Registered number
11400937
Blessings Day Care & Nursery Ltd
Filleted Accounts
30 June 2023
Blessings Day Care & Nursery Ltd
Registered number: 11400937
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 125,103 88,071
Current assets
Cash at bank and in hand 7,101 10,575
Creditors: amounts falling due within one year 4 (21,937) (28,850)
Net current liabilities (14,836) (18,275)
Total assets less current liabilities 110,267 69,796
Creditors: amounts falling due after more than one year 5 (129,316) (95,203)
Provisions for liabilities (22,340) (15,304)
Net liabilities (41,389) (40,711)
Capital and reserves
Called up share capital 1 1
Profit and loss account (41,390) (40,712)
Shareholder's funds (41,389) (40,711)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mohammed Faizul Islam
Director
Approved by the board on 15 January 2025
Blessings Day Care & Nursery Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and equipment 15% reducing balance basis
Motor vehicles 25% reducing balance basis
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 16 13
3 Tangible fixed assets
Fixtures and equipment Motor vehicles Total
£ £ £
Cost
At 1 July 2022 123,414 21,775 145,189
Additions 53,073 8,495 61,568
At 30 June 2023 176,487 30,270 206,757
Depreciation
At 1 July 2022 47,746 9,372 57,118
Charge for the year 19,311 5,225 24,536
At 30 June 2023 67,057 14,597 81,654
Net book value
At 30 June 2023 109,430 15,673 125,103
At 30 June 2022 75,668 12,403 88,071
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 17,265 20,250
Taxation and social security costs 4,672 8,600
21,937 28,850
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 29,212 24,618
Director's Current Account 100,104 70,585
129,316 95,203
6 Other information
Blessings Day Care & Nursery Ltd is a private company limited by shares and incorporated in England. Its registered office is:
31 Cornwall Road
Bradford
West Yorkshire
BD8 7JN
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