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REGISTERED NUMBER: SC728986 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

WALMGATE DAY NURSERY LTD

WALMGATE DAY NURSERY LTD (REGISTERED NUMBER: SC728986)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WALMGATE DAY NURSERY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: T Mathie





SECRETARY: Mrs K Mathie





REGISTERED OFFICE: 14 Kinloch Avenue
Cambuslang
Glasgow
South Lanarkshire
G72 8QA





REGISTERED NUMBER: SC728986 (Scotland)





ACCOUNTANTS: Bon Accord Accountancy Limited
71 Charleston Road North
Cove
Aberdeen
Aberdeenshire
AB12 3SZ

WALMGATE DAY NURSERY LTD (REGISTERED NUMBER: SC728986)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 340,099 382,549
Tangible assets 5 25,030 36,743
365,129 419,292

CURRENT ASSETS
Debtors 6 1,555 1,455
Cash at bank and in hand 32,940 6,764
34,495 8,219
CREDITORS
Amounts falling due within one year 7 483,123 472,135
NET CURRENT LIABILITIES (448,628 ) (463,916 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(83,499

)

(44,624

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (83,501 ) (44,626 )
SHAREHOLDERS' FUNDS (83,499 ) (44,624 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 May 2025 and were signed by:





T Mathie - Director


WALMGATE DAY NURSERY LTD (REGISTERED NUMBER: SC728986)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Walmgate Day Nursery Ltd is a private company, limited by shares , registered in Scotland. 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.

These financial statements have been prepared under the going concerns basis. This is following assurances from the director that the loans he has made to the company will not be repaid for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

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.
Plant and machinery etc - 33% on cost and 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

WALMGATE DAY NURSERY LTD (REGISTERED NUMBER: SC728986)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

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 10 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 424,999
AMORTISATION
At 1 July 2023 42,450
Charge for year 42,450
At 30 June 2024 84,900
NET BOOK VALUE
At 30 June 2024 340,099
At 30 June 2023 382,549

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 1 49,059 49,060
Additions - 828 828
At 30 June 2024 1 49,887 49,888
DEPRECIATION
At 1 July 2023 - 12,317 12,317
Charge for year - 12,541 12,541
At 30 June 2024 - 24,858 24,858
NET BOOK VALUE
At 30 June 2024 1 25,029 25,030
At 30 June 2023 1 36,742 36,743

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 1,555 1,455

WALMGATE DAY NURSERY LTD (REGISTERED NUMBER: SC728986)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors (2 ) (1 )
Taxation and social security 1,564 723
Other creditors 481,561 471,413
483,123 472,135