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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
Page
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Magdalen Nursery & Daycare Ltd. Company Information for the year ended 30 June 2024
Director
MUKHTAR, Tallat Mukhtar
Company Number
07661361 (England and Wales)
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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
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Magdalen Nursery & Daycare Ltd. Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
113,005 
164,111 
Current assets
Debtors
2,057,878 
1,768,532 
Cash at bank and in hand
378,671 
2,066,932 
2,436,549 
3,835,464 
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 
Capital and reserves
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
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Magdalen Nursery & Daycare Ltd. Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
25%
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
25$
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 
Depreciation
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 
Net book value
At 30 June 2024
65,388 
14,044 
33,573 
113,005 
At 30 June 2023
7,018 
47,388 
109,705 
164,111 
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Magdalen Nursery & Daycare Ltd. Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
1,351,463 
1,264,462 
Other debtors
706,415 
504,070 
2,057,878 
1,768,532 
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)
Accruals
204,284 
20,000 
(2,349,931)
(359,890)
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
245,505 
245,505 
8
Loans to directors
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).
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