Company registration number 05271273 (England and Wales)
PAPER MOON DAY NURSERIES (MANSFIELD) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
PAPER MOON DAY NURSERIES (MANSFIELD) LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
PAPER MOON DAY NURSERIES (MANSFIELD) LTD
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
644,498
649,793
Current assets
Stocks
1,000
1,000
Debtors
4
1,201,812
1,793,492
Cash at bank and in hand
28,524
-
0
1,231,336
1,794,492
Creditors: amounts falling due within one year
5
(270,913)
(520,575)
Net current assets
960,423
1,273,917
Total assets less current liabilities
1,604,921
1,923,710
Creditors: amounts falling due after more than one year
6
(106,961)
(148,327)
Provisions for liabilities
(84)
-
0
Net assets
1,497,876
1,775,383
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
1,497,874
1,775,381
Total equity
1,497,876
1,775,383

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

PAPER MOON DAY NURSERIES (MANSFIELD) LTD
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 10 October 2024 and are signed on its behalf by:
D Mayfield
Director
Company registration number 05271273 (England and Wales)
PAPER MOON DAY NURSERIES (MANSFIELD) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
1
Accounting policies
Company information

Paper Moon Day Nurseries (Mansfield) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 2 Lace Market Square, Nottingham, NG1 1PB. The company registration number is 05271273.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% straight line
Fixtures and fittings
20% straight line
Computers
33.33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

 

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments
Basic financial assets

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

PAPER MOON DAY NURSERIES (MANSFIELD) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest method. Loans and borrowings that are receivable within one year are not discounted. If an arrangement constitutes a finance transaction it is measured at present value of future payments discounted at a market rate of interest for a similar loan.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
58
53
PAPER MOON DAY NURSERIES (MANSFIELD) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
3
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 May 2023
842,070
167,234
1,501
1,010,805
Additions
-
0
13,268
-
0
13,268
At 30 April 2024
842,070
180,502
1,501
1,024,073
Depreciation and impairment
At 1 May 2023
203,489
156,022
1,501
361,012
Depreciation charged in the year
14,541
4,022
-
0
18,563
At 30 April 2024
218,030
160,044
1,501
379,575
Carrying amount
At 30 April 2024
624,040
20,458
-
0
644,498
At 30 April 2023
638,581
11,212
-
0
649,793
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,125
7,380
Other debtors
1,200,687
1,786,112
1,201,812
1,793,492
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
38,793
116,598
Trade creditors
4,367
8,958
Corporation tax
43,907
145,104
Other taxation and social security
17,138
107,844
Other creditors
10,934
6,465
Accruals and deferred income
155,774
135,606
270,913
520,575
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
106,961
148,327
PAPER MOON DAY NURSERIES (MANSFIELD) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 6 -
7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
20,152
40,304
2024-04-302023-05-01false10 October 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityD MayfieldK PalmerA Hillfalsefalse052712732023-05-012024-04-30052712732024-04-30052712732023-04-3005271273core:LandBuildingscore:OwnedOrFreeholdAssets2024-04-3005271273core:FurnitureFittings2024-04-3005271273core:ComputerEquipment2024-04-3005271273core:LandBuildingscore:OwnedOrFreeholdAssets2023-04-3005271273core:FurnitureFittings2023-04-3005271273core:ComputerEquipment2023-04-3005271273core:CurrentFinancialInstrumentscore:WithinOneYear2024-04-3005271273core:CurrentFinancialInstrumentscore:WithinOneYear2023-04-3005271273core:Non-currentFinancialInstrumentscore:AfterOneYear2024-04-3005271273core:Non-currentFinancialInstrumentscore:AfterOneYear2023-04-3005271273core:CurrentFinancialInstruments2024-04-3005271273core:CurrentFinancialInstruments2023-04-3005271273core:ShareCapital2024-04-3005271273core:ShareCapital2023-04-3005271273core:RetainedEarningsAccumulatedLosses2024-04-3005271273core:RetainedEarningsAccumulatedLosses2023-04-3005271273bus:Director12023-05-012024-04-3005271273core:LandBuildingscore:OwnedOrFreeholdAssets2023-05-012024-04-3005271273core:FurnitureFittings2023-05-012024-04-3005271273core:ComputerEquipment2023-05-012024-04-30052712732022-05-012023-04-3005271273core:LandBuildingscore:OwnedOrFreeholdAssets2023-04-3005271273core:FurnitureFittings2023-04-3005271273core:ComputerEquipment2023-04-30052712732023-04-3005271273core:Non-currentFinancialInstruments2024-04-3005271273core:Non-currentFinancialInstruments2023-04-3005271273bus:PrivateLimitedCompanyLtd2023-05-012024-04-3005271273bus:SmallCompaniesRegimeForAccounts2023-05-012024-04-3005271273bus:FRS1022023-05-012024-04-3005271273bus:AuditExemptWithAccountantsReport2023-05-012024-04-3005271273bus:Director22023-05-012024-04-3005271273bus:Director32023-05-012024-04-3005271273bus:FullAccounts2023-05-012024-04-30xbrli:purexbrli:sharesiso4217:GBP