Registered number
10420371
The Willows Day Nursery (Brighouse) Ltd
Filleted Accounts
31 August 2024
The Willows Day Nursery (Brighouse) Ltd
Registered number: 10420371
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 79,106 105,473
Tangible assets 4 13,868 15,166
92,974 120,639
Current assets
Cash at bank and in hand 104,899 44,048
Creditors: amounts falling due within one year 5 (129,730) (74,418)
Net current liabilities (24,831) (30,370)
Net assets 68,143 90,269
Capital and reserves
Called up share capital 1 1
Profit and loss account 68,142 90,268
Shareholder's funds 68,143 90,269
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 J Cunnington
Director
Approved by the board on 24 March 2025
The Willows Day Nursery (Brighouse) 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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:
Fixtures and fittings 15% reducing balance
Computer equipment 25% reducing balance
Motor vehicles 25% 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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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 24 25
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2023 263,676
At 31 August 2024 263,676
Amortisation
At 1 September 2023 158,203
Provided during the year 26,367
At 31 August 2024 184,570
Net book value
At 31 August 2024 79,106
At 31 August 2023 105,473
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Equipment etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 30,875 18,616 49,491
Additions 2,066 - 2,066
At 31 August 2024 32,941 18,616 51,557
Depreciation
At 1 September 2023 19,354 14,971 34,325
Charge for the year 2,453 911 3,364
At 31 August 2024 21,807 15,882 37,689
Net book value
At 31 August 2024 11,134 2,734 13,868
At 31 August 2023 11,521 3,645 15,166
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 20,371 27,538
Other creditors 109,359 46,880
129,730 74,418
6 Other information
The Willows Day Nursery (Brighouse) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
21 Firth Street
Brighouse
HD6 3BB
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