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REGISTERED NUMBER: 08466772 (England and Wales)















Unaudited Financial Statements

for the Period 29 March 2023 to 27 March 2024

for

Bright Starz Day Nursery Ltd

Bright Starz Day Nursery Ltd (Registered number: 08466772)






Contents of the Financial Statements
for the Period 29 March 2023 to 27 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bright Starz Day Nursery Ltd

Company Information
for the Period 29 March 2023 to 27 March 2024







DIRECTORS: Ms O Fakoya
Ms T B Saunders
Ms S K E Coppin





REGISTERED OFFICE: 90 Mill Lane
West Hampstead
London
NW6 1NL





REGISTERED NUMBER: 08466772 (England and Wales)






Bright Starz Day Nursery Ltd (Registered number: 08466772)

Balance Sheet
27 March 2024

27.3.24 28.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,065 14,582

CURRENT ASSETS
Debtors 5 21,600 21,600
Cash at bank 163,240 186,759
184,840 208,359
CREDITORS
Amounts falling due within one year 6 95,801 96,761
NET CURRENT ASSETS 89,039 111,598
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,104

126,180

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 101,101 126,177
SHAREHOLDERS' FUNDS 101,104 126,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 March 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:



Ms O Fakoya - Director Ms T B Saunders - Director



Ms S K E Coppin - Director


Bright Starz Day Nursery Ltd (Registered number: 08466772)

Notes to the Financial Statements
for the Period 29 March 2023 to 27 March 2024

1. STATUTORY INFORMATION

Bright Starz Day Nursery Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Alterations & improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and director's loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Director's loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income Retained Earnings.

Taxation
Taxation for the period 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 period 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.

Bright Starz Day Nursery Ltd (Registered number: 08466772)

Notes to the Financial Statements - continued
for the Period 29 March 2023 to 27 March 2024

2. ACCOUNTING POLICIES - continued

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 55 (2023 - 65 ) .

4. TANGIBLE FIXED ASSETS
Alterations
& improvements
Long to Plant and Computer
leasehold property machinery equipment Totals
£    £    £    £    £   
COST
At 29 March 2023
and 27 March 2024 4,514 32,643 20,277 2,081 59,515
DEPRECIATION
At 29 March 2023 - 30,311 12,934 1,688 44,933
Charge for period - 583 1,836 98 2,517
At 27 March 2024 - 30,894 14,770 1,786 47,450
NET BOOK VALUE
At 27 March 2024 4,514 1,749 5,507 295 12,065
At 28 March 2023 4,514 2,332 7,343 393 14,582

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.3.24 28.3.23
£    £   
Other debtors 21,600 21,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.3.24 28.3.23
£    £   
Bank loans and overdrafts 28,167 41,167
Tax 12,314 11,831
Social security and other taxes 51,588 23,284
Pension 2,476 2,527
Directors' current accounts 1,075 1,075
Accrued expenses 181 16,877
95,801 96,761