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REGISTERED NUMBER: 04397633 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BRIGHT FUTURES DAY NURSERY LIMITED

BRIGHT FUTURES DAY NURSERY LIMITED (REGISTERED NUMBER: 04397633)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRIGHT FUTURES DAY NURSERY LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Mrs A S Fitton
J R Fitton





SECRETARY:





REGISTERED OFFICE: Swallow Lane,
Carrbrook
Stalybridge
Cheshire
SK15 3NU





REGISTERED NUMBER: 04397633 (England and Wales)





ACCOUNTANTS: Moss and Williamson Limited
Chartered Accountants
11 Stamford Street
Stalybridge
Cheshire
SK15 1JP

BRIGHT FUTURES DAY NURSERY LIMITED (REGISTERED NUMBER: 04397633)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 312,399 320,575

CURRENT ASSETS
Debtors 6 115,675 105,542
Cash at bank and in hand 1,755 17,177
117,430 122,719
CREDITORS
Amounts falling due within one year 7 27,516 28,106
NET CURRENT ASSETS 89,914 94,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

402,313

415,188

PROVISIONS FOR LIABILITIES (2,870 ) (3,365 )

ACCRUALS AND DEFERRED INCOME (183,745 ) (183,745 )
NET ASSETS 215,698 228,078

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 215,696 228,076
SHAREHOLDERS' FUNDS 215,698 228,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

BRIGHT FUTURES DAY NURSERY LIMITED (REGISTERED NUMBER: 04397633)

BALANCE SHEET - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2024 and were signed on its behalf by:





Mrs A S Fitton - Director


BRIGHT FUTURES DAY NURSERY LIMITED (REGISTERED NUMBER: 04397633)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Bright Futures Day Nursery 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, 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.
Long Leasehold Property - the life of the 75 year lease
Plant and Machinery - 15% on reducing balance
Fixtures, Fittings & Equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

BRIGHT FUTURES DAY NURSERY LIMITED (REGISTERED NUMBER: 04397633)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 19 ) .

5. TANGIBLE FIXED ASSETS
Long Fixtures,
Leasehold Plant and Fittings
Property Machinery & Equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 395,355 57,745 95,354 548,454
DEPRECIATION
At 1 April 2023 94,232 50,045 83,602 227,879
Charge for year 5,258 1,155 1,763 8,176
At 31 March 2024 99,490 51,200 85,365 236,055
NET BOOK VALUE
At 31 March 2024 295,865 6,545 9,989 312,399
At 31 March 2023 301,123 7,700 11,752 320,575

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 106,530 98,238
Other debtors 9,145 7,304
115,675 105,542

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 8,976 12,955
Trade creditors 1,085 -
Taxation and social security 4,683 8,537
Other creditors 12,772 6,614
27,516 28,106

8. RELATED PARTY DISCLOSURES

During the accounting period, the company paid management charges, totalling £20,100, to its parent company Mainprior Limited.

9. ULTIMATE CONTROLLING PARTY

Control of the company is exercised jointly by Mrs A S Fitton (Director) and Mr J R Fitton, who are the directors and shareholders in Mainprior Limited, the parent company.