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Registered number: 06658340
Right Start Day Nurseries (Lancashire) Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Whittles LLP
1 Richmond Road
Lytham St Annes
Lancashire
FY8 1PE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06658340
31 July 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 71,780 83,113
Tangible Assets 5 226,433 233,100
298,213 316,213
CURRENT ASSETS
Debtors 6 84,037 27,924
Cash at bank and in hand 81,872 76,951
165,909 104,875
Creditors: Amounts Falling Due Within One Year 7 (215,490 ) (167,262 )
NET CURRENT ASSETS (LIABILITIES) (49,581 ) (62,387 )
TOTAL ASSETS LESS CURRENT LIABILITIES 248,632 253,826
Creditors: Amounts Falling Due After More Than One Year 8 (962 ) (338 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (999 ) (1,341 )
NET ASSETS 246,671 252,147
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 246,669 252,145
SHAREHOLDERS' FUNDS 246,671 252,147
Page 1
Page 2
For the year ending 31 July 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
Mr Rhys Woodmason
Director
Mr Darren Stoker
Director
07/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Right Start Day Nurseries (Lancashire) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06658340 . The registered office is 1 Richmond Road, Lytham St Annes, Lancashire, FY8 1PE.
The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements have been rounded to the nearest £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of businesses and the fair value of the separable net assets. It is amortised to profit and loss account over the estimated economic life of 10 and 15 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% on cost
Fixtures & Fittings 20-25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 34 (2023: 36)
34 36
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 263,000
As at 31 July 2024 263,000
Amortisation
As at 1 August 2023 179,887
Provided during the period 11,333
As at 31 July 2024 191,220
Net Book Value
As at 31 July 2024 71,780
As at 1 August 2023 83,113
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 265,000 49,983 5,062 320,045
As at 31 July 2024 265,000 49,983 5,062 320,045
Depreciation
As at 1 August 2023 37,262 44,943 4,740 86,945
Provided during the period 5,300 1,261 106 6,667
As at 31 July 2024 42,562 46,204 4,846 93,612
Net Book Value
As at 31 July 2024 222,438 3,779 216 226,433
As at 1 August 2023 227,738 5,040 322 233,100
6. Debtors
31 July 2024 31 July 2023
£ £
Due within one year
Trade debtors 79,999 20,917
Prepayments and accrued income 3,333 6,611
Other debtors 705 396
84,037 27,924
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
31 July 2024 31 July 2023
£ £
Corporation tax 12,427 57,604
Other taxes and social security 7,032 4,899
Other creditors 10,973 2,617
Amounts owed to group undertakings 121,003 33,837
Amounts owed to parent undertaking 64,055 68,305
215,490 167,262
8. Creditors: Amounts Falling Due After More Than One Year
31 July 2024 31 July 2023
£ £
Directors loan account 962 338
9. Secured Creditors
Of the creditors the following amounts are secured.
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 August 2023 1,341 1,341
Reversals (342 ) (342)
Balance at 31 July 2024 999 999
11. Share Capital
31 July 2024 31 July 2023
£ £
Allotted, Called up and fully paid 2 2
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 July 2024 31 July 2023
£ £
Not later than one year 40,000 40,000
Later than one year and not later than five years 129,250 147,250
Later than five years 82,500 104,500
251,750 291,750
Page 5