Registered number
SC407733
Iona Nursery Limited
Filleted Accounts
30 September 2024
Iona Nursery Limited
Registered number: SC407733
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 503,270 503,270
Investments 180,000 180,000
683,270 683,270
Current assets
Cash at bank and in hand 30,258 49,866
Creditors: amounts falling due within one year 4 (103,645) (93,552)
Net current liabilities (73,387) (43,686)
Total assets less current liabilities 609,883 639,584
Creditors: amounts falling due after more than one year 5 (471,815) (508,866)
Net assets 138,068 130,718
Capital and reserves
Called up share capital 2 2
Share premium 10,000 10,000
Profit and loss account 128,066 120,716
Shareholders' funds 138,068 130,718
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.
I MacLeod
Director
Approved by the board on 20 May 2025
Iona Nursery Limited
Notes to the Accounts
for the year ended 30 September 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 34 38
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2023 511,751 24,134 535,885
Additions - - -
At 30 September 2024 511,751 24,134 535,885
Depreciation
At 1 October 2023 8,481 24,134 32,615
At 30 September 2024 8,481 24,134 32,615
Net book value
At 30 September 2024 503,270 - 503,270
At 30 September 2023 503,270 - 503,270
4 Creditors: amounts falling due within one year 2024 2023
£ £
Fees Paid in Advance 72,635 58,941
Deposits Received 15,840 12,890
Taxation and social security costs 15,170 21,721
103,645 93,552
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 294,815 308,366
Other creditors 177,000 200,500
471,815 508,866
6 Other information
Iona Nursery Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
12 Crombie Circle
Peterculter
Aberdeenshire
AB14 0XU
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