Registered number
07892733
A star Kids Nursery Ltd
Filleted Accounts
31 July 2024
A star Kids Nursery Ltd
Registered number: 07892733
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 22,710 24,093
Tangible assets 4 314,714 322,694
337,424 346,787
Current assets
Cash at bank and in hand 17,001 14,012
Creditors: amounts falling due within one year 5 (154,090) (173,994)
Net current liabilities (137,089) (159,982)
Total assets less current liabilities 200,335 186,805
Creditors: amounts falling due after more than one year 6 (168,339) (158,136)
Net assets 31,996 28,669
Capital and reserves
Called up share capital 3 3
Profit and loss account 31,993 28,666
Shareholders' funds 31,996 28,669
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Nisha Sobhanan
Director
Approved by the board on 10 April 2025
A star Kids Nursery Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 41,475
At 31 July 2024 41,475
Amortisation
At 1 August 2023 17,382
Provided during the year 1,383
At 31 July 2024 18,765
Net book value
At 31 July 2024 22,710
At 31 July 2023 24,093
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2023 332,781 48,644 381,425
At 31 July 2024 332,781 48,644 381,425
Depreciation
At 1 August 2023 21,162 37,569 58,731
Charge for the year 3,116 4,864 7,980
At 31 July 2024 24,278 42,433 66,711
Net book value
At 31 July 2024 308,503 6,211 314,714
At 31 July 2023 311,619 11,075 322,694
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,492 10,781
Amounts owed to group undertakings and undertakings in which the company has a participating interest 9,447 9,447
Taxation and social security costs 6,076 3,574
Other creditors 128,075 150,192
154,090 173,994
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,384 18,391
Other creditors 159,955 139,745
168,339 158,136
7 Other information
A star Kids Nursery Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Rosewood Avenue
Hornchurch
Essex
United Kingdom
RM12 5LH
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