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REGISTERED NUMBER: 04846744 (England and Wales)















Croft House Nursery Limited

Unaudited Financial Statements for the Year Ended 31 October 2024






Croft House Nursery Limited (Registered number: 04846744)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Croft House Nursery Limited

Company Information
for the Year Ended 31 October 2024







Directors: Joanna Martine Wendy Cooke
Jonathan Philip Lomax





Registered office: Croft House
Bridge Street
Horwich
Bolton
BL6 7BT





Registered number: 04846744 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
Greater Manchester
BL6 7BY

Croft House Nursery Limited (Registered number: 04846744)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £    £   
Fixed assets
Intangible assets 4 75,000 75,000
Tangible assets 5 6,278 14,870
81,278 89,870

Current assets
Debtors 6 36,147 59,515
Cash at bank and in hand 503,566 395,810
539,713 455,325
Creditors
Amounts falling due within one year 7 167,875 110,397
Net current assets 371,838 344,928
Total assets less current liabilities 453,116 434,798

Provisions for liabilities 8 1,428 1,329
Net assets 451,688 433,469

Capital and reserves
Called up share capital 9 100 100
Retained earnings 451,588 433,369
Shareholders' funds 451,688 433,469

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Croft House Nursery Limited (Registered number: 04846744)

Statement of Financial Position - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:





Jonathan Philip Lomax - Director


Croft House Nursery Limited (Registered number: 04846744)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. Statutory information

Croft House Nursery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration receivable for the provision of child care and related educational services during the year.

Goodwill
Amortisation of goodwill has not been provided for by the company as in the opinion of the directors it has an indefinite useful economic life. This accounting policy departs from the usual requirements of FRS102 to amortise goodwill over a finite period. The effect of the departure is that amortisation as required by the requirements of FRS 102 has not been accounted for. If amortisation had been accounted for the charge for the year would have amounted to £7,500 and the profit for the year reduced accordingly.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 7 years
Fixtures and fittings - 25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.


Croft House Nursery Limited (Registered number: 04846744)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. Accounting policies - continued
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 65 (2023 - 63 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 November 2023
and 31 October 2024 75,000
Net book value
At 31 October 2024 75,000
At 31 October 2023 75,000

Croft House Nursery Limited (Registered number: 04846744)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. Tangible fixed assets
Improvements Fixtures
to and
property fittings Totals
£    £    £   
Cost
At 1 November 2023 57,596 51,039 108,635
Additions - 2,220 2,220
Disposals - (18,649 ) (18,649 )
At 31 October 2024 57,596 34,610 92,206
Depreciation
At 1 November 2023 47,742 46,023 93,765
Charge for year 8,228 1,523 9,751
Eliminated on disposal - (17,588 ) (17,588 )
At 31 October 2024 55,970 29,958 85,928
Net book value
At 31 October 2024 1,626 4,652 6,278
At 31 October 2023 9,854 5,016 14,870

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 8,300 7,993
Amounts owed by group undertakings 6,623 31,071
Other debtors 21,224 20,451
36,147 59,515

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 42,426 45,271
Taxation and social security 84,043 22,799
Other creditors 41,406 42,327
167,875 110,397

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax 1,428 1,329

Croft House Nursery Limited (Registered number: 04846744)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 November 2023 1,329
Charge to Statement of Income and Retained Earnings during year 99
Balance at 31 October 2024 1,428

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100