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Registered number: 07531237
BEECHES PARK CHILDRENS DAY NURSERY LIMITED
Financial Statements
For The Year Ended 30 June 2024
Nuvo Accountancy Limited
Chartered Certified Accountants
First Floor, Sterling House
Outrams Wharf
Little Eaton
Derby
DE21 5EL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07531237
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 7,808 8,774
Tangible Assets 5 22,920 19,693
30,728 28,467
CURRENT ASSETS
Debtors 6 240,384 210,140
Cash at bank and in hand 249,449 122,049
489,833 332,189
Creditors: Amounts Falling Due Within One Year 7 (132,984 ) (56,088 )
NET CURRENT ASSETS (LIABILITIES) 356,849 276,101
TOTAL ASSETS LESS CURRENT LIABILITIES 387,577 304,568
Creditors: Amounts Falling Due After More Than One Year 8 (16,566 ) (21,399 )
NET ASSETS 371,011 283,169
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 371,010 283,168
SHAREHOLDERS' FUNDS 371,011 283,169
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs A Litting
Director
30 January 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
BEECHES PARK CHILDRENS DAY NURSERY LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 07531237 . The registered office is Unit C2 Beeches Park, Eastern Avenue, Burton On Trent, Staffordshire, DE13 0BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to 10% on a straight line basis over their expected useful economic lives of 10 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% straight line
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 32 (2023: 19)
32 19
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4. Intangible Assets
Development Costs
£
Cost
As at 1 July 2023 9,660
As at 30 June 2024 9,660
Amortisation
As at 1 July 2023 886
Provided during the period 966
As at 30 June 2024 1,852
Net Book Value
As at 30 June 2024 7,808
As at 1 July 2023 8,774
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 6,225 67,501 11,187 84,913
Additions - 3,606 4,588 8,194
As at 30 June 2024 6,225 71,107 15,775 93,107
Depreciation
As at 1 July 2023 - 54,675 10,545 65,220
Provided during the period 1,556 2,262 1,149 4,967
As at 30 June 2024 1,556 56,937 11,694 70,187
Net Book Value
As at 30 June 2024 4,669 14,170 4,081 22,920
As at 1 July 2023 6,225 12,826 642 19,693
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 17,547 -
Prepayments and accrued income 2,587 -
Other debtors 220,250 210,140
240,384 210,140
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,522 -
Bank loans and overdrafts 9,000 9,000
Corporation tax 75,217 44,808
Other creditors 37,038 2,280
Accruals and deferred income 1,207 -
132,984 56,088
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,250 17,250
Other taxes and social security 8,316 4,149
16,566 21,399
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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