Company registration number 05175281 (England and Wales)
SUNRISE DAY NURSERY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
SUNRISE DAY NURSERY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
SUNRISE DAY NURSERY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,347
7,942
Current assets
Debtors
4
36,168
40,785
Cash at bank and in hand
18,026
36,168
58,811
Creditors: amounts falling due within one year
5
(74,021)
(23,270)
Net current (liabilities)/assets
(37,853)
35,541
Total assets less current liabilities
(34,506)
43,483
Creditors: amounts falling due after more than one year
6
(25,000)
(30,000)
Net (liabilities)/assets
(59,506)
13,483
Capital and reserves
Called up share capital
7
6
6
Profit and loss reserves
(59,512)
13,477
Total equity
(59,506)
13,483
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
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:
Mr I Obhi
Director
Company registration number 05175281 (England and Wales)
SUNRISE DAY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
Sunrise Day Nursery Limited is a private company limited by shares incorporated in England and Wales. The registered office is 88 Hill Village Road, Sutton Coldfield, West Midlands, England, B75 5BE.
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 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
Going concern
The accounts are prepared on the going concern basis on the assumption that the company's creditors continue to provide financial support.
1.3
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Property improvements
20% straight line basis
Toys & Equipment
20% reducing balance
Fixtures and fittings
20% straight line basis
Computers
33% straight line basis
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
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax. Tax is recognised in the profit & loss except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current tax
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 balance sheet date.
SUNRISE DAY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses om 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 is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
1.6
Pension costs and post-retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
8
20
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2023 and 31 March 2024
31,685
154,522
186,207
Depreciation and impairment
At 1 April 2023
29,703
148,562
178,265
Depreciation charged in the year
1,982
2,613
4,595
At 31 March 2024
31,685
151,175
182,860
Carrying amount
At 31 March 2024
3,347
3,347
At 31 March 2023
1,982
5,960
7,942
SUNRISE DAY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
6,000
9,282
Corporation tax recoverable
232
Amounts owed by group undertakings
25,644
31,503
Other debtors
4,292
36,168
40,785
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
20,010
18,872
Trade creditors
24,000
Amounts owed to group undertakings
10,418
Corporation tax
232
Other taxation and social security
16,207
832
Other creditors
3,386
3,334
74,021
23,270
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
25,000
30,000
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
6
6
6
6
8
Ultimate controlling party
The parent company is Obhi Holdings Limited whose registered office is 88 Hill Village Road, Sutton Coldfield B75 5BE.
The directors of the company are it's ultimate controlling party.
9
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
SUNRISE DAY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
9
Directors' transactions
(Continued)
- 5 -
I Obhi
-
(14)
4,306
4,292
(14)
4,306
4,292