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Registered number: 13611744
Sidcup Day Nursery Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Accounting Freedom
Westhill House
2b Devonshire Road
Bexleyheath
DA6 8DS
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13611744
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 153,413 175,021
153,413 175,021
CURRENT ASSETS
Debtors 5 206,772 211,006
Cash at bank and in hand 68,516 4,046
275,288 215,052
Creditors: Amounts Falling Due Within One Year 6 (389,138 ) (384,255 )
NET CURRENT ASSETS (LIABILITIES) (113,850 ) (169,203 )
TOTAL ASSETS LESS CURRENT LIABILITIES 39,563 5,818
Creditors: Amounts Falling Due After More Than One Year 7 (3,274 ) (3,599 )
NET ASSETS 36,289 2,219
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 36,189 2,119
SHAREHOLDERS' FUNDS 36,289 2,219
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 Adedayo Olufote
Director
19/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Sidcup Day Nursery Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13611744 . The registered office is 289 Main Road, Sidcup, DA14 6QL.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 12)
12 12
Page 2
Page 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 216,075
As at 31 August 2024 216,075
Amortisation
As at 1 September 2023 41,054
Provided during the period 21,608
As at 31 August 2024 62,662
Net Book Value
As at 31 August 2024 153,413
As at 1 September 2023 175,021
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors (4,391 ) (14,439 )
Other debtors 205,644 212,219
VAT 150 150
Net wages 5,369 13,076
206,772 211,006
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,041 5,040
Bank loans and overdrafts 18,922 21,904
Corporation tax 17,070 6,833
Other taxes and social security 52,361 34,581
Other creditors 1,044 (25,436 )
Other creditors (1) 129,120 226,579
Accruals and deferred income 54,052 1,200
Director's loan account 111,528 113,554
389,138 384,255
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,274 3,599
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3