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REGISTERED NUMBER: SC218455 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Pinocchio's Childrens Nurseries Limited

Pinocchio's Childrens Nurseries Limited (Registered number: SC218455)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Pinocchio's Childrens Nurseries Limited (Registered number: SC218455)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 243,022 209,682

CURRENT ASSETS
Debtors 5 170,276 153,614
Cash at bank 2,462,547 1,863,898
2,632,823 2,017,512
CREDITORS
Amounts falling due within one year 6 (585,209 ) (483,817 )
NET CURRENT ASSETS 2,047,614 1,533,695
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,290,636

1,743,377

PROVISIONS FOR LIABILITIES (9,762 ) (12,281 )
NET ASSETS 2,280,874 1,731,096

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 2,280,871 1,731,093
SHAREHOLDERS' FUNDS 2,280,874 1,731,096

Pinocchio's Childrens Nurseries Limited (Registered number: SC218455)

Balance Sheet - continued
31 January 2024


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

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

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 30 April 2024 and were signed on its behalf by:




Stratos Koulis - Director



Lewissa Koulis - Director


Pinocchio's Childrens Nurseries Limited (Registered number: SC218455)

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

1. STATUTORY INFORMATION

Pinocchio's Childrens Nurseries Limited is a private company, limited by shares, domiciled in Scotland, registration number SC218455. The registered office is School Green, Lasswade, Midlothian, EH18 1NB.

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 represents net invoiced sales of services in relation to the provision of child care, excluding value added tax. Sales are recognised at the point at which the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery etc - 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

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.

Pinocchio's Childrens Nurseries Limited (Registered number: SC218455)

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

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is
determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 112 (2023 - 101 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 332,606 94,557 427,163
Additions 68,241 27,870 96,111
Grants - (2,364 ) (2,364 )
Reclassification/transfer 20,000 (20,000 ) -
At 31 January 2024 420,847 100,063 520,910
DEPRECIATION
At 1 February 2023 172,049 45,432 217,481
Charge for year 39,824 20,583 60,407
Reclassification/transfer 5,000 (5,000 ) -
At 31 January 2024 216,873 61,015 277,888
NET BOOK VALUE
At 31 January 2024 203,974 39,048 243,022
At 31 January 2023 160,557 49,125 209,682

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 158,944 147,445
Other debtors 11,332 6,169
170,276 153,614

Pinocchio's Childrens Nurseries Limited (Registered number: SC218455)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 26,247 38,166
Taxation and social security 278,573 188,323
Other creditors 280,389 257,328
585,209 483,817