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Registered number: 04261673
Building Blocks Nursery Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Stanley G Williams & Sons Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 04261673
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 153,155 153,155
Tangible Assets 5 498,380 504,507
651,535 657,662
CURRENT ASSETS
Cash at bank and in hand 782,205 624,741
782,205 624,741
Creditors: Amounts Falling Due Within One Year 6 (211,480 ) (150,272 )
NET CURRENT ASSETS (LIABILITIES) 570,725 474,469
TOTAL ASSETS LESS CURRENT LIABILITIES 1,222,260 1,132,131
Creditors: Amounts Falling Due After More Than One Year 7 (87,812 ) (140,909 )
NET ASSETS 1,134,448 991,222
CAPITAL AND RESERVES
Called up share capital 8 199 199
Profit and Loss Account 1,134,249 991,023
SHAREHOLDERS' FUNDS 1,134,448 991,222
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
Mrs Tina Hart
Director
12/05/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Building Blocks Nursery Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04261673 . The registered office is 28 Rough Road, Kingstanding, Birmingham, B44 0UY.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... 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
Leasehold
Plant & Machinery 25% reducing balance
Motor Vehicles
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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Page 3
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 70 (2023: 73)
70 73
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 153,155
As at 31 July 2024 153,155
Net Book Value
As at 31 July 2024 153,155
As at 1 August 2023 153,155
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2023 480,000 46,932 95,797 36,880 659,609
As at 31 July 2024 480,000 46,932 95,797 36,880 659,609
Depreciation
As at 1 August 2023 - 40,840 89,399 24,863 155,102
Provided during the period - 1,523 1,600 3,004 6,127
As at 31 July 2024 - 42,363 90,999 27,867 161,229
Net Book Value
As at 31 July 2024 480,000 4,569 4,798 9,013 498,380
As at 1 August 2023 480,000 6,092 6,398 12,017 504,507
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 48,777 48,777
Other creditors 1,116 1,116
Taxation and social security 161,587 100,379
211,480 150,272
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 87,812 140,909
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 199 199
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