Company registration number 6374883 (England and Wales)
JOHNSON GARDEN DAY NURSERY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
JOHNSON GARDEN DAY NURSERY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
JOHNSON GARDEN DAY NURSERY LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
8,333
Tangible assets
4
139,362
134,915
139,362
143,248
Current assets
Debtors
5
13,990
8,420
Cash at bank and in hand
214,624
190,237
228,614
198,657
Creditors: amounts falling due within one year
6
(77,125)
(83,786)
Net current assets
151,489
114,871
Total assets less current liabilities
290,851
258,119
Provisions for liabilities
(4,853)
(3,591)
Net assets
285,998
254,528
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
285,996
254,526
Total equity
285,998
254,528
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 August 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 members have 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 16 May 2025
Mrs C B M McKean
Director
Company registration number 6374883 (England and Wales)
JOHNSON GARDEN DAY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information
Johnson Garden Day Nursery Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor, Medway Bridge House, 1 - 8 Fairmeadow, Maidstone, Kent, ME14 1JP. The principal place of business is Johnson Garden Day Nursery, Burley Road, Sittingbourne, Kent, ME10 1JL.
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.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents revenue earned under from contracts to provide services. Revenue is recognised when, and to the extent that, the company obtains the right to consideration in exchange for its performance under these contracts. It is measured at fair value of the right to consideration, which represents amounts chargeable to clients.
1.3
Intangible fixed assets - goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of five years.
1.4
Tangible fixed assets
Tangible fixed assets are measured at cost, net of depreciation.
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:
Freehold land and buildings
5% straight line on buildings
Fixtures and fittings
25% reducing balance
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.
1.5
Financial instruments
The company has elected to apply the recognition and measurement 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.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.
JOHNSON GARDEN DAY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities
Basic financial liabilities, including creditors are recognised at transaction price.
1.6
Taxation
The tax expense represents the sum of the tax currently payable or receivable and deferred tax.
Current tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet 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.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.8
Government grants
Government grants are recognised as income at the amount received or receivable when there is reasonable assurance that the grant conditions will be met and the grant will be received.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
22
22
JOHNSON GARDEN DAY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 September 2023 and 31 August 2024
100,000
Amortisation and impairment
At 1 September 2023
91,667
Amortisation charged for the year
8,333
At 31 August 2024
100,000
Carrying amount
At 31 August 2024
At 31 August 2023
8,333
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 September 2023
129,777
82,295
212,072
Additions
10,784
10,784
Disposals
(2,695)
(2,695)
At 31 August 2024
129,777
90,384
220,161
Depreciation and impairment
At 1 September 2023
7,362
69,795
77,157
Depreciation charged in the year
778
5,321
6,099
Eliminated in respect of disposals
(2,457)
(2,457)
At 31 August 2024
8,140
72,659
80,799
Carrying amount
At 31 August 2024
121,637
17,725
139,362
At 31 August 2023
122,415
12,500
134,915
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
13,990
8,420
JOHNSON GARDEN DAY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 5 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
26,446
18,261
Other creditors
50,679
65,525
77,125
83,786
7
Financial commitments, guarantees and contingent liabilities
At the year end the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £7,900 (2023 - £10,200).
8
Directors' transactions
Other creditors includes an amount of £38,369 (2023 - £51,950) in respect of monies owed to the director. This loan is interest bearing and secured by a charge on the company's freehold property, goodwill and other assets.