51 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 199,000 199,000 6,690 5,654 12,344 xbrli:pure xbrli:shares iso4217:GBP SC437758 2023-04-01 2024-03-31 SC437758 2024-03-31 SC437758 2023-03-31 SC437758 2022-04-01 2023-03-31 SC437758 2023-03-31 SC437758 2022-03-31 SC437758 core:NetGoodwill 2023-04-01 2024-03-31 SC437758 core:FurnitureFittings 2023-04-01 2024-03-31 SC437758 core:MotorVehicles 2023-04-01 2024-03-31 SC437758 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 SC437758 bus:Director1 2023-04-01 2024-03-31 SC437758 core:NetGoodwill 2024-03-31 SC437758 core:LandBuildings 2023-03-31 SC437758 core:FurnitureFittings 2023-03-31 SC437758 core:MotorVehicles 2023-03-31 SC437758 core:LandBuildings 2024-03-31 SC437758 core:FurnitureFittings 2024-03-31 SC437758 core:MotorVehicles 2024-03-31 SC437758 core:LandBuildings 2023-04-01 2024-03-31 SC437758 core:WithinOneYear 2024-03-31 SC437758 core:WithinOneYear 2023-03-31 SC437758 core:ShareCapital 2024-03-31 SC437758 core:ShareCapital 2023-03-31 SC437758 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC437758 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC437758 core:DeferredTaxation 2023-04-01 2024-03-31 SC437758 core:LandBuildings 2023-03-31 SC437758 core:FurnitureFittings 2023-03-31 SC437758 core:MotorVehicles 2023-03-31 SC437758 core:DeferredTaxation 2023-03-31 SC437758 core:DeferredTaxation 2024-03-31 SC437758 bus:SmallEntities 2023-04-01 2024-03-31 SC437758 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC437758 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC437758 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC437758 bus:FullAccounts 2023-04-01 2024-03-31 SC437758 bus:OrdinaryShareClass1 2024-03-31 SC437758 bus:OrdinaryShareClass1 2023-03-31 SC437758 core:LandBuildings core:LongLeaseholdAssets 2023-04-01 2024-03-31 SC437758 core:ToolsEquipment 2023-04-01 2024-03-31 SC437758 core:ToolsEquipment 2023-03-31 SC437758 core:ToolsEquipment 2024-03-31 SC437758 bus:Director1 2024-03-31 SC437758 core:EntitiesControlledByKeyManagementPersonnel 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: SC437758
Doodlebugs Day Nurseries Ltd.
Filleted Unaudited Financial Statements
For the year ended
31 March 2024
Doodlebugs Day Nurseries Ltd.
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
74,572
61,557
Current assets
Debtors
7
104,427
55,630
Cash at bank and in hand
235,511
337,238
---------
---------
339,938
392,868
Creditors: amounts falling due within one year
8
102,477
137,920
---------
---------
Net current assets
237,461
254,948
---------
---------
Total assets less current liabilities
312,033
316,505
Provisions
Taxation including deferred tax
9
12,344
6,690
---------
---------
Net assets
299,689
309,815
---------
---------
Capital and reserves
Called up share capital
10
100
100
Profit and loss account
299,589
309,715
---------
---------
Shareholder funds
299,689
309,815
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Doodlebugs Day Nurseries Ltd.
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 27 November 2024 , and are signed on behalf of the board by:
Ms J P Richardson
Director
Company registration number: SC437758
Doodlebugs Day Nurseries Ltd.
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 2 Marshall Place, Perth, Scotland, PH2 8AH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Place of business
The business addresses are: Doodlebugs (Aberuthven), Main Street, Aberuthven, Perthshire, PH3 1HE. Doodlebugs (Bridge of Earn), Edinburgh Road, Bridge of Earn, Perthshire, PH2 9PP.
(c) Revenue recognition
Turnover is measured at the fair value of the consideration receivable and represents amounts receivable for nursery services rendered, stated net of discounts. Service revenues are recognised as those services are provided to customers.
(d) Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
(e) Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
(f) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(g) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold improvements
-
2% straight line and over 10 years
Fixtures & fittings
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
20% reducing balance
(h) Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
(i) Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
(j) Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, other creditors and directors' loans. Trade debtors and trade creditors are measured at the transaction amount receivable from a customer or payable to a supplier, which is normally the invoice amount. Trade debtors are assessed at the end of each reporting period for objective evidence of impairment. If such evidence if found, an impairment loss is recognised in profit and loss. Accruals and other creditors are measured at the transaction amount expected to be paid after the year end. Directors' loans which are repayable on demand are measured at the undiscounted cash expected to be paid.
(k) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 51 (2023: 49 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
199,000
---------
Amortisation
At 1 April 2023 and 31 March 2024
199,000
---------
Carrying amount
At 31 March 2024
---------
At 31 March 2023
---------
6. Tangible assets
Land and buildings
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 April 2023
19,656
18,301
71,181
11,128
120,266
Additions
798
41,770
900
43,468
Disposals
( 35,381)
( 35,381)
--------
--------
--------
--------
---------
At 31 March 2024
19,656
19,099
77,570
12,028
128,353
--------
--------
--------
--------
---------
Depreciation
At 1 April 2023
2,437
11,501
39,552
5,219
58,709
Charge for the year
603
1,518
15,477
1,364
18,962
Disposals
( 23,890)
( 23,890)
--------
--------
--------
--------
---------
At 31 March 2024
3,040
13,019
31,139
6,583
53,781
--------
--------
--------
--------
---------
Carrying amount
At 31 March 2024
16,616
6,080
46,431
5,445
74,572
--------
--------
--------
--------
---------
At 31 March 2023
17,219
6,800
31,629
5,909
61,557
--------
--------
--------
--------
---------
7. Debtors
2024
2023
£
£
Trade debtors
33,319
25,539
Other debtors
71,108
30,091
---------
--------
104,427
55,630
---------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
10,646
17,912
Social security and other taxes
22,132
56,448
Other creditors
69,699
63,560
---------
---------
102,477
137,920
---------
---------
9. Provisions
Deferred tax
£
At 1 April 2023
6,690
Charge against provision
5,654
--------
At 31 March 2024
12,344
--------
10. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
11. Other financial commitments
The company has total commitments, guarantees and contingencies as at the year end of £77,083 (2023 - £102,083).
12. Director's advances, credits and guarantees
At 31 March 2024, the director owed the company £ 65,972 (2024 - company owed the director). Total advances and credits during the year amounted to £ 87,827 whilst repayments amounted to £ 21,855 . Interest at 2.25% is charged on the average outstanding loan during the year and amounted to £690. This loan was fully repaid on 6 April 2024.
13. Related party transactions
The company rents the Nursery at Aberuthven from Julie Richardson , the sole director and shareholder of the company. The rent charged this year amounted to £7,000 (2023 - £7,000). No amounts were outstanding at the year end.