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Registration number: 04493349

D R Harrison Limited

trading as Red Hen Children's Day Nursery

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

D R Harrison Limited

trading as Red Hen Children's Day Nursery

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

D R Harrison Limited

trading as Red Hen Children's Day Nursery

Company Information

Directors

D R Harrison

L G Harrison

J E Harrison

Registered office

Manor House Farm
Reston Road
Legbourne
Louth
Lincolnshire
LN11 8LS

 

D R Harrison Limited

trading as Red Hen Children's Day Nursery

(Registration number: 04493349)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

331,679

340,917

Current assets

 

Stocks

5

855

815

Debtors

6

3,846

2,738

Cash at bank and in hand

 

897

450

 

5,598

4,003

Creditors: Amounts falling due within one year

7

(183,934)

(130,069)

Net current liabilities

 

(178,336)

(126,066)

Total assets less current liabilities

 

153,343

214,851

Creditors: Amounts falling due after more than one year

7

(74,922)

(86,555)

Provisions for liabilities

(8,044)

(8,506)

Net assets

 

70,377

119,790

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

70,277

119,690

Shareholders' funds

 

70,377

119,790

For the financial year ending 31 December 2023 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 accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 September 2024 and signed on its behalf by:
 

.........................................
D R Harrison
Director

.........................................
L G Harrison
Director

.........................................
J E Harrison
Director

     
 

D R Harrison Limited

trading as Red Hen Children's Day Nursery

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company, limited by share capital and incorporated in England and Wales and the company registration number is 04493349.

The address of its registered office is:
Manor House Farm
Reston Road
Legbourne
Louth
Lincolnshire
LN11 8LS

These financial statements were authorised for issue by the Board on 17 September 2024.

These financial statements cover the individual entity, D R Harrison Limited.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 including Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the company and have been rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

D R Harrison Limited

trading as Red Hen Children's Day Nursery

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Property improvements

2% straight line

Play equipment

33% reducing balance

Fixtures and fittings

25% reducing balance

Equipment

33% reducing balance

Stocks

Stocks are stated at the lower of cost and net realisable value.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its net realisable value; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

D R Harrison Limited

trading as Red Hen Children's Day Nursery

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 22 (2022 - 25).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2023

415,448

67,884

25,451

508,783

Additions

-

1,946

-

1,946

At 31 December 2023

415,448

69,830

25,451

510,729

Depreciation

At 1 January 2023

81,746

60,800

25,322

167,868

Charge for the year

8,309

2,831

42

11,182

At 31 December 2023

90,055

63,631

25,364

179,050

Carrying amount

At 31 December 2023

325,393

6,199

87

331,679

At 31 December 2022

333,703

7,084

130

340,917

5

Stocks

2023
£

2022
£

Other inventories

855

815

6

Debtors

Current

2023
£

2022
£

Trade debtors

1,019

661

Prepayments and accrued income

1,983

2,077

Other debtors

844

-

 

3,846

2,738

 

D R Harrison Limited

trading as Red Hen Children's Day Nursery

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Bank loans and overdrafts

32,269

31,539

Trade creditors

4,385

2,854

Taxation and social security

13,118

20,319

Accruals and deferred income

4,782

3,938

Other creditors

129,380

71,419

183,934

130,069

Creditors due within one year include an overdraft of £22,133 (2022 - £21,699) which is secured on the freehold land and buildings owned by the company and personally by the directors.

Creditors include deferred income, which will be released in instalments, of £53,202 (2022 - £54,499) due after more than five years.

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

16,530

26,865

Deferred income

 

58,392

59,690

 

74,922

86,555

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

16,530

26,865

2023
£

2022
£

Current loans and borrowings

Bank borrowings

10,136

9,840

Bank overdrafts

22,133

21,699

Other borrowings

127,850

70,439

160,119

101,978

 

D R Harrison Limited

trading as Red Hen Children's Day Nursery

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100