Registered number
08588888
Bunny Run Childcare Centre Ltd
Unaudited Filleted Accounts
31 August 2024
Bunny Run Childcare Centre Ltd
Registered number: 08588888
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 33,333
Tangible assets 4 290,179 325,528
290,179 358,861
Current assets
Debtors 5 103,596 118,554
Cash at bank and in hand 14,309 24,250
117,905 142,804
Creditors: amounts falling due within one year 6 (138,129) (103,093)
Net current (liabilities)/assets (20,224) 39,711
Total assets less current liabilities 269,955 398,572
Creditors: amounts falling due after more than one year 7 (8,418) (18,451)
Provisions for liabilities (39,270) (45,731)
Net assets 222,267 334,390
Capital and reserves
Called up share capital 100 100
Profit and loss account 222,167 334,290
Shareholders' funds 222,267 334,390
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr P Oates
Director
Approved by the board on 3 February 2025
Bunny Run Childcare Centre Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings over 25 years
Plant and machinery 15% reducing balance
Fixtures, fittings, tools and equipment 10% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 34 34
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2023 400,000
At 31 August 2024 400,000
Amortisation
At 1 September 2023 366,667
Provided during the year 33,333
At 31 August 2024 400,000
Net book value
At 31 August 2024 -
At 31 August 2023 33,333
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 238,350 363,972 602,322
At 31 August 2024 238,350 363,972 602,322
Depreciation
At 1 September 2023 95,745 181,049 276,794
Charge for the year 9,507 25,842 35,349
At 31 August 2024 105,252 206,891 312,143
Net book value
At 31 August 2024 133,098 157,081 290,179
At 31 August 2023 142,605 182,923 325,528
5 Debtors 2024 2023
£ £
Trade debtors 3,522 19,198
Loans 23,632 23,632
Other debtors 76,442 75,724
103,596 118,554
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,648 10,648
Trade creditors 33,662 28,749
Taxation and social security costs 82,002 45,562
Other creditors 11,817 18,134
138,129 103,093
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,418 18,451
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 14,000 14,000
9 Other information
Bunny Run Childcare Centre Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Drive
Hellingly
Hailsham
East Sussex
BN27 4EP
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