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REGISTERED NUMBER: SC443211 (Scotland)















Unaudited Financial Statements

for the Period 1 March 2023 to 30 June 2024

for

Cosy Cottage Nursery School Limited

Cosy Cottage Nursery School Limited (Registered number: SC443211)






Contents of the Financial Statements
for the Period 1 March 2023 to 30 June 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Cosy Cottage Nursery School Limited (Registered number: SC443211)

Balance Sheet
30 June 2024

30.6.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 24,034 22,679

CURRENT ASSETS
Debtors 5 92,631 62,536
Cash at bank 243 2,695
92,874 65,231
CREDITORS
Amounts falling due within one year 6 (104,150 ) (52,036 )
NET CURRENT (LIABILITIES)/ASSETS (11,276 ) 13,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,758

35,874

CREDITORS
Amounts falling due after more than one
year

7

(6,936

)

(7,120

)

PROVISIONS FOR LIABILITIES (4,232 ) (4,309 )
NET ASSETS 1,590 24,445

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,490 24,345
1,590 24,445

Cosy Cottage Nursery School Limited (Registered number: SC443211)

Balance Sheet - continued
30 June 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 18 March 2025 and were signed on its behalf by:





Mrs J M McMorrine - Director


Cosy Cottage Nursery School Limited (Registered number: SC443211)

Notes to the Financial Statements
for the Period 1 March 2023 to 30 June 2024

1. STATUTORY INFORMATION

Cosy Cottage Nursery School Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC443211. The registered office is Unit 5 Gateway Business Park, Beancross Road, Grangemouth, FK3 8WX.

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 represents net invoiced sales of services in respect of the provision of child care , excluding value added tax. Sales are recognised at the point at which the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

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.

Cosy Cottage Nursery School Limited (Registered number: SC443211)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 21 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2023 16,397 52,152 16,848 85,397
Additions 7,950 - - 7,950
At 30 June 2024 24,347 52,152 16,848 93,347
DEPRECIATION
At 1 March 2023 16,397 40,256 6,065 62,718
Charge for period 847 3,015 2,733 6,595
At 30 June 2024 17,244 43,271 8,798 69,313
NET BOOK VALUE
At 30 June 2024 7,103 8,881 8,050 24,034
At 28 February 2023 - 11,896 10,783 22,679

Cosy Cottage Nursery School Limited (Registered number: SC443211)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023
and 30 June 2024 16,848
DEPRECIATION
At 1 March 2023 6,065
Charge for period 2,733
At 30 June 2024 8,798
NET BOOK VALUE
At 30 June 2024 8,050
At 28 February 2023 10,783

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 28.2.23
£    £   
Amounts owed by group undertakings 90,761 60,666
Prepayments 1,870 1,870
92,631 62,536

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 28.2.23
£    £   
Bank loans and overdrafts 41,436 -
Hire purchase contracts 2,957 3,645
Tax 43,884 30,480
Social security and other taxes 10,038 (3,771 )
Other creditors 599 426
Directors' current accounts 240 752
Accruals and deferred income 4,996 20,504
104,150 52,036

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 28.2.23
£    £   
Bank loans - 1-2 years 2,500 -
Hire purchase contracts 4,436 7,120
6,936 7,120