Nightingale 1 Montessori Nursery Ltd 8089662 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is the operation of a nursery school. Digita Accounts Production Advanced 6.30.9574.0 true 8089662 2023-09-01 2024-08-31 8089662 2024-08-31 8089662 bus:OrdinaryShareClass1 2024-08-31 8089662 core:CurrentFinancialInstruments 2024-08-31 8089662 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 8089662 core:Goodwill 2024-08-31 8089662 core:FurnitureFittingsToolsEquipment 2024-08-31 8089662 bus:SmallEntities 2023-09-01 2024-08-31 8089662 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 8089662 bus:FilletedAccounts 2023-09-01 2024-08-31 8089662 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 8089662 bus:RegisteredOffice 2023-09-01 2024-08-31 8089662 bus:Director1 2023-09-01 2024-08-31 8089662 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 8089662 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 8089662 bus:Agent1 2023-09-01 2024-08-31 8089662 core:Goodwill 2023-09-01 2024-08-31 8089662 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 8089662 countries:EnglandWales 2023-09-01 2024-08-31 8089662 2023-08-31 8089662 core:Goodwill 2023-08-31 8089662 core:FurnitureFittingsToolsEquipment 2023-08-31 8089662 2022-09-01 2023-08-31 8089662 2023-08-31 8089662 bus:OrdinaryShareClass1 2023-08-31 8089662 core:CurrentFinancialInstruments 2023-08-31 8089662 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 8089662 core:Goodwill 2023-08-31 8089662 core:FurnitureFittingsToolsEquipment 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 8089662

Nightingale 1 Montessori Nursery Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Nightingale 1 Montessori Nursery Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Nightingale 1 Montessori Nursery Ltd

Company Information

Director

Mrs T Earp

Registered office

3rd Floor
Lawford House
Albert Place
London
N3 1QA

Accountants

Sterlings Ltd
Chartered AccountantsLawford House
Albert Place
London
N3 1QA

 

Nightingale 1 Montessori Nursery Ltd

(Registration number: 8089662)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

2,616

3,489

Current assets

 

Debtors

6

94,254

113,590

Cash at bank and in hand

 

177,150

155,279

 

271,404

268,869

Creditors: Amounts falling due within one year

7

(103,436)

(106,199)

Net current assets

 

167,968

162,670

Net assets

 

170,584

166,159

Capital and reserves

 

Called up share capital

8

100

100

Profit and loss account

170,484

166,059

Shareholders' funds

 

170,584

166,159

 

Nightingale 1 Montessori Nursery Ltd

(Registration number: 8089662)
Balance Sheet as at 31 August 2024

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 May 2025
 

.........................................
Mrs T Earp
Director

 

Nightingale 1 Montessori Nursery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3rd Floor
Lawford House
Albert Place
London
N3 1QA

These financial statements were authorised for issue by the director on 21 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

Revenue recognition

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Nightingale 1 Montessori Nursery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Nightingale 1 Montessori Nursery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 10 (2023 - 13).

 

Nightingale 1 Montessori Nursery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 September 2023

290,000

290,000

At 31 August 2024

290,000

290,000

Amortisation

At 1 September 2023

290,000

290,000

At 31 August 2024

290,000

290,000

Carrying amount

At 31 August 2024

-

-

At 31 August 2023

-

-

5

Tangible assets

   

Fixtures, fittings and equipment

Total
£

Cost or valuation

At 1 September 2023

14,718

14,718

At 31 August 2024

14,718

14,718

Depreciation

At 1 September 2023

11,229

11,229

Charge for the year

873

873

At 31 August 2024

12,102

12,102

Carrying amount

At 31 August 2024

2,616

2,616

At 31 August 2023

3,489

3,489

6

Debtors

Current

2024
£

2023
£

Trade debtors

46,733

68,975

Prepayments and accrued income

517

1,992

Other debtors

47,004

42,623

 

94,254

113,590

 

Nightingale 1 Montessori Nursery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

5,934

11,433

Accruals and deferred income

85,042

83,645

Other creditors

12,460

11,121

103,436

106,199

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Related party transactions

As at the balance sheet date, the sole director, Mrs T Earp, owed the company the sum of £36,249 (2023 - £31,867). Interest of £809 has been charged to Mrs T Earp during the financial year (2023 - £382).