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Registered number: 10173778
Sunny Days Nursery Limited
Unaudited Financial Statements
For the Period 1 July 2022 to 31 December 2023
Advoco (SW) Ltd
Unaudited Financial Statements
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr David Scadden
Mrs Joy Scadden
Company Number 10173778
Registered Office 14a Albany Road
Weymouth
Dorset
DT4 9TH
Accountants Advoco (SW) Ltd
14a Albany Road
Weymouth
Dorset
DT4 9TH
Note this is an 18 month period
Page 1
Page 2
Balance Sheet
Registered number: 10173778
31 December 2023 30 June 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 218,534 218,534
Tangible Assets 5 7,342 3,949
225,876 222,483
CURRENT ASSETS
Stocks 6 504 480
Debtors 7 223,324 35,710
Cash at bank and in hand 6,253 9,444
230,081 45,634
Creditors: Amounts Falling Due Within One Year 8 (302,397 ) (217,447 )
NET CURRENT ASSETS (LIABILITIES) (72,316 ) (171,813 )
TOTAL ASSETS LESS CURRENT LIABILITIES 153,560 50,670
NET ASSETS 153,560 50,670
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 153,460 50,570
SHAREHOLDERS' FUNDS 153,560 50,670
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For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Scadden
Director
26 September 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Sunny Days Nursery Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10173778 . The registered office is 14a Albany Road, Weymouth, Dorset, DT4 9TH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Fixtures & Fittings 20% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 15 (2022: 13)
15 13
Page 4
Page 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2022 218,534
As at 31 December 2023 218,534
Net Book Value
As at 31 December 2023 218,534
As at 1 July 2022 218,534
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2022 - 11,140 11,140
Additions 5,363 - 5,363
As at 31 December 2023 5,363 11,140 16,503
Depreciation
As at 1 July 2022 - 7,191 7,191
Provided during the period 863 1,107 1,970
As at 31 December 2023 863 8,298 9,161
Net Book Value
As at 31 December 2023 4,500 2,842 7,342
As at 1 July 2022 - 3,949 3,949
6. Stocks
31 December 2023 30 June 2022
£ £
Stock 504 480
7. Debtors
31 December 2023 30 June 2022
£ £
Due within one year
Trade debtors 2,831 623
Intercompany SBS 220,493 35,087
223,324 35,710
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Page 6
8. Creditors: Amounts Falling Due Within One Year
31 December 2023 30 June 2022
£ £
Trade creditors 8,619 1,705
Corporation tax liability 27,795 10,751
Social security and other tax 3,040 1,279
Intercompany SDN 230,576 201,684
Inter company SDC 22,348 -
Accrued expenses 10,019 2,028
302,397 217,447
9. Share Capital
31 December 2023 30 June 2022
Allotted, called up but not fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
Page 6