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Registration number: 07456790

The Wendy House Day Nursery Impington Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 July 2024

 

The Wendy House Day Nursery Impington Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 7

 

The Wendy House Day Nursery Impington Limited

(Registration number: 07456790)
Abridged Balance Sheet as at 30 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

32,754

35,813

Current assets

 

Debtors

163,637

42,153

Cash at bank and in hand

 

100,436

82,169

 

264,073

124,322

Prepayments and accrued income

 

27,967

2,367

Creditors: Amounts falling due within one year

(168,139)

(109,945)

Net current assets

 

123,901

16,744

Total assets less current liabilities

 

156,655

52,557

Provisions for liabilities

(7,816)

(8,493)

Accruals and deferred income

 

(106,373)

(15,927)

Net assets

 

42,466

28,137

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

42,366

28,037

Shareholders' funds

 

42,466

28,137

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 Impington Limited

(Registration number: 07456790)
Abridged Balance Sheet as at 30 July 2024

.........................................
Ms Jacquie Claire Ellison
Director

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

 

The Wendy House Day Nursery Impington 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:
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.

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 profit and loss for the month the service was carried out. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

 

The Wendy House Day Nursery Impington Limited

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

2

Accounting policies (continued)

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 and fittings

25% reducing balance

Computer equipment

25% straight line

Leasehold improvements

Over the terms of the lease

Cash and cash equivalents

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

 

The Wendy House Day Nursery Impington Limited

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

2

Accounting policies (continued)

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 32 (2023 - 33).

 

The Wendy House Day Nursery Impington Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Properties under construction
 £

Total
£

Cost or valuation

At 31 July 2023

30,172

40,085

70,257

Additions

2,583

2,406

4,989

At 30 July 2024

32,755

42,491

75,246

Depreciation

At 31 July 2023

18,718

15,726

34,444

Charge for the year

3,743

4,305

8,048

At 30 July 2024

22,461

20,031

42,492

Carrying amount

At 30 July 2024

10,294

22,460

32,754

At 30 July 2023

11,454

24,359

35,813

5

Creditors

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

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 £413,334 (2023 - £493,334). This is in relation to the lease of the business' premises which expires on 15th September 2029.

 

The Wendy House Day Nursery Impington 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
£

Ms Jacquie Claire Ellison

-

97,785

(97,785)

-

Mr Matthew James Darby

-

202

(202)

-

2023

At 31 July 2022
£

Advances to director
£

Repayments by director
£

At 30 July 2023
£

Ms Jacquie Claire Ellison

-

106,728

(106,728)

-

Mr Matthew James Darby

-

375

(375)

-

Summary of transactions with parent

At the balance sheet date the company was owed £151,596 (2023: £29,920) by 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 Mr M Darby and Ms J Ellison by virtue of their equal shareholding in the parent company.