REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 |
FOR |
VILLAGE DAY NURSERIES LIMITED |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investments | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 were approved by the director and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st January 2023 |
and 31st December 2023 |
DEPRECIATION |
At 1st January 2023 |
Charge for year |
At 31st December 2023 |
NET BOOK VALUE |
At 31st December 2023 |
At 31st December 2022 |
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: |
Registered office: |
Nature of business: |
% |
Class of shares: | holding |
£ | £ |
Aggregate capital and reserves | ( |
) | ( |
) |
Loss for the year | ( |
) | ( |
) |
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. |