BrightAccountsProduction v1.0.0 v1.0.0 2023-10-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts that of childcare and other related services 27 March 2025 24 20 07923475 2024-09-30 07923475 2023-09-30 07923475 2022-09-30 07923475 2023-10-01 2024-09-30 07923475 2022-10-01 2023-09-30 07923475 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07923475 uk-curr:PoundSterling 2023-10-01 2024-09-30 07923475 uk-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07923475 uk-bus:FullAccounts 2023-10-01 2024-09-30 07923475 uk-core:ShareCapital 2024-09-30 07923475 uk-core:ShareCapital 2023-09-30 07923475 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 07923475 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 07923475 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-09-30 07923475 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 07923475 uk-bus:FRS102 2023-10-01 2024-09-30 07923475 uk-core:Goodwill 2023-10-01 2024-09-30 07923475 uk-core:LandBuildings 2023-10-01 2024-09-30 07923475 uk-core:PlantMachinery 2023-10-01 2024-09-30 07923475 uk-core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 07923475 uk-core:MotorVehicles 2023-10-01 2024-09-30 07923475 uk-core:Goodwill 2023-09-30 07923475 uk-core:Goodwill 2024-09-30 07923475 uk-core:CurrentFinancialInstruments 2024-09-30 07923475 uk-core:CurrentFinancialInstruments 2023-09-30 07923475 uk-core:WithinOneYear 2024-09-30 07923475 uk-core:WithinOneYear 2023-09-30 07923475 uk-core:WithinOneYear 2024-09-30 07923475 uk-core:WithinOneYear 2023-09-30 07923475 uk-core:AfterOneYear 2024-09-30 07923475 uk-core:AfterOneYear 2023-09-30 07923475 uk-core:BetweenOneTwoYears 2024-09-30 07923475 uk-core:BetweenOneTwoYears 2023-09-30 07923475 uk-core:BetweenTwoFiveYears 2024-09-30 07923475 uk-core:BetweenTwoFiveYears 2023-09-30 07923475 uk-core:MoreThanFiveYears 2024-09-30 07923475 uk-core:MoreThanFiveYears 2023-09-30 07923475 uk-core:EmployeeBenefits 2023-09-30 07923475 uk-core:EmployeeBenefits 2023-10-01 2024-09-30 07923475 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-09-30 07923475 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-09-30 07923475 uk-core:OtherDeferredTax 2024-09-30 07923475 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-09-30 07923475 uk-core:EmployeeBenefits 2024-09-30 07923475 2023-10-01 2024-09-30 07923475 uk-bus:Director1 2023-10-01 2024-09-30 07923475 uk-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 07923475
 
 
The Lyme Nursery Limited
 
Unaudited Financial Statements
 
for the financial year ended 30 September 2024
The Lyme Nursery Limited
Company Registration Number: 07923475
BALANCE SHEET
as at 30 September 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 5 443,772 444,146
───────── ─────────
 
Current Assets
Stocks 6 625 600
Debtors 7 8,224 5,810
Cash at bank and in hand 91,047 8,233
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99,896 14,643
───────── ─────────
Creditors: amounts falling due within one year 8 (120,464) (86,095)
───────── ─────────
Net Current Liabilities (20,568) (71,452)
───────── ─────────
Total Assets less Current Liabilities 423,204 372,694
 
Creditors:
amounts falling due after more than one year 9 (272,391) (293,044)
 
Provisions for liabilities 10 (527) (449)
───────── ─────────
Net Assets 150,286 79,201
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 150,186 79,101
───────── ─────────
Shareholders' Funds 150,286 79,201
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 27 March 2025
           
           
________________________________          
Richard Vernon          
Director          
           



The Lyme Nursery Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2024

   
1. General Information
 
The Lyme Nursery Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 07923475. The registered office of the company is 94 Lancaster Road, Newcastle, Staffordshire, ST5 1DS, United Kingdom which is also the principal place of business of the company. that of childcare and other related services The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 September 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 0 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 4% Straight line
  Plant and machinery - 15% Straight line
  Fixtures, fittings and equipment - 15% Straight line
  Motor vehicles - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
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.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
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.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 24, (2023 - 20).
 
  2024 2023
  Number Number
 
Employees 24 20
  ═════════ ═════════
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 October 2023 10,000 10,000
  ───────── ─────────
 
At 30 September 2024 10,000 10,000
  ───────── ─────────
Amortisation
 
At 30 September 2024 10,000 10,000
  ───────── ─────────
Net book value
At 30 September 2024 - -
  ═════════ ═════════
             
5. Tangible assets
  Land and Plant and Fixtures, Motor Total
  buildings machinery fittings and vehicles  
  freehold   equipment    
  £ £ £ £ £
Cost
At 1 October 2023 436,732 8,693 20,249 10,555 476,229
Additions - - 1,419 - 1,419
  ───────── ───────── ───────── ───────── ─────────
At 30 September 2024 436,732 8,693 21,668 10,555 477,648
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 October 2023 - 6,982 14,546 10,555 32,083
Charge for the financial year - 257 1,536 - 1,793
  ───────── ───────── ───────── ───────── ─────────
At 30 September 2024 - 7,239 16,082 10,555 33,876
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 30 September 2024 436,732 1,454 5,586 - 443,772
  ═════════ ═════════ ═════════ ═════════ ═════════
At 30 September 2023 436,732 1,711 5,703 - 444,146
  ═════════ ═════════ ═════════ ═════════ ═════════
       
6. Stocks 2024 2023
  £ £
 
Stock (non trading) 625 600
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
7. Debtors 2024 2023
  £ £
 
Trade debtors 6,760 4,273
Other debtors 209 205
Prepayments and accrued income 1,255 1,332
  ───────── ─────────
  8,224 5,810
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bank loan 20,684 20,944
Taxation 30,313 20,771
Director's current account 22,447 488
Other creditors 12,236 16,119
Accruals 34,784 27,773
  ───────── ─────────
  120,464 86,095
  ═════════ ═════════
       
9. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Bank loan 272,391 293,044
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 8) 20,684 20,944
Repayable between one and two years 20,372 27,029
Repayable between two and five years 61,115 61,115
Repayable in five years or more 190,904 204,900
  ───────── ─────────
  293,075 313,988
  ═════════ ═════════
 
         
10. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2024 2023
  £ £ £
 
At financial year start 449 449 459
Charged to profit and loss 78 78 (10)
  ───────── ───────── ─────────
At financial year end 527 527 449
  ═════════ ═════════ ═════════