Registered number
SC397792
Fenton Barns Nursery Ltd
Filleted Accounts
31 July 2024
Fenton Barns Nursery Ltd
Registered number: SC397792
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 40,119 49,129
Current assets
Debtors 4 6,763 5,185
Cash at bank and in hand 78,797 71,971
85,560 77,156
Creditors: amounts falling due within one year 5 (41,353) (74,880)
Net current assets 44,207 2,276
Total assets less current liabilities 84,326 51,405
Creditors: amounts falling due after more than one year 6 (15,712) (23,534)
Provisions for liabilities (7,622) (9,334)
Net assets 60,992 18,537
Capital and reserves
Called up share capital 100 100
Profit and loss account 60,892 18,437
Shareholders' funds 60,992 18,537
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Caroline Freeman
Director
Approved by the board on 25 October 2024
Fenton Barns Nursery Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Tenants improvements over the lease term
Fixtures, fittings, tools and equipment over 3 or 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 37 38
3 Tangible fixed assets
Land and buildings Plant and machinery etc Computer equipment Total
£ £ £ £
Cost
At 1 August 2023 72,896 57,433 5,027 135,356
Additions - 697 1,624 2,321
Disposals - - (982) (982)
At 31 July 2024 72,896 58,130 5,669 136,695
Depreciation
At 1 August 2023 33,402 48,610 4,215 86,227
Charge for the year 5,642 4,334 1,354 11,330
On disposals - - (981) (981)
At 31 July 2024 39,044 52,944 4,588 96,576
Net book value
At 31 July 2024 33,852 5,186 1,081 40,119
At 31 July 2023 39,494 8,823 812 49,129
4 Debtors 2024 2023
£ £
Other debtors 6,763 5,185
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,600 7,600
Trade creditors 11,342 7,552
Taxation and social security costs 13,927 6,532
Other creditors 8,484 53,196
41,353 74,880
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,712 23,534
7 Other information
Fenton Barns Nursery Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
Fenton Barns
North Berwick
East Lothian
EH39 5BW
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