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REGISTERED NUMBER: 07341629 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2024

FOR

REDWOOD HOUSE CHILDRENS NURSERY LTD

REDWOOD HOUSE CHILDRENS NURSERY LTD (REGISTERED NUMBER: 07341629)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REDWOOD HOUSE CHILDRENS NURSERY LTD

COMPANY INFORMATION
for the Year Ended 30 March 2024







DIRECTOR: Mrs J Edwards





REGISTERED OFFICE: 128 Orrell Road
Orrell
Wigan
Lancashire
WN5 8HJ





REGISTERED NUMBER: 07341629 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

REDWOOD HOUSE CHILDRENS NURSERY LTD (REGISTERED NUMBER: 07341629)

BALANCE SHEET
30 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 32,922 38,924
32,922 38,924

CURRENT ASSETS
Debtors 6 745,884 482,750
Cash at bank 3,839 173,132
749,723 655,882
CREDITORS
Amounts falling due within one year 7 190,214 157,637
NET CURRENT ASSETS 559,509 498,245
TOTAL ASSETS LESS CURRENT
LIABILITIES

592,431

537,169

CREDITORS
Amounts falling due after more than one
year

8

237,767

214,877
NET ASSETS 354,664 322,292

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 354,564 322,192
SHAREHOLDERS' FUNDS 354,664 322,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

REDWOOD HOUSE CHILDRENS NURSERY LTD (REGISTERED NUMBER: 07341629)

BALANCE SHEET - continued
30 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 December 2024 and were signed by:





Mrs J Edwards - Director


REDWOOD HOUSE CHILDRENS NURSERY LTD (REGISTERED NUMBER: 07341629)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 March 2024

1. STATUTORY INFORMATION

Redwood House Childrens Nursery Ltd 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. 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.

Turnover
Turnover represents the net invoiced value of services provided, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2023 - 36 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 March 2023
and 30 March 2024 100,000
AMORTISATION
At 31 March 2023
and 30 March 2024 100,000
NET BOOK VALUE
At 30 March 2024 -
At 30 March 2023 -

REDWOOD HOUSE CHILDRENS NURSERY LTD (REGISTERED NUMBER: 07341629)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 March 2023
and 30 March 2024 63,253
DEPRECIATION
At 31 March 2023 24,329
Charge for year 6,002
At 30 March 2024 30,331
NET BOOK VALUE
At 30 March 2024 32,922
At 30 March 2023 38,924

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 52,912 48,644
Other debtors 692,972 434,106
745,884 482,750

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 55,954 63,833
Taxation and social security 129,283 88,759
Other creditors 4,977 5,045
190,214 157,637

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 237,767 214,877

REDWOOD HOUSE CHILDRENS NURSERY LTD (REGISTERED NUMBER: 07341629)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 March 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 March 2024 and the period ended 30 March 2023:

2024 2023
£    £   
Mrs J Edwards
Balance outstanding at start of year 434,107 396,547
Amounts advanced 258,865 37,560
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 692,972 434,107

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J Edwards.