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REGISTERED NUMBER: 04516188














CAROUSEL NURSERY SCHOOL (HILSEA) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






CAROUSEL NURSERY SCHOOL (HILSEA) LIMITED (REGISTERED NUMBER: 04516188)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CAROUSEL NURSERY SCHOOL (HILSEA) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S E Parker
F J Parker
M Stares





REGISTERED OFFICE: 40 Northern Parade
Hilsea
Portsmouth
Hants
PO2 8ND





REGISTERED NUMBER: 04516188






CAROUSEL NURSERY SCHOOL (HILSEA) LIMITED (REGISTERED NUMBER: 04516188)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,446 42,196

CURRENT ASSETS
Debtors 5 7,223 11,100
Cash at bank and in hand 31,657 32,492
38,880 43,592
CREDITORS
Amounts falling due within one year 6 15,080 13,612
NET CURRENT ASSETS 23,800 29,980
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,246

72,176

CREDITORS
Amounts falling due after more than one
year

7

12,714

16,647
NET ASSETS 43,532 55,529

CAPITAL AND RESERVES
Called up share capital 8 6 6
Retained earnings 9 43,526 55,523
SHAREHOLDERS' FUNDS 43,532 55,529

CAROUSEL NURSERY SCHOOL (HILSEA) LIMITED (REGISTERED NUMBER: 04516188)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2024 and were signed on its behalf by:





S E Parker - Director


CAROUSEL NURSERY SCHOOL (HILSEA) LIMITED (REGISTERED NUMBER: 04516188)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Carousel Nursery School (Hilsea) Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill has been restated in the financial year due to a misclassification of transactions in prior periods.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CAROUSEL NURSERY SCHOOL (HILSEA) LIMITED (REGISTERED NUMBER: 04516188)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES INCLUDING DIRECTORS

The average number of employees during the year was 27 (2022 - 27 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 62,080 42,290 104,370
Additions 1,066 - 1,066
At 31 December 2023 63,146 42,290 105,436
DEPRECIATION
At 1 January 2023 48,368 13,806 62,174
Charge for year 3,695 7,121 10,816
At 31 December 2023 52,063 20,927 72,990
NET BOOK VALUE
At 31 December 2023 11,083 21,363 32,446
At 31 December 2022 13,712 28,484 42,196

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 6,433 11,000
Other debtors 100 100
Prepayments and accrued income 690 -
7,223 11,100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 4,067 4,067
Corporation tax 4,633 2,189
Social security and other taxes 4,715 3,215
Other creditors 142 143
Directors' current accounts 23 2,498
Accrued expenses 1,500 1,500
15,080 13,612

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 12,714 16,647

CAROUSEL NURSERY SCHOOL (HILSEA) LIMITED (REGISTERED NUMBER: 04516188)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4 Ordinary £1 4 4
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
6 6

9. RESERVES
Retained
earnings
£   

At 1 January 2023 55,523
Profit for the year 10,003
Dividends (22,000 )
At 31 December 2023 43,526