Company registration number 04843570 (England and Wales)
FERNBANK NURSERY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
FERNBANK NURSERY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
FERNBANK NURSERY LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
19,944
20,717
Cash at bank and in hand
387,325
369,205
407,269
389,922
Creditors: amounts falling due within one year
4
(4,225)
(6,883)
Net current assets
403,044
383,039
Reserves
Income and expenditure account
403,044
383,039
Total members' funds
403,044
383,039
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the income and expenditure account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 12 March 2025
Mr M Munir
Director
Company registration number 04843570 (England and Wales)
FERNBANK NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information
Fernbank Nursery Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Mentor House, Ainsworth Street, Blackburn, Lancashire, BB1 6AY.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The directortrues are not aware of any material uncertainties affecting the company and consider that the company will have sufficient resources to continue trading for the foreseeable future. As a result the directors have continued to adopt the going concern basis in preparing the financial statements.
1.3
Income and expenditure
Income represents amounts receivable for nursery services provided including any fundraising.
Income and expenses are included in the financial statements as they become receivable or due.
Expenses include VAT where applicable as the company is not registered for VAT and cannot reclaim it.
1.4
Cash at bank and in hand
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. Any bank overdrafts are shown within borrowings in current liabilities.
1.5
Taxation
There is no corporation tax payable as the company is a registered charity.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.7
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
1.8
Toys and Equipment
Consumable toys and equipment are released to the profit and loss in the year they are purchased.
FERNBANK NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
7
8
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Service charges due
18,684
19,467
PAYE/NIC refund due
104
Prepaid expenses
1,260
1,146
19,944
20,717
4
Creditors: amounts falling due within one year
2024
2023
£
£
Accrued expenses
4,225
6,883
5
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1 per member.