Company Registration No. 07661361 (England and Wales)
Magdalen Nursery & Daycare Ltd.
Unaudited accounts
for the year ended 30 June 2024
Magdalen Nursery & Daycare Ltd.
Unaudited accounts
Contents
Magdalen Nursery & Daycare Ltd.
Company Information
for the year ended 30 June 2024
Director
MUKHTAR, Tallat Mukhtar
Company Number
07661361 (England and Wales)
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Magdalen Nursery & Daycare Ltd.
for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Magdalen Nursery & Daycare Ltd. for the year ended
30 June 2024 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Chartered Certified Accountants
31 March 2025
Magdalen Nursery & Daycare Ltd.
Statement of financial position
as at 30 June 2024
Tangible assets
113,005
164,111
Debtors
2,057,878
1,768,532
Cash at bank and in hand
378,671
2,066,932
Creditors: amounts falling due within one year
2,349,931
359,890
Net current assets
4,786,480
4,195,354
Total assets less current liabilities
4,899,485
4,359,465
Creditors: amounts falling due after more than one year
(245,505)
(245,505)
Provisions for liabilities
Deferred tax
(41,562)
(64,841)
Net assets
4,612,418
4,049,119
Called up share capital
3
3
Profit and loss account
4,612,415
4,049,116
Shareholders' funds
4,612,418
4,049,119
For the year ending 30 June 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 March 2025 and were signed on its behalf by
MUKHTAR, Tallat Mukhtar
Director
Company Registration No. 07661361
Magdalen Nursery & Daycare Ltd.
Notes to the Accounts
for the year ended 30 June 2024
Magdalen Nursery & Daycare Ltd. is a private company, limited by shares, registered in England and Wales, registration number 07661361.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
237,602
133,375
536,619
907,596
Additions
80,799
-
-
80,799
At 30 June 2024
318,401
133,375
536,619
988,395
At 1 July 2023
230,584
85,987
426,914
743,485
Charge for the year
22,429
33,344
76,132
131,905
At 30 June 2024
253,013
119,331
503,046
875,390
At 30 June 2024
65,388
14,044
33,573
113,005
At 30 June 2023
7,018
47,388
109,705
164,111
Magdalen Nursery & Daycare Ltd.
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
1,351,463
1,264,462
Other debtors
706,415
504,070
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
(16,300)
Taxes and social security
166,472
801,693
Other creditors
101,881
452,043
Loans from directors
(2,822,568)
(1,617,326)
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
245,505
245,505
Director received an interest free loan of £2,792,570 during the year, which will be paid back to the company within 9 months of the year end.
9
Average number of employees
During the year the average number of employees was 78 (2023: 78).