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REGISTERED NUMBER: 04624846 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Cygnet Day Nurseries Ltd

Cygnet Day Nurseries Ltd (Registered number: 04624846)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Cygnet Day Nurseries Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs M Cusworth
Ms B Clark
Mr D J Cusworth
Mr O Cusworth





SECRETARY: Mrs M Cusworth





REGISTERED OFFICE: Hartwood House
High Street
Bordon
Hampshire
GU35 0AU





REGISTERED NUMBER: 04624846 (England and Wales)





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Cygnet Day Nurseries Ltd (Registered number: 04624846)

Abridged Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,179 41,762

CURRENT ASSETS
Stocks 250 250
Debtors 5 186,623 175,895
Prepayments and accrued income 2,804 2,965
Cash at bank and in hand 175,693 178,840
365,370 357,950
CREDITORS
Amounts falling due within one year 72,628 46,744
NET CURRENT ASSETS 292,742 311,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

327,921

352,968

PROVISIONS FOR LIABILITIES (3,709 ) (2,449 )

ACCRUALS AND DEFERRED INCOME (814 ) (864 )
NET ASSETS 323,398 349,655

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 322,398 348,655
SHAREHOLDERS' FUNDS 323,398 349,655

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.

Cygnet Day Nurseries Ltd (Registered number: 04624846)

Abridged Statement of Financial Position - continued
31 December 2023


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 September 2024 and were signed on its behalf by:





Mrs M Cusworth - Director


Cygnet Day Nurseries Ltd (Registered number: 04624846)

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

1. STATUTORY INFORMATION

Cygnet Day Nurseries Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the term of the lease
Plant and machinery - 33% on cost
Fixtures and fittings - 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Cygnet Day Nurseries Ltd (Registered number: 04624846)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 277,195
Additions 8,917
At 31 December 2023 286,112
DEPRECIATION
At 1 January 2023 235,433
Charge for year 15,500
At 31 December 2023 250,933
NET BOOK VALUE
At 31 December 2023 35,179
At 31 December 2022 41,762

Short leasehold is depreciated over the remaining life of the lease which expires in September 2025.

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other debtors 21,261 -

Cygnet Day Nurseries Ltd (Registered number: 04624846)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. PENSION COMMITMENTS

The company operates a money purchase pension scheme on behalf of its directors and employees. The assets of the scheme are held separately in independently administered fund. At the balance sheet date, unpaid contributions of £1,745 (2022- £1,491) were due to the fund. These are included within creditors.

7. OTHER FINANCIAL COMMITMENTS

The company had rent commitments at the financial year end totalling £22,664 (2022 - £56,660)

The were no other financial commitments, contingencies or guarantees made on behalf of directors.

8. OFF-BALANCE SHEET ARRANGEMENTS

There were no off-balance sheet arrangements at the financial year end.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mrs M Cusworth
Balance outstanding at start of year 62,957 422
Amounts advanced - 63,000
Amounts repaid (62,957 ) (465 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 62,957

Mr J Elkes
Balance outstanding at start of year 44,997 -
Amounts advanced 108,000 45,000
Amounts repaid (45,000 ) (3 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 107,997 44,997

Ms B Clark
Balance outstanding at start of year 49,523 -
Amounts advanced 42,000 57,525
Amounts repaid (49,525 ) (8,002 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41,998 49,523

Loans to the directors are unsecured, interest free and repayable on demand.
The loan in relation to J Elkes is due for repayment from the Estate of Mr J Elkes.
The loan to B Clark was repaid on 6th April 2024 by way of a dividend distribution.