Registered number
04341743
Early Learners Nursery Ltd
Filleted Accounts
31 December 2024
Early Learners Nursery Ltd
Registered number: 04341743
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 545,245 561,369
Current assets
Debtors 5 293,802 377,866
Cash at bank and in hand 11,526 257
305,328 378,123
Creditors: amounts falling due within one year 6 (103,515) (257,432)
Net current assets 201,813 120,691
Total assets less current liabilities 747,058 682,060
Creditors: amounts falling due after more than one year 7 (380,227) (429,232)
Provisions for liabilities (3,045) (6,301)
Net assets 363,786 246,527
Capital and reserves
Called up share capital 100 100
Profit and loss account 363,686 246,427
Shareholders' funds 363,786 246,527
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.
Hayden McCann
Director
Approved by the board on 29 April 2025
Early Learners Nursery Ltd
Notes to the Accounts
for the year ended 31 December 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.
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:
Plant and machinery 20% reducing balance
Motor vehicle 20% reducing balance
Leasehold Improvement 10% reducing balance
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 17 18
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 30,000
At 31 December 2024 30,000
Amortisation
At 1 January 2024 30,000
At 31 December 2024 30,000
Net book value
At 31 December 2024 -
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 Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 549,883 128,732 76,397 755,012
Additions - 1,314 - 1,314
At 31 December 2024 549,883 130,046 76,397 756,326
Depreciation
At 1 January 2024 54,472 103,361 35,810 193,643
Charge for the year 3,924 5,397 8,117 17,438
At 31 December 2024 58,396 108,758 43,927 211,081
Net book value
At 31 December 2024 491,487 21,288 32,470 545,245
At 31 December 2023 495,411 25,371 40,587 561,369
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 257,447 376,613
Other debtors 36,355 1,253
293,802 377,866
Amounts due after more than one year included above 257,447 376,613
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 18,000 34,853
Obligations under finance lease and hire purchase contracts 29,939 9,287
Trade creditors 1,134 807
Taxation and social security costs 35,346 26,217
Other creditors 19,096 186,268
103,515 257,432
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 366,899 383,801
Obligations under finance lease and hire purchase contracts 6,775 35,854
Other creditors 6,553 9,577
380,227 429,232
8 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 321,081 321,081
Secured bank loans 384,899 388,821
9 Other information
Early Learners Nursery Ltd is a private company limited by shares and incorporated in England. Its registered office is:
255 Poulton Road
Wallasey
Wirral
CH44 4BT
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