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REGISTERED NUMBER: NI635407 (Northern Ireland)















SNUGGLES DAY NURSERY LTD

Unaudited Financial Statements for the Year Ended 31 January 2024






SNUGGLES DAY NURSERY LTD (REGISTERED NUMBER: NI635407)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SNUGGLES DAY NURSERY LTD

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Laura Sykes





REGISTERED OFFICE: 1a Church Avenue
Bangor
Co. Down
BT20 3EQ





REGISTERED NUMBER: NI635407 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

SNUGGLES DAY NURSERY LTD (REGISTERED NUMBER: NI635407)

Statement of Financial Position
31 JANUARY 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Intangible assets 5 - -
Property, plant and equipment 6 17,324 18,000
17,324 18,000

CURRENT ASSETS
Receivables: amounts falling due within
one year

7

211,363

268,165
Cash at bank 5,806 9,766
217,169 277,931
PAYABLES
Amounts falling due within one year 8 (241,060 ) (300,194 )
NET CURRENT LIABILITIES (23,891 ) (22,263 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,567

)

(4,263

)

PAYABLES
Amounts falling due after more than
one year

9

(13,460

)

(23,370

)
NET LIABILITIES (20,027 ) (27,633 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (20,127 ) (27,733 )
SHAREHOLDERS' FUNDS (20,027 ) (27,633 )

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 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.

SNUGGLES DAY NURSERY LTD (REGISTERED NUMBER: NI635407)

Statement of Financial Position - continued
31 JANUARY 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 22 October 2024 and were signed by:





Laura Sykes - Director


SNUGGLES DAY NURSERY LTD (REGISTERED NUMBER: NI635407)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Snuggles Day Nursery Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

The accounting policies detailed below have been applied consistently throughout the year.

Revenue
Revenue comprises the invoice value of services supplied by the company, exclusive of trade discounts and value added tax. Revenue is recognised on the date the company provides its services.

Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Statement of Financial Position and amortised over 5 years.

Property, plant and equipment
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Freehold property20% reducing balance
Fixtures and fittings 25% reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 22 ) .

SNUGGLES DAY NURSERY LTD (REGISTERED NUMBER: NI635407)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 February 2023
and 31 January 2024 118,156
AMORTISATION
At 1 February 2023
and 31 January 2024 118,156
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Long and
property leasehold fittings Totals
£ £ £ £
COST
At 1 February 2023 25,051 - 39,498 64,549
Additions - 1,875 2,510 4,385
At 31 January 2024 25,051 1,875 42,008 68,934
DEPRECIATION
At 1 February 2023 20,247 - 26,302 46,549
Charge for year 961 279 3,821 5,061
At 31 January 2024 21,208 279 30,123 51,610
NET BOOK VALUE
At 31 January 2024 3,843 1,596 11,885 17,324
At 31 January 2023 4,804 - 13,196 18,000

7. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade receivables 211,363 204,136
Other debtors - 64,029
211,363 268,165

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,646 10,646
Trade payables 34,054 16,600
Amounts owed to group undertakings 37,000 25,000
Tax 17,965 13,291
Social security and other taxes 2,545 5,065
Pension 1,120 (4,865 )
Other payables - 103
Directors' current accounts 99,774 196,054
Accruals and deferred income 37,956 38,300
241,060 300,194

SNUGGLES DAY NURSERY LTD (REGISTERED NUMBER: NI635407)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

9. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2024 2023
£ £
Bank loans - 1-2 years 13,460 23,370

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary 1 100 100