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REGISTERED NUMBER: 05851460 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

MERRY POPPETS NURSERY LIMITED

MERRY POPPETS NURSERY LIMITED (REGISTERED NUMBER: 05851460)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MERRY POPPETS NURSERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mrs J M Laycock
S G Laycock





REGISTERED OFFICE: 3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW





REGISTERED NUMBER: 05851460 (England and Wales)





ACCOUNTANTS: GKP (Ampthill) Limited
Chartered Accountants
3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

MERRY POPPETS NURSERY LIMITED (REGISTERED NUMBER: 05851460)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,318,794 1,229,500

CURRENT ASSETS
Debtors 5 165,613 125,472
Cash at bank and in hand 461,913 381,290
627,526 506,762
CREDITORS
Amounts falling due within one year 6 404,362 278,694
NET CURRENT ASSETS 223,164 228,068
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,541,958

1,457,568

CREDITORS
Amounts falling due after more than one
year

7

-

512
NET ASSETS 1,541,958 1,457,056

CAPITAL AND RESERVES
Called up share capital 400 400
Other reserves 111,771 111,771
Retained earnings 1,429,787 1,344,885
SHAREHOLDERS' FUNDS 1,541,958 1,457,056

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

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

MERRY POPPETS NURSERY LIMITED (REGISTERED NUMBER: 05851460)

BALANCE SHEET - continued
31 AUGUST 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 19 December 2024 and were signed on its behalf by:




Mrs J M Laycock - Director



S G Laycock - Director


MERRY POPPETS NURSERY LIMITED (REGISTERED NUMBER: 05851460)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Merry Poppets 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. 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 net invoiced sales of nursery fees.

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 - over the term of the lease
Equipment - 25% on cost
Furniture & fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Depreciation is not provided on the freehold property as, in the directors opinion, there is no permanent diminution in value.

All equipment additions with amounts under £500, will be charged directly to profit and loss account.

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.

MERRY POPPETS NURSERY LIMITED (REGISTERED NUMBER: 05851460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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.

Rentals paid under operating leases are charged to the profit and loss account 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.

Grant income
Grant income is recognised on the accruals model. Where there are no future performance related conditions, income is recognised when the grants are received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 107 (2023 - 111 ) .

4. TANGIBLE FIXED ASSETS
Freehold Short
property leasehold Equipment
£ £ £
COST
At 1 September 2023 1,110,146 92,863 29,940
Additions 48,810 21,223 2,557
Disposals - - -
At 31 August 2024 1,158,956 114,086 32,497
DEPRECIATION
At 1 September 2023 - - 22,016
Charge for year - - 4,672
Eliminated on disposal - - -
At 31 August 2024 - - 26,688
NET BOOK VALUE
At 31 August 2024 1,158,956 114,086 5,809
At 31 August 2023 1,110,146 92,863 7,924

MERRY POPPETS NURSERY LIMITED (REGISTERED NUMBER: 05851460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. TANGIBLE FIXED ASSETS - continued

Furniture & Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 September 2023 170,974 8,495 18,667 1,431,085
Additions 1,814 33,000 - 107,404
Disposals - (8,495 ) - (8,495 )
At 31 August 2024 172,788 33,000 18,667 1,529,994
DEPRECIATION
At 1 September 2023 159,541 7,964 12,064 201,585
Charge for year 6,330 2,063 4,514 17,579
Eliminated on disposal - (7,964 ) - (7,964 )
At 31 August 2024 165,871 2,063 16,578 211,200
NET BOOK VALUE
At 31 August 2024 6,917 30,937 2,089 1,318,794
At 31 August 2023 11,433 531 6,603 1,229,500

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 September 2023 8,495
Transfer to ownership (8,495 )
At 31 August 2024 -
DEPRECIATION
At 1 September 2023 7,964
Transfer to ownership (7,964 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 531

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 138,118 76,078
Other debtors 12,500 13,650
Prepayments 14,995 35,744
165,613 125,472

MERRY POPPETS NURSERY LIMITED (REGISTERED NUMBER: 05851460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts (see note 8) - 1,519
Trade creditors 29,806 27,695
Tax 68,604 15,917
Social security and other taxes 26,836 27,030
Other creditors 11,143 9,711
Directors' current accounts 920 926
Accrued expenses 267,053 195,896
404,362 278,694

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Hire purchase contracts (see note 8) - 512

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year - 1,519
Between one and five years - 512
- 2,031

Non-cancellable
operating leases
2024 2023
£ £
Within one year 40,101 41,786
Between one and five years 74,429 109,430
114,530 151,216

MERRY POPPETS NURSERY LIMITED (REGISTERED NUMBER: 05851460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts - 2,031

The company's bank borrowings are secured by the following:

A legal charge over the freehold properties 15 The Avenue, Flitwick and The Bungalow, Flitwick Road, Westoning.

Debenture including fixed charge over all present and future freehold and leasehold property, including all buildings and fixtures and fixed plant and machinery.

A fixed charge over all present and future book and other debts.

A floating charge over all present and future stock, goods and assets.

Obligations under hire purchase contracts are secured on the assets acquired.