The Wendy House Day Nursery Limited 04840489 false 2023-07-31 2024-07-30 2024-07-30 The principal activity of the company is continued that of a children's day nursery and pre-school. Digita Accounts Production Advanced 6.30.9574.0 true false 04840489 2023-07-31 2024-07-30 04840489 2024-07-30 04840489 bus:CompanySecretaryDirector1 1 2024-07-30 04840489 bus:Director1 1 2024-07-30 04840489 bus:OrdinaryShareClass1 2024-07-30 04840489 core:RetainedEarningsAccumulatedLosses 2024-07-30 04840489 core:ShareCapital 2024-07-30 04840489 core:CurrentFinancialInstruments 2024-07-30 04840489 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-30 04840489 core:FurnitureFittingsToolsEquipment 2024-07-30 04840489 core:LandBuildings 2024-07-30 04840489 core:OtherPropertyPlantEquipment 2024-07-30 04840489 bus:SmallEntities 2023-07-31 2024-07-30 04840489 bus:AuditExemptWithAccountantsReport 2023-07-31 2024-07-30 04840489 bus:FilletedAccounts 2023-07-31 2024-07-30 04840489 bus:SmallCompaniesRegimeForAccounts 2023-07-31 2024-07-30 04840489 bus:RegisteredOffice 2023-07-31 2024-07-30 04840489 bus:CompanySecretaryDirector1 2023-07-31 2024-07-30 04840489 bus:CompanySecretaryDirector1 1 2023-07-31 2024-07-30 04840489 bus:Director1 2023-07-31 2024-07-30 04840489 bus:Director1 1 2023-07-31 2024-07-30 04840489 bus:OrdinaryShareClass1 2023-07-31 2024-07-30 04840489 bus:PrivateLimitedCompanyLtd 2023-07-31 2024-07-30 04840489 core:FurnitureFittings 2023-07-31 2024-07-30 04840489 core:FurnitureFittingsToolsEquipment 2023-07-31 2024-07-30 04840489 core:LandBuildings 2023-07-31 2024-07-30 04840489 core:LeaseholdImprovements 2023-07-31 2024-07-30 04840489 core:OfficeEquipment 2023-07-31 2024-07-30 04840489 core:OtherPropertyPlantEquipment 2023-07-31 2024-07-30 04840489 core:PlantMachinery 2023-07-31 2024-07-30 04840489 core:ParentEntities 2023-07-31 2024-07-30 04840489 1 2023-07-31 2024-07-30 04840489 countries:EnglandWales 2023-07-31 2024-07-30 04840489 2023-07-30 04840489 bus:CompanySecretaryDirector1 1 2023-07-30 04840489 bus:Director1 1 2023-07-30 04840489 core:FurnitureFittingsToolsEquipment 2023-07-30 04840489 core:LandBuildings 2023-07-30 04840489 core:OtherPropertyPlantEquipment 2023-07-30 04840489 2022-07-31 2023-07-30 04840489 2023-07-30 04840489 bus:CompanySecretaryDirector1 1 2023-07-30 04840489 bus:Director1 1 2023-07-30 04840489 bus:OrdinaryShareClass1 2023-07-30 04840489 core:RetainedEarningsAccumulatedLosses 2023-07-30 04840489 core:ShareCapital 2023-07-30 04840489 core:CurrentFinancialInstruments 2023-07-30 04840489 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-30 04840489 core:FurnitureFittingsToolsEquipment 2023-07-30 04840489 core:LandBuildings 2023-07-30 04840489 core:OtherPropertyPlantEquipment 2023-07-30 04840489 bus:CompanySecretaryDirector1 1 2022-07-31 2023-07-30 04840489 bus:Director1 1 2022-07-31 2023-07-30 04840489 bus:CompanySecretaryDirector1 1 2022-07-30 04840489 bus:Director1 1 2022-07-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04840489

The Wendy House Day Nursery Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 July 2024

 

The Wendy House Day Nursery Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 7

 

The Wendy House Day Nursery Limited

(Registration number: 04840489)
Abridged Balance Sheet as at 30 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

39,789

56,256

Current assets

 

Debtors

139,783

31,830

Cash at bank and in hand

 

77,836

73,722

 

217,619

105,552

Prepayments and accrued income

 

21,046

1,465

Creditors: Amounts falling due within one year

5.1

(152,820)

(93,767)

Net current assets

 

85,845

13,250

Total assets less current liabilities

 

125,634

69,506

Provisions for liabilities

(8,910)

(13,727)

Accruals and deferred income

 

(85,212)

(12,963)

Net assets

 

31,512

42,816

Capital and reserves

 

Called up share capital

6

4

4

Retained earnings

31,508

42,812

Shareholders' funds

 

31,512

42,816

For the financial year ending 30 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 October 2024 and signed on its behalf by:
 

 

The Wendy House Day Nursery Limited

(Registration number: 04840489)
Abridged Balance Sheet as at 30 July 2024

.........................................
Mr Matthew James Darby
Director

.........................................
Ms Jacquie Claire Ellison
Company secretary and director

 

The Wendy House Day Nursery Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 July 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:
East Suite
Manor Farm Business Park
Shingay Cum Wendy Royston
Hertfordshire
SG8 0HW

These financial statements were authorised for issue by the Board on 28 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 abridged 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 abridged financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities including government funding for childcare which is recognised in the month the service was carried out.

 

The Wendy House Day Nursery Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 July 2024

Government grants

Grants relating to revenue are recognised in income on a systematic basis over the periods in which the business recognises related costs which the grant is intended to compensate.

A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

Fixtures & fittings

25% Reducing Balance

Short leasehold improvement

Over the terms of the lease

Office equipment

25% Straight Line

Plant and machinery

25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

 

The Wendy House Day Nursery Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 July 2024

Trade debtors

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

Trade debtors are recognised at the transaction price.

Trade debtors are reviewed for bad debts on an annual basis. Any adjustment is made accordingly
through the profit and loss account.

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 at the transaction price.

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 (including directors) during the year, was 27 (2023 - 26).

 

The Wendy House Day Nursery Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 July 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 31 July 2023

92,738

96,587

8,015

197,340

Additions

2,564

2,168

-

4,732

At 30 July 2024

95,302

98,755

8,015

202,072

Depreciation

At 31 July 2023

58,511

79,246

3,327

141,084

Charge for the year

14,159

5,037

2,003

21,199

At 30 July 2024

72,670

84,283

5,330

162,283

Carrying amount

At 30 July 2024

22,632

14,472

2,685

39,789

At 30 July 2023

34,227

17,341

4,688

56,256

Included within the net book value of land and buildings above is £22,632 (2023 - £34,226) in respect of short leasehold land and buildings.
 

5

Creditors

Creditors: amounts falling due within one year

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

4

4

4

4

       

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £81,938 (2023 - £133,688). This is in relation to the business' premises lease which expires on 28th February 2026.

 

The Wendy House Day Nursery Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 July 2024

8

Related party transactions

Transactions with directors

2024

At 31 July 2023
£

Advances to director
£

Repayments by director
£

At 30 July 2024
£

Mr Matthew James Darby

-

7,785

(7,785)

-

Ms Jacquie Claire Ellison

-

90,000

(90,000)

-

2023

At 31 July 2022
£

Advances to director
£

Repayments by director
£

At 30 July 2023
£

Mr Matthew James Darby

-

96,452

(96,452)

-

Ms Jacquie Claire Ellison

-

9,540

(9,540)

-

Summary of transactions with parent

At the balance sheet date the company was owed £139,452 (2023 - £26,026) from Wendy House Holdings Limited, the parent company. This loan is provided interest free and is repayable on demand.
 

9

Ultimate controlling party

The ultimate controlling party is jointly controlled by both directors by virtue of their equal shareholdings in the parent company.