Company registration number 08934531 (England and Wales)
GREAT EXPECTATIONS DAY NURSERY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
30-31 St.James Place
Mangotsfield
Bristol
United Kingdom
BS16 9JB
GREAT EXPECTATIONS DAY NURSERY LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
GREAT EXPECTATIONS DAY NURSERY LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mrs J L Scott
Mr M H Scott
Company number
08934531
Registered office
30 - 31 St James Place
Mangotsfield
Bristol
BS16 9JB
Accountants
TC Group
30-31 St.James Place
Mangotsfield
Bristol
United Kingdom
BS16 9JB
GREAT EXPECTATIONS DAY NURSERY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
26,000
Tangible assets
4
4,872
4,237
4,872
30,237
Current assets
Debtors
5
130,624
87,498
Cash at bank and in hand
194,851
115,295
325,475
202,793
Creditors: amounts falling due within one year
6
(179,542)
(66,643)
Net current assets
145,933
136,150
Total assets less current liabilities
150,805
166,387
Creditors: amounts falling due after more than one year
7
(79,502)
(97,617)
Provisions for liabilities
(1,218)
(805)
Net assets
70,085
67,965
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
69,985
67,865
Total equity
70,085
67,965
GREAT EXPECTATIONS DAY NURSERY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 3 -
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 11 September 2024 and are signed on its behalf by:
Mrs J L Scott
Mr M H Scott
Director
Director
Company Registration No. 08934531
GREAT EXPECTATIONS DAY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
1
Accounting policies
Company information
Great Expectations Day Nursery Limited is a private company limited by shares incorporated in England and Wales. The registered office is 30 - 31 St James Place, Mangotsfield, Bristol, BS16 9JB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
1.3
Intangible fixed assets - goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% on reducing balance
Computers
25% on reducing balance
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
GREAT EXPECTATIONS DAY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
31
29
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
260,000
Amortisation and impairment
At 1 April 2023
234,000
Amortisation charged for the year
26,000
At 31 March 2024
260,000
Carrying amount
At 31 March 2024
At 31 March 2023
26,000
GREAT EXPECTATIONS DAY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
4
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 April 2023
17,255
6,549
23,804
Additions
2,255
2,255
At 31 March 2024
17,255
8,804
26,059
Depreciation and impairment
At 1 April 2023
14,610
4,957
19,567
Depreciation charged in the year
659
961
1,620
At 31 March 2024
15,269
5,918
21,187
Carrying amount
At 31 March 2024
1,986
2,886
4,872
At 31 March 2023
2,645
1,592
4,237
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
48,830
41,527
Other debtors
81,794
45,971
130,624
87,498
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
18,116
18,116
Trade creditors
340
1,311
Taxation and social security
48,333
37,847
Other creditors
112,753
9,369
179,542
66,643
GREAT EXPECTATIONS DAY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
79,502
97,617
8
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Mrs J L Scott - Overdrawn Loan Account
-
16,209
53,359
(40,188)
29,380
Mr M H Scott - Overdrawn Loan Account
-
16,209
53,359
(40,188)
29,380
32,418
106,718
(80,376)
58,760