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REGISTERED NUMBER: 04825218 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Oakfield Nursery School Limited

Oakfield Nursery School Limited (Registered number: 04825218)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Oakfield Nursery School Limited (Registered number: 04825218)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 127,330 139,586
Investments 6 1 1
127,331 139,587

CURRENT ASSETS
Stocks 8,940 8,940
Debtors 7 1,210,419 1,207,933
Cash at bank and in hand 205,662 150,031
1,425,021 1,366,904
CREDITORS
Amounts falling due within one year 8 215,137 152,824
NET CURRENT ASSETS 1,209,884 1,214,080
TOTAL ASSETS LESS CURRENT LIABILITIES 1,337,215 1,353,667

PROVISIONS FOR LIABILITIES 9 31,833 26,173
NET ASSETS 1,305,382 1,327,494

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,305,282 1,327,394
SHAREHOLDERS' FUNDS 1,305,382 1,327,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Oakfield Nursery School Limited (Registered number: 04825218)

Balance Sheet - continued
31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 November 2024 and were signed by:





Mrs R Moriarty - Director


Oakfield Nursery School Limited (Registered number: 04825218)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Oakfield Nursery School Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04825218

Registered office: Spring Court
Spring Road
Hale
Cheshire
WA14 2UQ

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents gross fees receivable and is recognised in the period to which it relates.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in the year, is being written off evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold Improvements - Straight line over 10 years
Playground equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Oakfield Nursery School Limited (Registered number: 04825218)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 61 (2023 - 61 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 300,000
AMORTISATION
At 1 April 2023
and 31 March 2024 300,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Oakfield Nursery School Limited (Registered number: 04825218)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Playground and
Improvements equipment fittings
£    £    £   
COST
At 1 April 2023 117,274 10,787 376,800
Additions 8,905 - 11,159
Disposals - - -
At 31 March 2024 126,179 10,787 387,959
DEPRECIATION
At 1 April 2023 91,360 6,098 270,026
Charge for year 12,618 703 17,690
Eliminated on disposal - - -
At 31 March 2024 103,978 6,801 287,716
NET BOOK VALUE
At 31 March 2024 22,201 3,986 100,243
At 31 March 2023 25,914 4,689 106,774

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 20,099 19,501 544,461
Additions - - 20,064
Disposals (20,099 ) - (20,099 )
At 31 March 2024 - 19,501 544,426
DEPRECIATION
At 1 April 2023 19,898 17,493 404,875
Charge for year - 1,108 32,119
Eliminated on disposal (19,898 ) - (19,898 )
At 31 March 2024 - 18,601 417,096
NET BOOK VALUE
At 31 March 2024 - 900 127,330
At 31 March 2023 201 2,008 139,586

Oakfield Nursery School Limited (Registered number: 04825218)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,210,419 1,207,933

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 193,992 129,095
Other creditors 21,145 23,729
215,137 152,824

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 31,833 26,173

Deferred
tax
£   
Balance at 1 April 2023 26,173
Charge to Profit and Loss Account during year 5,660
Balance at 31 March 2024 31,833