Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false312023-04-01No description of principal activity31truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02673123 2023-04-01 2024-03-31 02673123 2022-04-01 2023-03-31 02673123 2024-03-31 02673123 2023-03-31 02673123 c:Director1 2023-04-01 2024-03-31 02673123 d:OfficeEquipment 2023-04-01 2024-03-31 02673123 d:OfficeEquipment 2024-03-31 02673123 d:OfficeEquipment 2023-03-31 02673123 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02673123 d:ComputerEquipment 2023-04-01 2024-03-31 02673123 d:ComputerEquipment 2024-03-31 02673123 d:ComputerEquipment 2023-03-31 02673123 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02673123 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02673123 d:CurrentFinancialInstruments 2024-03-31 02673123 d:CurrentFinancialInstruments 2023-03-31 02673123 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02673123 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02673123 d:RetainedEarningsAccumulatedLosses 2024-03-31 02673123 d:RetainedEarningsAccumulatedLosses 2023-03-31 02673123 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 02673123 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 02673123 c:FRS102 2023-04-01 2024-03-31 02673123 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02673123 c:FullAccounts 2023-04-01 2024-03-31 02673123 c:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 02673123 2 2023-04-01 2024-03-31 02673123 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 02673123









THE EYE NURSERY LTD
(A Company Limited by Guarantee)







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
THE EYE NURSERY LTD
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 02673123

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,757
6,215

  
4,757
6,215

Current assets
  

Debtors: amounts falling due within one year
 5 
28,980
19,918

Cash at bank and in hand
 6 
232,310
290,543

  
261,290
310,461

Creditors: amounts falling due within one year
 7 
(59,008)
(50,661)

Net current assets
  
 
 
202,282
 
 
259,800

Total assets less current liabilities
  
207,039
266,015

Provisions for liabilities
  

Deferred tax
 8 
(904)
(1,224)

  
 
 
(904)
 
 
(1,224)

Net assets
  
206,135
264,791


Capital and reserves
  

Profit and loss account
  
206,135
264,791

  
206,135
264,791


Page 1

 
THE EYE NURSERY LTD
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 02673123
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Pauline Nokes
Director

Date: 20 November 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
THE EYE NURSERY LTD

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The legal form of the entity is limited by guarantee, registered in England and Wales and the registered address of the company is situated at Unit 3 Bradburys Court, Lyon Road, Harrow, Middlesex, HA1 2BY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
THE EYE NURSERY LTD

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
THE EYE NURSERY LTD

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
20%
Computer equipment
-
50%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
THE EYE NURSERY LTD

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 31 (2023 - 31).

Page 6

 
THE EYE NURSERY LTD

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
13,105
6,832
19,937



At 31 March 2024

13,105
6,832
19,937



Depreciation


At 1 April 2023
7,604
6,119
13,723


Charge for the year on owned assets
1,100
357
1,457



At 31 March 2024

8,704
6,476
15,180



Net book value



At 31 March 2024
4,401
356
4,757



At 31 March 2023
5,501
714
6,215


5.


Debtors

2024
2023
£
£


Trade debtors
6,657
433

Other debtors
1,127
-

Prepayments and accrued income
21,196
19,485

28,980
19,918



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
232,310
290,543

232,310
290,543


Page 7

 
THE EYE NURSERY LTD

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
38,254
30,702

Other taxation and social security
9,561
11,727

Other creditors
7,401
4,440

Accruals and deferred income
3,792
3,792

59,008
50,661



8.


Deferred taxation




2024


£






At beginning of year
(1,224)


Charged to profit or loss
320



At end of year
(904)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(904)
(1,224)

(904)
(1,224)



9.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. 


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £9,072 (2023 - £10,046). Contributions totalling £2,554 (2023 - £3,609) were payable to the fund at the reporting date and are included in creditors.

 
Page 8