Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Lesley Diane Spence 03/09/2013 Dr Richard William Spence 21/10/2016 22 October 2024 The principal activity of the Company during the financial year was pre-primary education. 08674676 2024-03-31 08674676 bus:Director1 2024-03-31 08674676 bus:Director2 2024-03-31 08674676 2023-03-31 08674676 core:CurrentFinancialInstruments 2024-03-31 08674676 core:CurrentFinancialInstruments 2023-03-31 08674676 core:ShareCapital 2024-03-31 08674676 core:ShareCapital 2023-03-31 08674676 core:RetainedEarningsAccumulatedLosses 2024-03-31 08674676 core:RetainedEarningsAccumulatedLosses 2023-03-31 08674676 core:LeaseholdImprovements 2023-03-31 08674676 core:PlantMachinery 2023-03-31 08674676 core:Vehicles 2023-03-31 08674676 core:FurnitureFittings 2023-03-31 08674676 core:OfficeEquipment 2023-03-31 08674676 core:LeaseholdImprovements 2024-03-31 08674676 core:PlantMachinery 2024-03-31 08674676 core:Vehicles 2024-03-31 08674676 core:FurnitureFittings 2024-03-31 08674676 core:OfficeEquipment 2024-03-31 08674676 2023-04-01 2024-03-31 08674676 bus:FilletedAccounts 2023-04-01 2024-03-31 08674676 bus:SmallEntities 2023-04-01 2024-03-31 08674676 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08674676 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08674676 bus:Director1 2023-04-01 2024-03-31 08674676 bus:Director2 2023-04-01 2024-03-31 08674676 core:LeaseholdImprovements core:TopRangeValue 2023-04-01 2024-03-31 08674676 core:PlantMachinery core:TopRangeValue 2023-04-01 2024-03-31 08674676 core:Vehicles core:TopRangeValue 2023-04-01 2024-03-31 08674676 core:FurnitureFittings 2023-04-01 2024-03-31 08674676 core:OfficeEquipment 2023-04-01 2024-03-31 08674676 2022-04-01 2023-03-31 08674676 core:LeaseholdImprovements 2023-04-01 2024-03-31 08674676 core:PlantMachinery 2023-04-01 2024-03-31 08674676 core:Vehicles 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 08674676 (England and Wales)

LOGAN ROAD DAY NURSERY LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

LOGAN ROAD DAY NURSERY LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

LOGAN ROAD DAY NURSERY LIMITED

BALANCE SHEET

As at 31 March 2024
LOGAN ROAD DAY NURSERY LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 146,123 109,564
146,123 109,564
Current assets
Stocks 150 150
Debtors 4 112,089 116,370
Cash at bank and in hand 259,113 373,491
371,352 490,011
Creditors: amounts falling due within one year 5 ( 69,690) ( 78,031)
Net current assets 301,662 411,980
Total assets less current liabilities 447,785 521,544
Provision for liabilities ( 21,650) ( 16,944)
Net assets 426,135 504,600
Capital and reserves
Called-up share capital 100 100
Profit and loss account 426,035 504,500
Total shareholders' funds 426,135 504,600

For the financial 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.

Directors' responsibilities:

The financial statements of Logan Road Day Nursery Limited (registered number: 08674676) were approved and authorised for issue by the Board of Directors on 22 October 2024. They were signed on its behalf by:

Lesley Diane Spence
Director
LOGAN ROAD DAY NURSERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
LOGAN ROAD DAY NURSERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Logan Road Day Nursery Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5th Floor 25 King Street, Bristol, BS1 4PB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Turnover consists of income earned from the provision of services together with additional funding as supplied by supporting authorities.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 10 years straight line
Plant and machinery 4 years straight line
Vehicles 5 years straight line
Fixtures and fittings 20 % reducing balance
Office equipment 33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at cost. Cost includes consumables purchased to enable the provision of childcare to customers. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 44 43

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £ £
Cost
At 01 April 2023 185,677 43,936 21,620 24,407 17,794 293,434
Additions 10,563 0 59,417 0 0 69,980
Disposals ( 5,000) 0 ( 21,620) 0 0 ( 26,620)
At 31 March 2024 191,240 43,936 59,417 24,407 17,794 336,794
Accumulated depreciation
At 01 April 2023 96,699 38,486 17,296 16,636 14,753 183,870
Charge for the financial year 19,031 1,912 6,092 1,554 1,003 29,592
Disposals ( 3,333) 0 ( 19,458) 0 0 ( 22,791)
At 31 March 2024 112,397 40,398 3,930 18,190 15,756 190,671
Net book value
At 31 March 2024 78,843 3,538 55,487 6,217 2,038 146,123
At 31 March 2023 88,978 5,450 4,324 7,771 3,041 109,564

4. Debtors

2024 2023
£ £
Trade debtors 894 1,093
Corporation tax 3,343 0
Other debtors 107,852 115,277
112,089 116,370

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 2,858 2,063
Taxation and social security 10,383 13,340
Other creditors 56,449 62,628
69,690 78,031

6. Related party transactions

Transactions with the entity's directors

Advances

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 April 2023, the balance owed by the directors was £78,237. During the year, £61,984 was advanced to the directors, and £64,312 was repaid by the directors. At 31 March 2024, the balance owed by the directors was £75,909.

At 1 April 2022, the balance owed by the directors was £71,675. During the year, £54,712 was advanced to the directors, and £48,150 was repaid by the directors. At 31 March 2023, the balance owed by the directors was £78,237.