Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08100587 Miss Reeme Idris Mr Zapher Idris Ms Lorraine Long iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08100587 2023-03-31 08100587 2024-03-31 08100587 2023-04-01 2024-03-31 08100587 frs-core:CurrentFinancialInstruments 2024-03-31 08100587 frs-core:FurnitureFittings 2024-03-31 08100587 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08100587 frs-core:FurnitureFittings 2023-03-31 08100587 frs-core:PlantMachinery 2024-03-31 08100587 frs-core:PlantMachinery 2023-04-01 2024-03-31 08100587 frs-core:PlantMachinery 2023-03-31 08100587 frs-core:ShareCapital 2024-03-31 08100587 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08100587 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08100587 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08100587 frs-bus:SmallEntities 2023-04-01 2024-03-31 08100587 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08100587 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08100587 frs-bus:Director1 2023-04-01 2024-03-31 08100587 frs-bus:Director2 2023-04-01 2024-03-31 08100587 frs-bus:Director3 2023-04-01 2024-03-31 08100587 frs-countries:EnglandWales 2023-04-01 2024-03-31 08100587 2022-03-31 08100587 2023-03-31 08100587 2022-04-01 2023-03-31 08100587 frs-core:CurrentFinancialInstruments 2023-03-31 08100587 frs-core:ShareCapital 2023-03-31 08100587 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08100587
Oxford Day Nursery Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
BUTT & CO ACCOUNTANTS LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08100587
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,086 12,607
10,086 12,607
CURRENT ASSETS
Cash at bank and in hand 25,930 20,366
25,930 20,366
Creditors: Amounts Falling Due Within One Year 5 (25,222 ) (23,440 )
NET CURRENT ASSETS (LIABILITIES) 708 (3,074 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10,794 9,533
NET ASSETS 10,794 9,533
CAPITAL AND RESERVES
Called up share capital 6 150 150
Profit and Loss Account 10,644 9,383
SHAREHOLDERS' FUNDS 10,794 9,533
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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
Ms Lorraine Long
Director
04/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Oxford Day Nursery Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08100587 . The registered office is 1 Oxford Road, Ilford, IG1 2XG.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Plant & Machinery 20% reducing balance
Fixtures & Fittings 20% reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 7)
8 7
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 10,758 33,832 44,590
As at 31 March 2024 10,758 33,832 44,590
Depreciation
As at 1 April 2023 7,721 24,262 31,983
Provided during the period 607 1,914 2,521
As at 31 March 2024 8,328 26,176 34,504
Net Book Value
As at 31 March 2024 2,430 7,656 10,086
As at 1 April 2023 3,037 9,570 12,607
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 2,998 2,823
Other taxes and social security 1,471 1,236
Accruals and deferred income 20,753 19,381
25,222 23,440
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 150 150
7. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 9,000 9,000
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