Elmdon Day Nursery (UK) Limited 05886893 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is the provision of childrens' day nursery services Digita Accounts Production Advanced 6.30.9574.0 true 05886893 2023-02-01 2024-01-31 05886893 2024-01-31 05886893 bus:OrdinaryShareClass1 2024-01-31 05886893 core:CurrentFinancialInstruments 2024-01-31 05886893 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 05886893 core:Non-currentFinancialInstruments 2024-01-31 05886893 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 05886893 core:FurnitureFittingsToolsEquipment 2024-01-31 05886893 core:LandBuildings 2024-01-31 05886893 bus:SmallEntities 2023-02-01 2024-01-31 05886893 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 05886893 bus:FilletedAccounts 2023-02-01 2024-01-31 05886893 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05886893 bus:RegisteredOffice 2023-02-01 2024-01-31 05886893 bus:Director1 2023-02-01 2024-01-31 05886893 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 05886893 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05886893 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 05886893 core:LandBuildings 2023-02-01 2024-01-31 05886893 core:LeaseholdImprovements 2023-02-01 2024-01-31 05886893 core:OtherRelatedParties 2023-02-01 2024-01-31 05886893 countries:EnglandWales 2023-02-01 2024-01-31 05886893 2023-01-31 05886893 core:FurnitureFittingsToolsEquipment 2023-01-31 05886893 core:LandBuildings 2023-01-31 05886893 2022-02-01 2023-01-31 05886893 2023-01-31 05886893 bus:OrdinaryShareClass1 2023-01-31 05886893 core:CurrentFinancialInstruments 2023-01-31 05886893 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 05886893 core:Non-currentFinancialInstruments 2023-01-31 05886893 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 05886893 core:FurnitureFittingsToolsEquipment 2023-01-31 05886893 core:LandBuildings 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05886893

Elmdon Day Nursery (UK) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Elmdon Day Nursery (UK) Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 7

 

Elmdon Day Nursery (UK) Limited

(Registration number: 05886893)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

24,435

15,470

Current assets

 

Debtors

5

51,593

41,621

Cash at bank and in hand

 

391,749

385,606

 

443,342

427,227

Creditors: Amounts falling due within one year

6

(49,979)

(50,605)

Net current assets

 

393,363

376,622

Total assets less current liabilities

 

417,798

392,092

Creditors: Amounts falling due after more than one year

6

(18,225)

(25,680)

Net assets

 

399,573

366,412

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

399,572

366,411

Shareholders' funds

 

399,573

366,412

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 October 2024
 

.........................................
T S Deol
Director

 

Elmdon Day Nursery (UK) Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2353 Coventry Road
Sheldon
Birmingham
B26 3PN

These financial statements were authorised for issue by the director on 22 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

Preparation of the financial statements requires management to make significant judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the change takes place if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Elmdon Day Nursery (UK) Limited

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

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Improvements to leasehold premises

10% per annum on cost

Fixtures and fittings

20% per annum on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Elmdon Day Nursery (UK) Limited

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company under contracts of service (including the director) during the year, was 28 (2023: 26).

 

Elmdon Day Nursery (UK) Limited

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

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

65,344

66,787

132,131

Additions

10,253

4,873

15,126

At 31 January 2024

75,597

71,660

147,257

Depreciation

At 1 February 2023

55,099

61,562

116,661

Charge for the year

2,893

3,268

6,161

At 31 January 2024

57,992

64,830

122,822

Carrying amount

At 31 January 2024

17,605

6,830

24,435

At 31 January 2023

10,245

5,225

15,470

The net book value of land and buildings above represents £17,605 (2023 - £10,245) in respect of improvements to short leasehold land and buildings.
 

5

Debtors

2024
£

2023
£

Prepayments

4,250

5,398

Other debtors

47,343

36,223

51,593

41,621

 

Elmdon Day Nursery (UK) Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

7,777

8,329

Taxation and social security

 

38,759

20,742

Accruals and deferred income

 

800

1,260

Other creditors

 

2,643

20,274

 

49,979

50,605

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

18,225

25,680

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

18,225

25,680

Current loans and borrowings

2024
£

2023
£

Bank borrowings

7,777

8,329

 

Elmdon Day Nursery (UK) Limited

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

9

Dividends

2024

2023

£

£

Interim dividend of £60,000.00 (2023 - £60,000.00) per ordinary share

60,000

60,000

 

 

10

Related party transactions

Director's remuneration

During the year the number of directors who were receiving benefits and share incentives was as follows:

2024
No.

2023
No.

Accruing benefits under money purchase pension scheme

1

1

Loans to related parties

At the end of the reporting period, loans totalling £47,342 (2022: £36,223) were owed by companies controlled by members of the Director’s immediate family. Of these loans, £27,342 (2022: £36,223) is unsecured, subject to interest at 2.5% per annum, and is being repaid by monthly instalments over five years. The remaining £20,000 (2022: £Nil) is secured by a fixed charge, interest-free, and is to be repaid by monthly instalments over three years.