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REGISTERED NUMBER: 06376023 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

VILLAGE DAY NURSERIES LIMITED

VILLAGE DAY NURSERIES LIMITED (REGISTERED NUMBER: 06376023)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31st December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


VILLAGE DAY NURSERIES LIMITED

COMPANY INFORMATION
for the year ended 31st December 2023







DIRECTOR: H Lakhan





SECRETARY: H Lakhan





REGISTERED OFFICE: Priestley House
Priestley Gardens
Chadwell Heath
Essex
RM6 4SN





REGISTERED NUMBER: 06376023 (England and Wales)





ACCOUNTANTS: Chegwidden & Co
Chartered Accountants
Priestley House
Priestley Gardens
Chadwell Heath
Essex
RM6 4SN

VILLAGE DAY NURSERIES LIMITED (REGISTERED NUMBER: 06376023)

ABRIDGED BALANCE SHEET
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,242,927 1,244,044
Investments 5 67,655 67,655
1,310,582 1,311,699

CURRENT ASSETS
Debtors 629,638 620,576
Cash at bank and in hand 192,626 103,128
822,264 723,704
CREDITORS
Amounts falling due within one year 509,290 497,028
NET CURRENT ASSETS 312,974 226,676
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,623,556

1,538,375

CREDITORS
Amounts falling due after more than one year 294,392 318,831
NET ASSETS 1,329,164 1,219,544

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,329,064 1,219,444
SHAREHOLDERS' FUNDS 1,329,164 1,219,544

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

VILLAGE DAY NURSERIES LIMITED (REGISTERED NUMBER: 06376023)

ABRIDGED BALANCE SHEET - continued
31st December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 20th January 2025 and were signed by:





H Lakhan - Director


VILLAGE DAY NURSERIES LIMITED (REGISTERED NUMBER: 06376023)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Village Day Nurseries 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services - When providing day services, turnover is usually recognised on completion of the service and, for monthly engagements, it is recognised by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

VILLAGE DAY NURSERIES LIMITED (REGISTERED NUMBER: 06376023)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31st December 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2022 - 44 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2023
and 31st December 2023 1,476,095
DEPRECIATION
At 1st January 2023 232,051
Charge for year 1,117
At 31st December 2023 233,168
NET BOOK VALUE
At 31st December 2023 1,242,927
At 31st December 2022 1,244,044

There is a fixed and floating charge over all the assets of the company in favour of National Westminster Bank Plc, the company's bankers.

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st January 2023
and 31st December 2023 67,655
NET BOOK VALUE
At 31st December 2023 67,655
At 31st December 2022 67,655

VILLAGE DAY NURSERIES LIMITED (REGISTERED NUMBER: 06376023)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31st December 2023

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Orchard Gardens Private Day Nursery Limited
Registered office:
Nature of business: Nursery
%
Class of shares: holding
Ordinary Shares 100.00
31/7/23 31/7/22
£    £   
Aggregate capital and reserves (128,719 ) (99,800 )
Loss for the year (28,919 ) (30,057 )

In the opinion of the directors, the carrying value of the fixed asset investments are fairly stated and no impairment review is required.

6. RELATED PARTY DISCLOSURES

Headstart 4 Life Limited and Kids R Us Limited are both shareholders of Village Day Nurseries Limited. Dividends of £150,000 (2022; £150,000) were paid to the shareholders in the year.

Included in debtors is a loan to the subsidiary company Orchard Garden Private Day Nursery Limited in the sum of £623,638 (2021: £614,576) which is repayable on demand. Interest of £20,596 (2022: £9,888) was charged on the loan in the year.