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REGISTERED NUMBER: 04438698 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

SANDFIELD DAY NURSERY LIMITED

SANDFIELD DAY NURSERY LIMITED (REGISTERED NUMBER: 04438698)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

SANDFIELD DAY NURSERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: N Begum
S Begum
S Majid



SECRETARY: N Begum



REGISTERED OFFICE: 4 Wellington Circus
Nottingham
Nottinghamshire
NG1 5AL



REGISTERED NUMBER: 04438698 (England and Wales)



ACCOUNTANTS: David Rice Associates Ltd
Chartered Certified Accountants
4 Wellington Circus
Nottingham
Nottinghamshire
NG1 5AL



BANKERS: NatWest Bank plc
536 Valley Road
Basford
Nottingham
NG5 1JJ

SANDFIELD DAY NURSERY LIMITED (REGISTERED NUMBER: 04438698)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 131,307 144,464
Investment property 5 1,267,000 1,260,000
1,398,307 1,404,464

CURRENT ASSETS
Debtors 6 7,327 7,466
Cash at bank 446,244 356,128
453,571 363,594
CREDITORS
Amounts falling due within one year 7 55,161 44,950
NET CURRENT ASSETS 398,410 318,644
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,796,717

1,723,108

CREDITORS
Amounts falling due after more than one year 8 (10,683 ) (20,872 )

PROVISIONS FOR LIABILITIES 10 (175,385 ) (141,901 )

ACCRUALS AND DEFERRED INCOME (27,540 ) (32,150 )
NET ASSETS 1,583,109 1,528,185

CAPITAL AND RESERVES
Called up share capital 11 300 300
Retained earnings 1,582,809 1,527,885
SHAREHOLDERS' FUNDS 1,583,109 1,528,185

SANDFIELD DAY NURSERY LIMITED (REGISTERED NUMBER: 04438698)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:





N Begum - Director


SANDFIELD DAY NURSERY LIMITED (REGISTERED NUMBER: 04438698)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Sandfield Day Nursery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents nursery fees invoiced and other related income. The activities of the company are exempt from VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Government grants
Government grants received in respect of revenue funding are credited to the profit and loss account in the period in which they are received. Grants received in respect of the capital construction of the freehold property are treated as deferred liabilities and credited to the profit and loss account at the same rate as the freehold is depreciated, namely 4% per annum. Grants received to fund capital equipment costs are also treated as deferred liabilities and amortised to the profit and loss account at the same rate as the depreciation on the asset so funded.

SANDFIELD DAY NURSERY LIMITED (REGISTERED NUMBER: 04438698)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 356,423 77,869 4,714 439,006
Additions - 165 1,059 1,224
At 31 May 2024 356,423 78,034 5,773 440,230
DEPRECIATION
At 1 June 2023 216,757 74,182 3,603 294,542
Charge for year 13,101 936 344 14,381
At 31 May 2024 229,858 75,118 3,947 308,923
NET BOOK VALUE
At 31 May 2024 126,565 2,916 1,826 131,307
At 31 May 2023 139,666 3,687 1,111 144,464

Included in cost of land and buildings is freehold land of £ 30,000 (2023 - £ 30,000 ) which is not depreciated.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 1,260,000
Additions 7,000
At 31 May 2024 1,267,000
NET BOOK VALUE
At 31 May 2024 1,267,000
At 31 May 2023 1,260,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2023 696,798
Cost 570,202
1,267,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,228 2,815
Other debtors 5,099 4,651
7,327 7,466

SANDFIELD DAY NURSERY LIMITED (REGISTERED NUMBER: 04438698)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,946 13,558
Trade creditors - 922
Taxation and social security 38,200 25,500
Other creditors 7,015 4,970
55,161 44,950

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,683 20,872

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 20,629 34,430

The bank loan and overdraft are secured by a mortgage over the freehold property and the general assets and undertaking of the company.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 175,385 141,901

Deferred
tax
£   
Balance at 1 June 2023 141,901
Charge to Statement of Income and Retained Earnings during year 33,484
Balance at 31 May 2024 175,385

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
300 Ordinary £1 300 300

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SANDFIELD DAY NURSERY LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sandfield Day Nursery Limited for the year ended 31 May 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Sandfield Day Nursery Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sandfield Day Nursery Limited and state those matters that we have agreed to state to the Board of Directors of Sandfield Day Nursery Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sandfield Day Nursery Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sandfield Day Nursery Limited. You consider that Sandfield Day Nursery Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sandfield Day Nursery Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






David Rice Associates Ltd
Chartered Certified Accountants
4 Wellington Circus
Nottingham
Nottinghamshire
NG1 5AL


11 November 2024