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Registered number: 12598971
Sheepwash Farm Day Nursery Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12598971
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,109 8,004
1,109 8,004
CURRENT ASSETS
Debtors 5 15,425 39,121
Cash at bank and in hand 111,503 117,332
126,928 156,453
Creditors: Amounts Falling Due Within One Year 6 (18,214 ) (27,299 )
NET CURRENT ASSETS (LIABILITIES) 108,714 129,154
TOTAL ASSETS LESS CURRENT LIABILITIES 109,823 137,158
PROVISIONS FOR LIABILITIES
Deferred Taxation (211 ) (2,001 )
NET ASSETS 109,612 135,157
CAPITAL AND RESERVES
Called up share capital 7 150 150
Share premium account 2,450 2,450
Profit and Loss Account 107,012 132,557
SHAREHOLDERS' FUNDS 109,612 135,157
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For the year ending 31 August 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs V Gray
Director
10 April 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sheepwash Farm Day Nursery Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the provision of nursery care is recognised by reference to the stage of completion at the balance sheet date.  Stage of completion is measured by reference to the date the service is provided.
Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Plant & Machinery 4 years on cost
Computer Equipment 3 years on cost
2.4. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to the profit or loss on a straight line basis over the period of the lease.
2.5. Taxation
Taxation for the year comprises current and deferred tax.  Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.  
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements.  Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
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.
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2.6. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.8. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2023: 16)
22 16
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 September 2023 31,688
Additions 750
As at 31 August 2024 32,438
Depreciation
As at 1 September 2023 23,684
Provided during the period 7,645
As at 31 August 2024 31,329
Net Book Value
As at 31 August 2024 1,109
As at 1 September 2023 8,004
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,622 33,108
Prepayments and accrued income 5,704 6,013
Corporation tax recoverable assets 5,099 -
15,425 39,121
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,672 -
Corporation tax - 14,430
Other taxes and social security 4,421 1,113
Accruals and deferred income 3,121 11,756
18,214 27,299
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary A shares of £ 1.00 each 100 100
50 Ordinary B shares of £ 1.00 each 50 50
150 150
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