The Lanes Day Nursery Ltd 05763386 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is Nursery Digita Accounts Production Advanced 6.30.9574.0 true 05763386 2023-05-01 2024-04-30 05763386 2024-04-30 05763386 bus:Director2 1 2024-04-30 05763386 bus:OrdinaryShareClass1 2024-04-30 05763386 core:CurrentFinancialInstruments 2024-04-30 05763386 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 05763386 core:Goodwill 2024-04-30 05763386 core:FurnitureFittingsToolsEquipment 2024-04-30 05763386 core:MotorVehicles 2024-04-30 05763386 bus:SmallEntities 2023-05-01 2024-04-30 05763386 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05763386 bus:FilletedAccounts 2023-05-01 2024-04-30 05763386 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 05763386 bus:RegisteredOffice 2023-05-01 2024-04-30 05763386 bus:Director1 2023-05-01 2024-04-30 05763386 bus:Director2 2023-05-01 2024-04-30 05763386 bus:Director2 1 2023-05-01 2024-04-30 05763386 bus:Director3 2023-05-01 2024-04-30 05763386 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 05763386 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05763386 core:Goodwill 2023-05-01 2024-04-30 05763386 core:FurnitureFittings 2023-05-01 2024-04-30 05763386 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 05763386 core:MotorVehicles 2023-05-01 2024-04-30 05763386 countries:AllCountries 2023-05-01 2024-04-30 05763386 2023-04-30 05763386 bus:Director2 1 2023-04-30 05763386 core:Goodwill 2023-04-30 05763386 core:FurnitureFittingsToolsEquipment 2023-04-30 05763386 core:MotorVehicles 2023-04-30 05763386 2022-05-01 2023-04-30 05763386 2023-04-30 05763386 bus:OrdinaryShareClass1 2023-04-30 05763386 core:CurrentFinancialInstruments 2023-04-30 05763386 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 05763386 core:Goodwill 2023-04-30 05763386 core:FurnitureFittingsToolsEquipment 2023-04-30 05763386 core:MotorVehicles 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05763386

The Lanes Day Nursery Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

The Lanes Day Nursery Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

The Lanes Day Nursery Ltd

Company Information

Directors

Mrs E Burton

Mrs M A Waez

Mr FSO Waez

Registered office

155 High Lanes Central
West Hallam
Ilkeston
DE7 6HU

Accountants

Cameron Alexander Accountants Limited
Chartered Certified Accountants
2 Western Street
Barnsley
S70 2BP

 

The Lanes Day Nursery Ltd

(Registration number: 05763386)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

3

6,500

9,750

Tangible assets

4

2,736

3,864

 

9,236

13,614

Current assets

 

Debtors

5

246,822

1,724

Cash at bank and in hand

 

38,251

200,664

 

285,073

202,388

Creditors: Amounts falling due within one year

6

(50,616)

(69,865)

Net current assets

 

234,457

132,523

Net assets

 

243,693

146,137

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

243,593

146,037

Shareholders' funds

 

243,693

146,137

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 January 2025 and signed on its behalf by:
 

.........................................
Mrs E Burton
Director

 

The Lanes Day Nursery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

-25% Reducing Balance

Motor Vehicles

-25% Reducing Balance

 

The Lanes Day Nursery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

-5% Straight Line

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2023 - 14).

 

The Lanes Day Nursery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

3

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 May 2023

65,000

65,000

At 30 April 2024

65,000

65,000

Amortisation

At 1 May 2023

55,250

55,250

Amortisation charge

3,250

3,250

At 30 April 2024

58,500

58,500

Carrying amount

At 30 April 2024

6,500

6,500

At 30 April 2023

9,750

9,750

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

6,258

22,300

28,558

Disposals

-

(22,300)

(22,300)

At 30 April 2024

6,258

-

6,258

Depreciation

At 1 May 2023

3,218

21,476

24,694

Charge for the year

304

206

510

Eliminated on disposal

-

(21,682)

(21,682)

At 30 April 2024

3,522

-

3,522

Carrying amount

At 30 April 2024

2,736

-

2,736

At 30 April 2023

3,040

824

3,864

 

The Lanes Day Nursery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Debtors

Current

2024
£

2023
£

Prepayments

1,057

1,288

Other debtors

245,765

436

 

246,822

1,724

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

408

-

Taxation and social security

1,344

1,407

Accruals and deferred income

16,019

55,787

Other creditors

32,845

12,671

50,616

69,865

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

8

Related party transactions

Transactions with directors

2024

At 1 May 2023
£

Other payments made to company by director
£

At 30 April 2024
£

Mrs M A Waez

No interest is charged on the loan and there is no fixed date of repayment.

(436)

1,516

1,080