Registered number
09692375
Rainbow Nursery (Manchester) Ltd
Unaudited Filleted Accounts
31 July 2024
Rainbow Nursery (Manchester) Ltd
Registered number: 09692375
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 53,020 54,019
Current assets
Cash at bank and in hand 57,267 40,708
Creditors: amounts falling due within one year 4 (40,474) (28,278)
Net current assets 16,793 12,430
Total assets less current liabilities 69,813 66,449
Creditors: amounts falling due after more than one year 5 (27,400) (38,628)
Net assets 42,413 27,821
Capital and reserves
Called up share capital 100 100
Profit and loss account 42,313 27,721
Shareholders' funds 42,413 27,821
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms Tamara Hart
Director
Approved by the board on 4 September 2024
Rainbow Nursery (Manchester) Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings 15% reducing balance
Office equipment 30% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 16 15
3 Tangible fixed assets
Fixtures and fittings Office equipment Total
£ £ £
Cost
At 1 August 2023 134,011 5,824 139,835
Additions 5,872 3,400 9,272
At 31 July 2024 139,883 9,224 149,107
Depreciation
At 1 August 2023 81,776 4,040 85,816
Charge for the year 8,716 1,555 10,271
At 31 July 2024 90,492 5,595 96,087
Net book value
At 31 July 2024 49,391 3,629 53,020
At 31 July 2023 52,235 1,784 54,019
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bounce back loan 5,000 5,000
Trade creditors - 1,355
Taxation and social security costs 29,210 19,312
Directors loan account 3,801 721
Other creditors 2,463 1,890
40,474 28,278
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bounce back loan 27,400 38,628
6 Other information
Rainbow Nursery (Manchester) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
211 Manchester New Road
Alkrington
Midddleton
Manchester
M24 1JT
Rainbow Nursery (Manchester) Ltd 09692375 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts April 2024 Ms Tamara Hart No description of principal activity 09692375 2022-08-01 2023-07-31 09692375 core:WithinOneYear 2023-07-31 09692375 core:AfterOneYear 2023-07-31 09692375 core:ShareCapital 2023-07-31 09692375 core:RetainedEarningsAccumulatedLosses 2023-07-31 09692375 2023-08-01 2024-07-31 09692375 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09692375 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 09692375 bus:Director40 2023-08-01 2024-07-31 09692375 1 2023-08-01 2024-07-31 09692375 2 2023-08-01 2024-07-31 09692375 core:LandBuildings 2023-08-01 2024-07-31 09692375 core:PlantMachinery 2023-08-01 2024-07-31 09692375 countries:England 2023-08-01 2024-07-31 09692375 bus:FRS102 2023-08-01 2024-07-31 09692375 bus:FilletedAccounts 2023-08-01 2024-07-31 09692375 2024-07-31 09692375 core:WithinOneYear 2024-07-31 09692375 core:AfterOneYear 2024-07-31 09692375 core:ShareCapital 2024-07-31 09692375 core:RetainedEarningsAccumulatedLosses 2024-07-31 09692375 core:LandBuildings 2024-07-31 09692375 core:PlantMachinery 2024-07-31 09692375 2023-07-31 09692375 core:LandBuildings 2023-07-31 09692375 core:PlantMachinery 2023-07-31 iso4217:GBP xbrli:pure