RED SQUIRREL MONTESSORIE NURSERY LIMITED

Company Registration Number:
SC505059 (Scotland)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

RED SQUIRREL MONTESSORIE NURSERY LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Additional notes
Balance sheet notes

RED SQUIRREL MONTESSORIE NURSERY LIMITED

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 27,207 31,273
Total fixed assets: 27,207 31,273
Current assets
Stocks: 4 2,400 2,400
Debtors: 5 141,275 129,122
Cash at bank and in hand: 2,314 10,455
Total current assets: 145,989 141,977
Creditors: amounts falling due within one year: 6 ( 99,074 ) ( 65,667 )
Net current assets (liabilities): 46,915 76,310
Total assets less current liabilities: 74,122 107,583
Creditors: amounts falling due after more than one year: 7 ( 6,541 ) ( 13,751 )
Provision for liabilities: ( 2,245 ) ( 2,209 )
Total net assets (liabilities): 65,336 91,623
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 64,336 90,623
Total Shareholders' funds: 65,336 91,623

The notes form part of these financial statements

RED SQUIRREL MONTESSORIE NURSERY LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 8 May 2025
and signed on behalf of the board by:

Name: Susan Swaine
Status: Director

The notes form part of these financial statements

RED SQUIRREL MONTESSORIE NURSERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Furniture and fittings 25% reducing balance Motor vehicles 25% reducing balance

    Valuation information and policy

    Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

RED SQUIRREL MONTESSORIE NURSERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 25 36

RED SQUIRREL MONTESSORIE NURSERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 13,790 45,536 59,326
Additions 5,003 5,003
Disposals
Revaluations
Transfers
At 31 May 2024 18,793 45,536 64,329
Depreciation
At 1 June 2023 8,131 19,922 28,053
Charge for year 2,665 6,404 9,069
On disposals
Other adjustments
At 31 May 2024 10,796 26,326 37,122
Net book value
At 31 May 2024 7,997 19,210 27,207
At 31 May 2023 5,659 25,614 31,273

RED SQUIRREL MONTESSORIE NURSERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Stocks

2024 2023
£ £
Stocks 2,400 2,400
Total 2,400 2,400

RED SQUIRREL MONTESSORIE NURSERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Debtors

2024 2023
£ £
Trade debtors 23,315 20,651
Other debtors 117,960 108,471
Total 141,275 129,122

RED SQUIRREL MONTESSORIE NURSERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 6,000 6,000
Amounts due under finance leases and hire purchase contracts 1,198 14,380
Trade creditors 11,114
Taxation and social security 76,342 18,296
Accruals and deferred income 14,004 14,553
Other creditors 1,530 1,324
Total 99,074 65,667

RED SQUIRREL MONTESSORIE NURSERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 6,541 12,541
Amounts due under finance leases and hire purchase contracts 1,210
Total 6,541 13,751