Company registration number SC258836 (Scotland)
MULBERRY BUSH MONTESSORI LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
MULBERRY BUSH MONTESSORI LTD
COMPANY INFORMATION
Director
Mrs M Clark
Company number
SC258836
Registered office
20 Teviot Street
Yorkhill
Glasgow
G3 8PQ
Accountants
MHA
Chartered Accountants
6 St Colme Street
Edinburgh
EH3 6AD
MULBERRY BUSH MONTESSORI LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MULBERRY BUSH MONTESSORI LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
106,434
135,205
Current assets
Debtors
4
49,312
44,247
Cash at bank and in hand
2,968
49,312
47,215
Creditors: amounts falling due within one year
5
(73,118)
(68,936)
Net current liabilities
(23,806)
(21,721)
Total assets less current liabilities
82,628
113,484
Creditors: amounts falling due after more than one year
6
(19,834)
(46,806)
Net assets
62,794
66,678
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
62,793
66,677
Total equity
62,794
66,678
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 20 May 2025
Mrs M Clark
Director
Company Registration No. SC258836
MULBERRY BUSH MONTESSORI LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information
Mulberry Bush Montessori Ltd is a private company limited by shares incorporated in Scotland. The registered office is 20 Teviot Street, Yorkhill, Glasgow, G3 8PQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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 £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable for goods and services net trade discounts.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings Leasehold
4% straight line (over 25 year lease term)
Plant and machinery
25% straight line
Fixtures, fittings & equipment
25% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
MULBERRY BUSH MONTESSORI LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Debtors
Debtors with no stated interest rate and payable within one year are recorded at transaction price.
Creditors
Creditors with no stated interest rate are recorded at transaction price.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
24
26
MULBERRY BUSH MONTESSORI LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
3
Tangible fixed assets
Leasehold Property
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2024 and 31 December 2024
457,951
140,678
598,629
Depreciation and impairment
At 1 January 2024
326,575
136,849
463,424
Depreciation charged in the year
27,717
1,054
28,771
At 31 December 2024
354,292
137,903
492,195
Carrying amount
At 31 December 2024
103,659
2,775
106,434
At 31 December 2023
131,376
3,829
135,205
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
49,312
44,247
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
44,106
34,000
Corporation tax
5,911
5,456
Other taxation and social security
5,366
5,258
Other creditors
17,735
24,222
73,118
68,936
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
19,834
46,806