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REGISTERED NUMBER: 04246036 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

CHILTON MEADOWS DAY NURSERY LIMITED

CHILTON MEADOWS DAY NURSERY LIMITED (REGISTERED NUMBER: 04246036)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHILTON MEADOWS DAY NURSERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mrs M Forbes
M Forbes
D N Martyn
Mrs V J Martyn
A K Shepherd



REGISTERED OFFICE: Brown Gables
North Street
East Rainton
Houghton-le-Spring
Tyne and Wear
DH5 9QF



REGISTERED NUMBER: 04246036 (England and Wales)



ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW



BANKERS: Lloyds Bank plc
19 Market Place
Durham
Co. Durham
DH1 3NL

CHILTON MEADOWS DAY NURSERY LIMITED (REGISTERED NUMBER: 04246036)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,758 62,667

CURRENT ASSETS
Stocks 220 220
Debtors 5 35,193 41,604
Cash at bank 14,006 -
49,419 41,824
CREDITORS
Amounts falling due within one year 6 31,432 80,112
NET CURRENT ASSETS/(LIABILITIES) 17,987 (38,288 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,745

24,379

CREDITORS
Amounts falling due after more than one
year

7

(72,788

)

(17,782

)

PROVISIONS FOR LIABILITIES (6,220 ) (7,464 )
NET LIABILITIES (5,263 ) (867 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (5,363 ) (967 )
SHAREHOLDERS' FUNDS (5,263 ) (867 )

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

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

CHILTON MEADOWS DAY NURSERY LIMITED (REGISTERED NUMBER: 04246036)

BALANCE SHEET - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were authorised for issue and approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





Mrs M Forbes - Director


CHILTON MEADOWS DAY NURSERY LIMITED (REGISTERED NUMBER: 04246036)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Chilton Meadows Day Nursery 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 represents fees payable in respect of the provision of pre-school childcare. Income is recognised when the service is provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property improvements - 5 years straight line
Kitchen Equipment - 20% reducing balance
Fixtures and fittings - 20% reducing balance
Office Equipment - 25% reducing balance

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

CHILTON MEADOWS DAY NURSERY LIMITED (REGISTERED NUMBER: 04246036)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, other loans, and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

CHILTON MEADOWS DAY NURSERY LIMITED (REGISTERED NUMBER: 04246036)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

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.

Going concern
The directors have considered the future performance and finance available to the company and have determined that the profits which the company are expect to achieve and the cash flows arising from these profits are sufficient for the company to continue as a going concern for a period in excess of 12 months from the date of this report. For this reason the going concern basis of accounting has been adopted.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Leasehold machinery
improvements etc Totals
£    £    £   
COST
At 1 August 2023 66,996 115,822 182,818
Additions - 1,262 1,262
At 31 July 2024 66,996 117,084 184,080
DEPRECIATION
At 1 August 2023 34,186 85,965 120,151
Charge for year 1,930 6,241 8,171
At 31 July 2024 36,116 92,206 128,322
NET BOOK VALUE
At 31 July 2024 30,880 24,878 55,758
At 31 July 2023 32,810 29,857 62,667

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 35,193 41,604

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 21,816 68,525
Trade creditors 3,197 4,811
Taxation and social security 1,599 2,017
Other creditors 4,820 4,759
31,432 80,112

CHILTON MEADOWS DAY NURSERY LIMITED (REGISTERED NUMBER: 04246036)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 72,788 17,782

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft - 18,463

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
D N Martyn and Mrs V J Martyn
Balance outstanding at start of year 20,819 19,753
Amounts advanced 44,263 38,672
Amounts repaid (38,307 ) (37,606 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,775 20,819

Mrs M Forbes
Balance outstanding at start of year 7,451 810
Amounts advanced 14,482 7,641
Amounts repaid (21,730 ) (1,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 203 7,451