Company registration number 05215279 (England and Wales)
SALLY ANNA'S LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
SALLY ANNA'S LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
SALLY ANNA'S LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
655,852
671,878
Current assets
Debtors
5
2,445
2,905
Cash at bank and in hand
250,933
123,539
253,378
126,444
Creditors: amounts falling due within one year
6
(189,916)
(95,238)
Net current assets
63,462
31,206
Total assets less current liabilities
719,314
703,084
Creditors: amounts falling due after more than one year
7
(260,575)
(305,119)
Provisions for liabilities
(23,638)
(24,173)
Net assets
435,101
373,792
Capital and reserves
Called up share capital
2
2
Revaluation reserve
8
158,344
163,403
Profit and loss reserves
276,755
210,387
Total equity
435,101
373,792
SALLY ANNA'S LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 2 -

For the financial year ended 31 December 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 8 April 2025
Mrs A E Harrison
Director
Company registration number 05215279 (England and Wales)
SALLY ANNA'S LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Sally Anna's Limited is a private company limited by shares incorporated in England and Wales. The registered office is Sally Anna's Day Nursery, Liverpool Road West, Church Lawton, Stoke-On-Trent, Staffordshire, ST7 3DZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents net invoiced childcare services provided.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is ten years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% on cost
Equipment and Toys
25% on reducing balance
Fixtures and fittings
25% on reducing balance
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

SALLY ANNA'S LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
23
25
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
20,000
Amortisation and impairment
At 1 January 2024 and 31 December 2024
20,000
Carrying amount
At 31 December 2024
-
0
At 31 December 2023
-
0
SALLY ANNA'S LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
4
Tangible fixed assets
Freehold land and buildings
Equipment and Toys
Fixtures and fittings
Total
£
£
£
£
Cost or valuation
At 1 January 2024 and 31 December 2024
825,000
90,961
17,081
933,042
Depreciation and impairment
At 1 January 2024
165,881
78,870
16,413
261,164
Depreciation charged in the year
12,828
3,031
167
16,026
At 31 December 2024
178,709
81,901
16,580
277,190
Carrying amount
At 31 December 2024
646,291
9,060
501
655,852
At 31 December 2023
659,119
12,091
668
671,878

Included in cost or valuation of land and buildings is freehold land of £187,000 (2023 - £187,000) which is not depreciated.

 

Freehold land and property was valued on the earnings multiplier basis on 20th December 2007 by Christie & Co.

The following assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:

Freehold Land and Property
2024
2023
£
£
Cost
572,070
572,070
Accumulated depreciation
(107,815)
(100,114)
Carrying value
464,255
471,956
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
134
65
Other debtors
2,311
2,840
2,445
2,905
SALLY ANNA'S LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
43,582
40,506
Taxation and social security
42,993
15,825
Other creditors
103,341
38,907
189,916
95,238
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
260,575
305,119

The long-term loans are secured by fixed charges over the freehold land and property owned at Liverpool Road, Church Lawton, Stoke-on-Trent. The total secured debt is £304,157 (2023: £345,625).

Creditors which fall due after five years are as follows:
2024
2023
£
£
Payable by instalments
48,105
107,648
8
Revaluation reserve
2024
2023
£
£
At the beginning of the year
163,403
168,462
Other movements
(5,059)
(5,059)
At the end of the year
158,344
163,403
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