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REGISTERED NUMBER: 06562411 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Sweet Peas Day Care & Teaching Nurseries
Limited

Sweet Peas Day Care & Teaching Nurseries
Limited (Registered number: 06562411)






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

Chartered Certified Accountants' Report 8

Sweet Peas Day Care & Teaching Nurseries
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: H M Strachan





REGISTERED OFFICE: Link House
Ninelands Lane
Garforth
Leeds
LS25 1NT





REGISTERED NUMBER: 06562411 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Sweet Peas Day Care & Teaching Nurseries
Limited (Registered number: 06562411)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,052 9,909
Tangible assets 5 1,020,048 1,018,991
1,028,100 1,028,900

CURRENT ASSETS
Stocks 4,912 3,666
Debtors 6 13,919 4,897
Cash at bank and in hand 5,824 49,100
24,655 57,663
CREDITORS
Amounts falling due within one year 7 282,960 246,142
NET CURRENT LIABILITIES (258,305 ) (188,479 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

769,795

840,421

CREDITORS
Amounts falling due after more than one year 8 (534,310 ) (561,495 )

PROVISIONS FOR LIABILITIES (55,605 ) (33,287 )
NET ASSETS 179,880 245,639

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 179,879 245,638
179,880 245,639

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 director acknowledges her 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.

Sweet Peas Day Care & Teaching Nurseries
Limited (Registered number: 06562411)

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 director and authorised for issue on 24 September 2024 and were signed by:





H M Strachan - Director


Sweet Peas Day Care & Teaching Nurseries
Limited (Registered number: 06562411)

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

1. STATUTORY INFORMATION

Sweet Peas Day Care & Teaching Nurseries Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 15% on reducing balance and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Sweet Peas Day Care & Teaching Nurseries
Limited (Registered number: 06562411)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 63 (2023 - 58 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 250,000 18,573 268,573
AMORTISATION
At 1 April 2023 250,000 8,664 258,664
Charge for year - 1,857 1,857
At 31 March 2024 250,000 10,521 260,521
NET BOOK VALUE
At 31 March 2024 - 8,052 8,052
At 31 March 2023 - 9,909 9,909

Sweet Peas Day Care & Teaching Nurseries
Limited (Registered number: 06562411)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 1,035,219 311,951 1,347,170
Additions - 39,267 39,267
Disposals - (6,807 ) (6,807 )
At 31 March 2024 1,035,219 344,411 1,379,630
DEPRECIATION
At 1 April 2023 129,661 198,518 328,179
Charge for year 17,452 19,397 36,849
Eliminated on disposal - (5,446 ) (5,446 )
At 31 March 2024 147,113 212,469 359,582
NET BOOK VALUE
At 31 March 2024 888,106 131,942 1,020,048
At 31 March 2023 905,558 113,433 1,018,991

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 62 225
Amounts owed by group undertakings 32 128
Other debtors 13,825 4,544
13,919 4,897

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 54,162 74,480
Trade creditors 84,828 38,676
Taxation and social security 66,351 72,018
Other creditors 77,619 60,968
282,960 246,142

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 534,310 561,495

Sweet Peas Day Care & Teaching Nurseries
Limited (Registered number: 06562411)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 297,175 333,650

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Sweet Peas Day Care & Teaching Nurseries
Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sweet Peas Day Care & Teaching Nurseries Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Sweet Peas Day Care & Teaching Nurseries Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sweet Peas Day Care & Teaching Nurseries Limited and state those matters that we have agreed to state to the director of Sweet Peas Day Care & Teaching Nurseries Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Sweet Peas Day Care & Teaching Nurseries Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sweet Peas Day Care & Teaching Nurseries Limited. You consider that Sweet Peas Day Care & Teaching Nurseries Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sweet Peas Day Care & Teaching Nurseries Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


24 September 2024