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REGISTERED NUMBER: 03211215 (England and Wales)



















THE COTTAGE DAY NURSERIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






THE COTTAGE DAY NURSERIES LIMITED (REGISTERED NUMBER: 03211215)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


THE COTTAGE DAY NURSERIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mrs D F Bull
Mr M A Bull





SECRETARY: Mrs D F Bull





REGISTERED OFFICE: Johnson Tidsall
81 Burton Road
Derby
Derbyshire
DE1 1TJ





REGISTERED NUMBER: 03211215 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

THE COTTAGE DAY NURSERIES LIMITED (REGISTERED NUMBER: 03211215)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 119,243 111,235
119,243 111,235

CURRENT ASSETS
Stocks 6 4,620 4,340
Debtors 7 48,800 36,000
Cash at bank and in hand 521,590 523,634
575,010 563,974
CREDITORS
Amounts falling due within one year 8 342,642 257,063
NET CURRENT ASSETS 232,368 306,911
TOTAL ASSETS LESS CURRENT LIABILITIES 351,611 418,146

CREDITORS
Amounts falling due after more than one year 9 (42,069 ) (80,000 )

PROVISIONS FOR LIABILITIES (25,650 ) (20,737 )
NET ASSETS 283,892 317,409

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 283,792 317,309
SHAREHOLDERS' FUNDS 283,892 317,409

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

THE COTTAGE DAY NURSERIES LIMITED (REGISTERED NUMBER: 03211215)

BALANCE SHEET - continued
31 MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





Mrs D F Bull - Director


THE COTTAGE DAY NURSERIES LIMITED (REGISTERED NUMBER: 03211215)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

The Cottage 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty 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.
Short leasehold - 20% on cost
Outdoor play equipment - 10% on cost
Fixtures and fittings - 50% on cost and 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost or deemed cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 Statement of Income and Retained Earnings, 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.


THE COTTAGE DAY NURSERIES LIMITED (REGISTERED NUMBER: 03211215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Government grants
Revenue grants are taken to income over the period to which they relate on a straight line basis.

Fixed assets are recorded at cost and depreciated over their useful economic life. Capital grants are recorded as deferred income and taken to income over the lower of the life of the asset or ten years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 81 (2023 - 79 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 114,000
AMORTISATION
At 1 June 2023
and 31 May 2024 114,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

THE COTTAGE DAY NURSERIES LIMITED (REGISTERED NUMBER: 03211215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. TANGIBLE FIXED ASSETS
Outdoor Fixtures
Short play and
leasehold equipment fittings
£    £    £   
COST
At 1 June 2023 2,204 50,832 280,636
Additions - - 33,383
Disposals - - -
At 31 May 2024 2,204 50,832 314,019
DEPRECIATION
At 1 June 2023 2,204 50,727 207,316
Charge for year - 105 19,035
Eliminated on disposal - - -
At 31 May 2024 2,204 50,832 226,351
NET BOOK VALUE
At 31 May 2024 - - 87,668
At 31 May 2023 - 105 73,320

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 87,616 29,176 450,464
Additions 7,968 - 41,351
Disposals (18,926 ) - (18,926 )
At 31 May 2024 76,658 29,176 472,889
DEPRECIATION
At 1 June 2023 56,616 22,366 339,229
Charge for year 7,916 2,918 29,974
Eliminated on disposal (15,557 ) - (15,557 )
At 31 May 2024 48,975 25,284 353,646
NET BOOK VALUE
At 31 May 2024 27,683 3,892 119,243
At 31 May 2023 31,000 6,810 111,235

THE COTTAGE DAY NURSERIES LIMITED (REGISTERED NUMBER: 03211215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. STOCKS
2024 2023
£    £   
Stocks 4,620 4,340

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 48,800 36,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 40,000 42,545
Corporation tax 195,836 107,609
Social security and other taxes 22,458 19,792
Other creditors 5,270 13,921
Directors' current accounts 517 932
Accruals and deferred income 78,561 72,264
342,642 257,063

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 40,000 40,000
Bank loans - 2-5 years 2,069 40,000
42,069 80,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 82,069 122,545

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

THE COTTAGE DAY NURSERIES LIMITED (REGISTERED NUMBER: 03211215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


12. CONTINGENT LIABILITIES

The company has provided a guarantee to NatWest Bank PLC in respect of the personal borrowings of Mr M A Bull and Mrs D F Bull, limited to £60,000.