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REGISTERED NUMBER: 07345596 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

SMALL WONDERS NURSERIES (PRESTON)
LIMITED

SMALL WONDERS NURSERIES (PRESTON)
LIMITED (REGISTERED NUMBER: 07345596)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMALL WONDERS NURSERIES (PRESTON)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Catherine Patricia Bell





REGISTERED OFFICE: Arkwright Mill
Hawkins Street
Preston
Lancashire
PR1 7HR





REGISTERED NUMBER: 07345596 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

SMALL WONDERS NURSERIES (PRESTON)
LIMITED (REGISTERED NUMBER: 07345596)

BALANCE SHEET
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 102,462 76,939
102,462 76,939

CURRENT ASSETS
Stocks 250 250
Debtors 6 19,836 16,281
Cash at bank and in hand 87,755 196,149
107,841 212,680
CREDITORS
Amounts falling due within one year 7 129,238 189,225
NET CURRENT (LIABILITIES)/ASSETS (21,397 ) 23,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,065

100,394

CREDITORS
Amounts falling due after more than one
year

8

(76,673

)

(54,858

)

PROVISIONS FOR LIABILITIES (78 ) (7,654 )
NET ASSETS 4,314 37,882

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 4,313 37,881
SHAREHOLDERS' FUNDS 4,314 37,882

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

SMALL WONDERS NURSERIES (PRESTON)
LIMITED (REGISTERED NUMBER: 07345596)

BALANCE SHEET - continued
30 APRIL 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 director and authorised for issue on 21 January 2025 and were signed by:





Catherine Patricia Bell - Director


SMALL WONDERS NURSERIES (PRESTON)
LIMITED (REGISTERED NUMBER: 07345596)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Small Wonders Nurseries (Preston) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 amounts due for the provision of childcare services which is recognised in the period in which the childcare is provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five 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 each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


SMALL WONDERS NURSERIES (PRESTON)
LIMITED (REGISTERED NUMBER: 07345596)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Going concern
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The going concern basis of accounting is therefore adopted in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 252,630
AMORTISATION
At 1 May 2023
and 30 April 2024 252,630
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

SMALL WONDERS NURSERIES (PRESTON)
LIMITED (REGISTERED NUMBER: 07345596)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 311,689
Additions 104,028
Disposals (80,515 )
At 30 April 2024 335,202
DEPRECIATION
At 1 May 2023 234,750
Charge for year 40,862
Eliminated on disposal (42,872 )
At 30 April 2024 232,740
NET BOOK VALUE
At 30 April 2024 102,462
At 30 April 2023 76,939

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 8,019 8,021
Other debtors 11,817 8,260
19,836 16,281

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 28,122 69,080
Hire purchase contracts 10,499 7,017
Trade creditors 11,413 6,650
Taxation and social security 15,101 29,162
Other creditors 64,103 77,316
129,238 189,225

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans 17,222 27,193
Hire purchase contracts 59,451 19,490
Other creditors - 8,175
76,673 54,858

SMALL WONDERS NURSERIES (PRESTON)
LIMITED (REGISTERED NUMBER: 07345596)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

30/4/24 30/4/23
£    £   
Bank overdrafts 18,395 59,353
Bank loans 26,949 36,920
45,344 96,273

10. ULTIMATE CONTROLLING PARTY

The controlling party is the director, Catherine Patricia Bell by way of her majority shareholding in the company.