IRIS Accounts Production v24.1.4.33 SC249016 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2490162023-03-31SC2490162024-03-31SC2490162023-04-012024-03-31SC2490162022-03-31SC2490162022-04-012023-03-31SC2490162023-03-31SC249016ns15:Scotland2023-04-012024-03-31SC249016ns14:PoundSterling2023-04-012024-03-31SC249016ns10:Director12023-04-012024-03-31SC249016ns10:Director22023-04-012024-03-31SC249016ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC249016ns10:SmallEntities2023-04-012024-03-31SC249016ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC249016ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC249016ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC249016ns10:FullAccounts2023-04-012024-03-31SC249016ns10:OrdinaryShareClass12023-04-012024-03-31SC249016ns10:Director32023-04-012024-03-31SC249016ns10:Director42023-04-012024-03-31SC249016ns10:CompanySecretary12023-04-012024-03-31SC249016ns10:RegisteredOffice2023-04-012024-03-31SC249016ns5:CurrentFinancialInstruments2024-03-31SC249016ns5:CurrentFinancialInstruments2023-03-31SC249016ns5:Non-currentFinancialInstruments2024-03-31SC249016ns5:Non-currentFinancialInstruments2023-03-31SC249016ns5:ShareCapital2024-03-31SC249016ns5:ShareCapital2023-03-31SC249016ns5:RetainedEarningsAccumulatedLosses2024-03-31SC249016ns5:RetainedEarningsAccumulatedLosses2023-03-31SC249016ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-04-012024-03-31SC249016ns5:FurnitureFittings2023-04-012024-03-31SC249016ns5:MotorVehicles2023-04-012024-03-31SC249016ns5:ComputerEquipment2023-04-012024-03-31SC249016ns5:LandBuildings2023-03-31SC249016ns5:FurnitureFittings2023-03-31SC249016ns5:MotorVehicles2023-03-31SC249016ns5:ComputerEquipment2023-03-31SC249016ns5:LandBuildings2023-04-012024-03-31SC249016ns5:LandBuildings2024-03-31SC249016ns5:FurnitureFittings2024-03-31SC249016ns5:MotorVehicles2024-03-31SC249016ns5:ComputerEquipment2024-03-31SC249016ns5:LandBuildings2023-03-31SC249016ns5:FurnitureFittings2023-03-31SC249016ns5:MotorVehicles2023-03-31SC249016ns5:ComputerEquipment2023-03-31SC249016ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31SC249016ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31SC249016ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: SC249016 (Scotland)












Financial Statements

for the Year Ended 31 March 2024

for

Kirriemuir Nursery School Limited

Kirriemuir Nursery School Limited (Registered number: SC249016)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kirriemuir Nursery School Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J McLaughlin
Mrs M R A McLaughlin
K McLaughlin
Ms K McLaughlin





SECRETARY: J McLaughlin





REGISTERED OFFICE: Hairmyres Hospital
Eaglesham Road
East Kilbride
G75 8RG





REGISTERED NUMBER: SC249016 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Kirriemuir Nursery School Limited (Registered number: SC249016)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 157,492 117,872

CURRENT ASSETS
Debtors 5 1,000 1,000
Cash at bank 2,308 106,075
3,308 107,075
CREDITORS
Amounts falling due within one year 6 103,577 157,381
NET CURRENT LIABILITIES (100,269 ) (50,306 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,223

67,566

CREDITORS
Amounts falling due after more than one year 7 33,013 43,369
NET ASSETS 24,210 24,197

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Retained earnings 14,210 14,197
SHAREHOLDERS' FUNDS 24,210 24,197

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Kirriemuir Nursery School Limited (Registered number: SC249016)

Balance Sheet - continued
31 March 2024


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

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 9 October 2024 and were signed on its behalf by:




J McLaughlin - Director



Mrs M R A McLaughlin - Director


Kirriemuir Nursery School Limited (Registered number: SC249016)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Kirriemuir Nursery School Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Going concern
The directors are satisfied that the company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Turnover represents the amounts derived from the provision of childcare services, excluding value added tax and trade discounts. Income is recognised on a cash basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Building - 5% on cost
Equipment and toys - 33% on reducing balance and 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Kirriemuir Nursery School Limited (Registered number: SC249016)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 16 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Equipment Motor Computer
Building and toys vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 236,194 44,801 89,703 51,971 422,669
Additions - 5,569 73,120 2,098 80,787
At 31 March 2024 236,194 50,370 162,823 54,069 503,456
DEPRECIATION
At 1 April 2023 200,524 37,325 24,669 42,279 304,797
Charge for year 11,810 2,070 22,352 4,935 41,167
At 31 March 2024 212,334 39,395 47,021 47,214 345,964
NET BOOK VALUE
At 31 March 2024 23,860 10,975 115,802 6,855 157,492
At 31 March 2023 35,670 7,476 65,034 9,692 117,872

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,000 1,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 19,175 9,330
Trade creditors 41,995 126,405
Taxation and social security 31,759 10,998
103,577 157,381

Kirriemuir Nursery School Limited (Registered number: SC249016)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 15,144 23,379
Hire purchase contracts 26,628 6,190
Other creditors (8,759 ) 13,800
33,013 43,369

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000