Company registration number 07736660 (England and Wales)
PUMP FARM DAY NURSERY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
PUMP FARM DAY NURSERY LTD
COMPANY INFORMATION
Directors
Mrs M Delicata
(Appointed 31 May 2023)
Mr L Delicata
(Appointed 31 May 2023)
Company number
07736660
Registered office
The Courtyard
9 Lincoln Road
Tuxford
Newark
Nottinghamshire
United Kingdom
NG22 0HS
Accountants
Business Orchard LLP
3a Chestnut House
Farm Close
Shenley
Hertfordshire
United Kingdom
WD7 9AD
PUMP FARM DAY NURSERY LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
PUMP FARM DAY NURSERY LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
14,582
25,204
Current assets
Stocks
-
1,505
Debtors
5
156,691
4,309
Cash at bank and in hand
9,981
116,033
166,672
121,847
Creditors: amounts falling due within one year
6
(48,040)
(39,330)
Net current assets
118,632
82,517
Total assets less current liabilities
133,214
107,721
Provisions for liabilities
(2,361)
Net assets
130,853
107,721
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
130,851
107,719
Total equity
130,853
107,721
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 27 November 2024 and are signed on its behalf by:
Mrs M Delicata
Director
Company registration number 07736660 (England and Wales)
PUMP FARM DAY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
Pump Farm Day Nursery Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Courtyard, 9 Lincoln Road, Tuxford, Newark, Nottinghamshire, United Kingdom, NG22 0HS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and 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.
1.3
Intangible fixed assets other than goodwill
Intangible assets were previously fully amortised and so have been written off in the year ending 31 March 2024.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings
33% Reducing Balance
Plant and equipment
25% Straight Line
Fixtures and fittings
25% Straight Line
Computers
33% Straight Line
Motor vehicles
20% Straight Line
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.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
PUMP FARM DAY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.7
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
18
16
PUMP FARM DAY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
3
Intangible fixed assets
Intangible Asset
£
Cost
At 1 April 2023
821
Disposals
(821)
At 31 March 2024
Amortisation and impairment
At 1 April 2023
821
Disposals
(821)
At 31 March 2024
Carrying amount
At 31 March 2024
At 31 March 2023
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2023
11,784
105,761
117,545
Additions
12,508
12,508
Disposals
(11,784)
(75,713)
(87,497)
At 31 March 2024
42,556
42,556
Depreciation and impairment
At 1 April 2023
8,555
83,786
92,341
Depreciation charged in the year
269
11,990
12,259
Eliminated in respect of disposals
(8,824)
(67,802)
(76,626)
At 31 March 2024
27,974
27,974
Carrying amount
At 31 March 2024
14,582
14,582
At 31 March 2023
3,229
21,975
25,204
PUMP FARM DAY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1
268
Other debtors
156,690
4,041
156,691
4,309
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,470
Corporation tax
9,814
22,595
Other taxation and social security
10,892
2,462
Other creditors
24,864
14,273
48,040
39,330