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Registered Number: 10644798
England and Wales

 

 

 

ACORN ACADEMY DAY NURSERY LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 4,981    6,014 
4,981    6,014 
Current assets      
Debtors 5 103,537    97,391 
Cash at bank and in hand 74,168    73,704 
177,705    171,095 
Creditors: amount falling due within one year 6 (48,061)   (28,361)
Net current assets 129,644    142,734 
 
Total assets less current liabilities 134,625    148,748 
Creditors: amount falling due after more than one year 7 (33,750)   (48,750)
Accruals and deferred income   (163)
Provisions for liabilities 8 (2,624)  
Net assets 98,251    99,835 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 98,151    99,735 
Shareholders' funds 98,251    99,835 
 


For the 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.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 27 December 2024 and were signed by:


-------------------------------
Shazad Nawraz
Director
1
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 April 2022 100  122,115  122,215 
Profit for the year 47,620  47,620 
Total comprehensive income for the year 47,620  47,620 
Dividends (70,000) (70,000)
Total investments by and distributions to owners (70,000) (70,000)
At 31 March 2023 100  99,735  99,835 
At 01 April 2023 100  99,736  99,836 
Profit for the year (1,585) (1,585)
Total comprehensive income for the year (1,585) (1,585)
Total investments by and distributions to owners
At 31 March 2024 100  98,151  98,251 
2
General Information
ACORN ACADEMY DAY NURSERY LTD is a private company, limited by shares, registered in England and Wales, registration number 10644798, registration address 211 Lincoln Road, Peterborough, PE1 2PL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Computer Equipment 33% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 16 (2023 : 20).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2023 200,000    200,000 
Additions  
Disposals  
At 31 March 2024 200,000    200,000 
Amortisation
At 01 April 2023 200,000    200,000 
Charge for year  
On disposals  
At 31 March 2024 200,000    200,000 
Net book values
At 31 March 2024  
At 31 March 2023  


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2023 10,107    8,862    379    19,348 
Additions      
Disposals      
At 31 March 2024 10,107    8,862    379    19,348 
Depreciation
At 01 April 2023 7,458    5,497    379    13,334 
Charge for year 529    504      1,033 
On disposals      
At 31 March 2024 7,987    6,001    379    14,367 
Net book values
Closing balance as at 31 March 2024 2,120    2,861      4,981 
Opening balance as at 01 April 2023 2,649    3,365      6,014 


5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 10,574    7,236 
Other Debtors 90,000    90,000 
Corporation Tax 2,215   
102,789    97,236 

5.

Debtors: amounts falling due after one year

2024
£
  2023
£
Deferred tax 748    155 
748    155 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Corporation Tax   21,350 
PAYE & Social Security 6,024    3,149 
Other Creditors 3,735    2,482 
Wages & Salaries Control Account 16,932   
Directors' Current Accounts 21,370    1,380 
48,061    28,361 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bounce Back Loan 33,750    48,750 
33,750    48,750 

8.

Provisions for liabilities

2024
£
  2023
£
Provisions for doubtful debts 2,624   
2,624   

9.

Director’s loan

Loans from directors

At year end, the company owed its directors £21,370 (2023 - £1,380). The loan is unsecured, interest free and repayable on demand.
3