 (PY £nil). The amount owed by Nursery Rhymes (Huddersfield) Limited at the year end was £2,778 (PY £10,064).
The loans are interest free with no fixed plans for repayment.
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