Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-3028false2023-05-01Nursery28truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08050312 2023-05-01 2024-04-30 08050312 2022-05-01 2023-04-30 08050312 2024-04-30 08050312 2023-04-30 08050312 c:Director4 2023-05-01 2024-04-30 08050312 d:Buildings 2023-05-01 2024-04-30 08050312 d:Buildings 2024-04-30 08050312 d:Buildings 2023-04-30 08050312 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08050312 d:FurnitureFittings 2023-05-01 2024-04-30 08050312 d:FurnitureFittings 2024-04-30 08050312 d:FurnitureFittings 2023-04-30 08050312 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08050312 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08050312 d:CurrentFinancialInstruments 2024-04-30 08050312 d:CurrentFinancialInstruments 2023-04-30 08050312 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 08050312 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08050312 d:ShareCapital 2024-04-30 08050312 d:ShareCapital 2023-04-30 08050312 d:RetainedEarningsAccumulatedLosses 2024-04-30 08050312 d:RetainedEarningsAccumulatedLosses 2023-04-30 08050312 c:FRS102 2023-05-01 2024-04-30 08050312 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08050312 c:FullAccounts 2023-05-01 2024-04-30 08050312 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08050312 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 08050312










MINISTEPS NURSERY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
MINISTEPS NURSERY LIMITED
REGISTERED NUMBER: 08050312

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
                                                                   Note
£
£

Fixed assets
  

Tangible assets
 4 
707,683
718,742

  
707,683
718,742

Current assets
  

Debtors: amounts falling due within one year
 5 
25,265
15,946

Cash at bank and in hand
  
595,544
535,328

  
620,809
551,274

Creditors: amounts falling due within one year
 6 
(224,997)
(173,929)

Net current assets
  
 
 
395,812
 
 
377,345

Total assets less current liabilities
  
1,103,495
1,096,087

Deferred tax
  
(39,745)
(37,907)

  
 
 
(39,745)
 
 
(37,907)

Net assets
  
1,063,750
1,058,180


Capital and reserves
  

Called up share capital 
  
120
120

Profit and loss account
  
1,063,630
1,058,060

  
1,063,750
1,058,180


Page 1

 
MINISTEPS NURSERY LIMITED
REGISTERED NUMBER: 08050312
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
Y Nurmohamed
Director

Date: 4 October 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MINISTEPS NURSERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Ministeps Nursery Limited is a private company limited by shares and registered in England and Wales. Its registration number is 08050312. The registered office is 10 Queen Street Place, London, EC4R 1AG and
the principal place of trading is 150 Joel Street, Norwood, Middlesex, HA6 1NL.
The functional and presentation currency is £ sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Page 3

 
MINISTEPS NURSERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
1%
straight line
Fixtures and fittings
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 4

 
MINISTEPS NURSERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

  
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 28 (2023 - 28).

Page 5

 
MINISTEPS NURSERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Total

£
£
£



Cost


At 1 May 2023
739,985
34,584
774,569


Additions
-
409
409



At 30 April 2024

739,985
34,993
774,978



Depreciation


At 1 May 2023
36,317
19,510
55,827


Charge for the year
7,400
4,068
11,468



At 30 April 2024

43,717
23,578
67,295



Net book value



At 30 April 2024
696,268
11,415
707,683



At 30 April 2023
703,668
15,074
718,742

Page 6

 
MINISTEPS NURSERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Trade debtors
5,912
-

Called up share capital not paid
120
120

Prepayments
19,233
15,826

25,265
15,946



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,300
1,325

Corporation tax
130,963
90,488

Other taxation and social security
5,322
3,853

Other creditors
75,414
71,573

Accruals and deferred income
9,998
6,690

224,997
173,929



7.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £7,227 (2023: £7,714). Contributions totalling £1,755 (2023: £1,616) were payable to the fund at the reporting date and are included in creditors.

Page 7