Silverfin false false 31/08/2024 01/09/2023 31/08/2024 Mrs C Wells 13/07/2012 Mr I V Wells 13/07/2012 Mr S Wells 03/04/2024 11 March 2025 The principal activity of the Company during the financial year was that of childcare services. 08143290 2024-08-31 08143290 bus:Director1 2024-08-31 08143290 bus:Director2 2024-08-31 08143290 bus:Director3 2024-08-31 08143290 2023-08-31 08143290 core:CurrentFinancialInstruments 2024-08-31 08143290 core:CurrentFinancialInstruments 2023-08-31 08143290 core:ShareCapital 2024-08-31 08143290 core:ShareCapital 2023-08-31 08143290 core:RetainedEarningsAccumulatedLosses 2024-08-31 08143290 core:RetainedEarningsAccumulatedLosses 2023-08-31 08143290 core:Vehicles 2023-08-31 08143290 core:FurnitureFittings 2023-08-31 08143290 core:Vehicles 2024-08-31 08143290 core:FurnitureFittings 2024-08-31 08143290 2023-09-01 2024-08-31 08143290 bus:FilletedAccounts 2023-09-01 2024-08-31 08143290 bus:SmallEntities 2023-09-01 2024-08-31 08143290 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 08143290 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08143290 bus:Director1 2023-09-01 2024-08-31 08143290 bus:Director2 2023-09-01 2024-08-31 08143290 bus:Director3 2023-09-01 2024-08-31 08143290 core:Vehicles 2023-09-01 2024-08-31 08143290 core:FurnitureFittings 2023-09-01 2024-08-31 08143290 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Company No: 08143290 (England and Wales)

CHIPMUNKS DAY NURSERY LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

CHIPMUNKS DAY NURSERY LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

CHIPMUNKS DAY NURSERY LIMITED

BALANCE SHEET

As at 31 August 2024
CHIPMUNKS DAY NURSERY LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 36,152 45,650
36,152 45,650
Current assets
Stocks 4 1,200 1,000
Debtors 5 30,900 35,934
Cash at bank and in hand 430,425 608,445
462,525 645,379
Creditors: amounts falling due within one year 6 ( 183,296) ( 101,335)
Net current assets 279,229 544,044
Total assets less current liabilities 315,381 589,694
Provision for liabilities 0 ( 8,674)
Net assets 315,381 581,020
Capital and reserves
Called-up share capital 100 100
Profit and loss account 315,281 580,920
Total shareholders' funds 315,381 581,020

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Chipmunks Day Nursery Limited (registered number: 08143290) were approved and authorised for issue by the Board of Directors on 11 March 2025. They were signed on its behalf by:

Mr I V Wells
Director
CHIPMUNKS DAY NURSERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
CHIPMUNKS DAY NURSERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Chipmunks Day Nursery Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 20 % reducing balance
Fixtures and fittings 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 51 43

3. Tangible assets

Vehicles Fixtures and fittings Total
£ £ £
Cost
At 01 September 2023 40,176 28,888 69,064
Disposals 0 ( 2,579) ( 2,579)
At 31 August 2024 40,176 26,309 66,485
Accumulated depreciation
At 01 September 2023 0 23,414 23,414
Charge for the financial year 8,035 1,095 9,130
Disposals 0 ( 2,211) ( 2,211)
At 31 August 2024 8,035 22,298 30,333
Net book value
At 31 August 2024 32,141 4,011 36,152
At 31 August 2023 40,176 5,474 45,650

4. Stocks

2024 2023
£ £
Stocks 1,200 1,000

5. Debtors

2024 2023
£ £
Trade debtors 9,889 15,018
Corporation tax 13,316 13,316
Other debtors 7,695 7,600
30,900 35,934

6. Creditors: amounts falling due within one year

2024 2023
£ £
Other taxation and social security 11,715 13,305
Other creditors 171,581 88,030
183,296 101,335

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
During the year one the directors maintained an interest-free loan account with the company which was repayable on demand. At the balance sheet date the amount due to the director was 20,940 0

The two other Directors loan accounts are repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.
At 1 September 2023, the balance owed by the directors was £1,923. During the year, £60,000 was advanced to the directors, and £60,312 was repaid by the directors. At 31 August 2024, the balance owed by the directors was £1,611.

At 1 September 2022, the balance owed to the directors was £9,249. During the year, £11,484 was advanced to the directors, and £312 was repaid by the director. At 31 August 2023, the balance owed by the directors was £1,923.