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REGISTERED NUMBER: 09447053 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Adorable Nurseries Limited

Adorable Nurseries Limited (Registered number: 09447053)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Adorable Nurseries Limited

Company Information
for the year ended 29 February 2024







DIRECTORS: Mrs H S MacIntyre
Mr A H MacIntyre





REGISTERED OFFICE: Pacioli House
9 Brookfied, Duncan Cloase
Moulton Park
Northampton
Northamptonshire
NN3 6WL





REGISTERED NUMBER: 09447053 (England and Wales)





ACCOUNTANTS: Clifford Roberts
Chartered Accountants
Pacioli House
9 Brookfield
Duncan Close
Northampton
Northamptonshire
NN3 6WL

Adorable Nurseries Limited (Registered number: 09447053)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 153,040 84,383

CURRENT ASSETS
Debtors 5 22,508 29,341
Cash at bank and in hand 10,761 48,134
33,269 77,475
CREDITORS
Amounts falling due within one year 6 73,524 100,755
NET CURRENT LIABILITIES (40,255 ) (23,280 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,785

61,103

CREDITORS
Amounts falling due after more than one
year

7

(98,059

)

(26,000

)

PROVISIONS FOR LIABILITIES (7,916 ) (2,176 )
NET ASSETS 6,810 32,927

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 6,809 32,926
SHAREHOLDERS' FUNDS 6,810 32,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Adorable Nurseries Limited (Registered number: 09447053)

Balance Sheet - continued
29 February 2024


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 28 November 2024 and were signed on its behalf by:





Mrs H S MacIntyre - Director


Adorable Nurseries Limited (Registered number: 09447053)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Adorable Nurseries 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.

15-17 London Road, Stony Stratford, Milton Keynes, MK11 1JA.

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.

The financial statements are presented in sterling (£) and cover the period to the end of February each year.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration recieved or receivable in relation to the services provided, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short Leasehold - 10% Straight line
Fixtures and fittings - 20% Straight Line
Computer Equipment - 25% Straight Line
Motor Vehicles - 10% Straight Line

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 balance sheet date.

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 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.

Adorable Nurseries Limited (Registered number: 09447053)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 176,716 149,427 - - 326,143
Additions 4,000 4,330 97,644 4,231 110,205
At 29 February 2024 180,716 153,757 97,644 4,231 436,348
DEPRECIATION
At 1 March 2023 101,037 140,723 - - 241,760
Charge for year 17,672 3,518 19,529 829 41,548
At 29 February 2024 118,709 144,241 19,529 829 283,308
NET BOOK VALUE
At 29 February 2024 62,007 9,516 78,115 3,402 153,040
At 28 February 2023 75,679 8,704 - - 84,383

Adorable Nurseries Limited (Registered number: 09447053)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 97,644
At 29 February 2024 97,644
DEPRECIATION
Charge for year 19,529
At 29 February 2024 19,529
NET BOOK VALUE
At 29 February 2024 78,115

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 22,508 29,341

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,000 12,000
Hire purchase contracts (see note 8) 5,834 -
Trade creditors 12,942 29,503
Taxation and social security 14,752 23,684
Other creditors 27,996 35,568
73,524 100,755

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,000 26,000
Hire purchase contracts (see note 8) 84,059 -
98,059 26,000

Adorable Nurseries Limited (Registered number: 09447053)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 5,834 -
Between one and five years 84,059 -
89,893 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 275 1,099
Between one and five years - 275
275 1,374

9. RISK MANAGMENT

The company does not have significant exposure to foreign currency, market risk, credit risk, liquidity and cash flow risk, and interest rate risks due to the nature of its trade.

The company holds no derivative financial instruments at either year end.

10. CALLED UP SHARE CAPITAL

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