30 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 350,000 140,000 70,000 210,000 140,000 210,000 xbrli:pure xbrli:shares iso4217:GBP 08260861 2023-03-01 2024-02-29 08260861 2024-02-29 08260861 2023-02-28 08260861 2022-03-01 2023-02-28 08260861 2023-02-28 08260861 2022-02-28 08260861 core:FurnitureFittings 2023-03-01 2024-02-29 08260861 core:MotorVehicles 2023-03-01 2024-02-29 08260861 core:NetGoodwill 2023-03-01 2024-02-29 08260861 bus:Director1 2023-03-01 2024-02-29 08260861 bus:Director2 2023-03-01 2024-02-29 08260861 core:NetGoodwill 2023-02-28 08260861 core:NetGoodwill 2024-02-29 08260861 core:FurnitureFittings 2023-02-28 08260861 core:MotorVehicles 2023-02-28 08260861 core:FurnitureFittings 2024-02-29 08260861 core:MotorVehicles 2024-02-29 08260861 core:WithinOneYear 2024-02-29 08260861 core:WithinOneYear 2023-02-28 08260861 core:AfterOneYear 2024-02-29 08260861 core:AfterOneYear 2023-02-28 08260861 core:ShareCapital 2024-02-29 08260861 core:ShareCapital 2023-02-28 08260861 core:RetainedEarningsAccumulatedLosses 2024-02-29 08260861 core:RetainedEarningsAccumulatedLosses 2023-02-28 08260861 core:NetGoodwill 2023-02-28 08260861 core:FurnitureFittings 2023-02-28 08260861 core:MotorVehicles 2023-02-28 08260861 bus:Director1 2023-02-28 08260861 bus:Director1 2024-02-29 08260861 bus:Director2 2024-02-29 08260861 bus:Director1 2022-02-28 08260861 bus:Director1 2023-02-28 08260861 bus:Director1 2022-03-01 2023-02-28 08260861 bus:SmallEntities 2023-03-01 2024-02-29 08260861 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08260861 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08260861 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08260861 bus:FullAccounts 2023-03-01 2024-02-29
COMPANY REGISTRATION NUMBER: 08260861
Little Green Day Nursery Limited
Filleted Unaudited Financial Statements
29 February 2024
Little Green Day Nursery Limited
Financial Statements
Year ended 29 February 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Little Green Day Nursery Limited
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
140,000
210,000
Tangible assets
6
15,170
22,190
---------
---------
155,170
232,190
Current assets
Debtors
7
127,797
10,210
Cash at bank and in hand
693,732
927,179
---------
---------
821,529
937,389
Creditors: amounts falling due within one year
8
95,951
109,563
---------
---------
Net current assets
725,578
827,826
---------
------------
Total assets less current liabilities
880,748
1,060,016
Creditors: amounts falling due after more than one year
9
2,300
1,300
---------
------------
Net assets
878,448
1,058,716
---------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
878,348
1,058,616
---------
------------
Shareholders funds
878,448
1,058,716
---------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Little Green Day Nursery Limited
Statement of Financial Position (continued)
29 February 2024
These financial statements were approved by the board of directors and authorised for issue on 19 September 2024 , and are signed on behalf of the board by:
Mrs J Carpenter
Director
Company registration number: 08260861
Little Green Day Nursery Limited
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Oadby Place, Leicester Street, Reddish, Stockport, Cheshire, SK5 6NG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
5 Years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 30 (2023: 26 ).
5. Intangible assets
Goodwill
£
Cost
At 1 March 2023 and 29 February 2024
350,000
---------
Amortisation
At 1 March 2023
140,000
Charge for the year
70,000
---------
At 29 February 2024
210,000
---------
Carrying amount
At 29 February 2024
140,000
---------
At 28 February 2023
210,000
---------
6. Tangible assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 March 2023
47,115
29,649
76,764
Additions
2,979
2,979
--------
--------
--------
At 29 February 2024
50,094
29,649
79,743
--------
--------
--------
Depreciation
At 1 March 2023
39,750
14,824
54,574
Charge for the year
2,586
7,413
9,999
--------
--------
--------
At 29 February 2024
42,336
22,237
64,573
--------
--------
--------
Carrying amount
At 29 February 2024
7,758
7,412
15,170
--------
--------
--------
At 28 February 2023
7,365
14,825
22,190
--------
--------
--------
7. Debtors
2024
2023
£
£
Other debtors
127,797
10,210
---------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
538
Corporation tax
52,750
34,264
Social security and other taxes
804
33,906
Other creditors
41,859
41,393
--------
---------
95,951
109,563
--------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
2,300
1,300
-------
-------
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mrs J Carpenter
( 1,444)
40,336
38,892
Mr M Carpenter
79,095
79,095
-------
---------
---------
( 1,444)
119,431
117,987
-------
---------
---------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mrs J Carpenter
( 538)
( 906)
( 1,444)
Mr M Carpenter
----
----
-------
( 538)
( 906)
( 1,444)
----
----
-------