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Registered number: 06405595
Sunny Days Childrens Nursery Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
CL Accounting (SW) LLP
40 Venn Grove
Plymouth
Devon
PL3 5PH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06405595
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 345,094 353,864
345,094 353,864
CURRENT ASSETS
Debtors 5 123,158 157,675
Cash at bank and in hand 57,641 65,539
180,799 223,214
Creditors: Amounts Falling Due Within One Year 6 (78,424 ) (80,015 )
NET CURRENT ASSETS (LIABILITIES) 102,375 143,199
TOTAL ASSETS LESS CURRENT LIABILITIES 447,469 497,063
Creditors: Amounts Falling Due After More Than One Year 7 (17,514 ) (27,894 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,726 ) (2,252 )
NET ASSETS 428,229 466,917
CAPITAL AND RESERVES
Called up share capital 9 99 99
Profit and Loss Account 428,130 466,818
SHAREHOLDERS' FUNDS 428,229 466,917
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Fiona Webb
Director
29th October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sunny Days Childrens Nursery Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06405595 . The registered office is 38-40 Lickhill Road, Calne, Wiltshire, SN11 9DF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 1.4%
Leasehold 20%
Plant & Machinery 25%
Fixtures & Fittings 25%
Computer Equipment 33% sl
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2023: 25)
24 25
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 410,625 29,335 56,784 9,072 505,816
Additions - - 613 2,018 2,631
As at 31 March 2024 410,625 29,335 57,397 11,090 508,447
Depreciation
As at 1 April 2023 75,248 22,106 48,574 6,024 151,952
Provided during the period 4,695 1,446 2,206 3,054 11,401
As at 31 March 2024 79,943 23,552 50,780 9,078 163,353
Net Book Value
As at 31 March 2024 330,682 5,783 6,617 2,012 345,094
As at 1 April 2023 335,377 7,229 8,210 3,048 353,864
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors (1 ) 63
Prepayments and accrued income 19,169 15,178
Other debtors 13,799 35,639
Directors' loan accounts 90,191 106,795
123,158 157,675
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 28,408 27,234
Bank loans and overdrafts 11,500 11,500
Corporation tax (2,025 ) 16,132
Other taxes and social security 4,867 6,339
Other creditors 896 -
Accruals and deferred income 34,778 18,810
78,424 80,015
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 17,514 27,894
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8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 17,723 24,218
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 99 99
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Ms Hilary Sharples 56,490 1,147 11,062 - 46,575
Mrs Fiona Webb 50,305 3,264 9,952 - 43,617
Interest has been charged on the above loan
11. Controlling Party
The company's controlling party is shared by both directors by virtue of their ownership of the issued share capital in the company.
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