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REGISTERED NUMBER: 02428546 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Time for Work Nurseries Limited

Time for Work Nurseries Limited (Registered number: 02428546)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Time for Work Nurseries Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Ms M Regan
Mrs S H Bradley





SECRETARY: Mrs S H Bradley





REGISTERED OFFICE: 46 Lower Redland Road
Redland
Bristol
BS6 6ST





REGISTERED NUMBER: 02428546 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

Time for Work Nurseries Limited (Registered number: 02428546)

Statement of Financial Position
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,102,621 1,103,061

CURRENT ASSETS
Debtors 5 15,963 15,565
Cash at bank and in hand 97,024 38,584
112,987 54,149
CREDITORS
Amounts falling due within one year 6 167,743 160,222
NET CURRENT LIABILITIES (54,756 ) (106,073 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,047,865

996,988

CREDITORS
Amounts falling due after more than one
year

7

(36,711

)

(99,556

)

PROVISIONS FOR LIABILITIES (179,657 ) (179,618 )
NET ASSETS 831,497 717,814

Time for Work Nurseries Limited (Registered number: 02428546)

Statement of Financial Position - continued
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 717,557 717,557
Retained earnings 113,840 157
SHAREHOLDERS' FUNDS 831,497 717,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2025 and were signed on its behalf by:





Ms M Regan - Director


Time for Work Nurseries Limited (Registered number: 02428546)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Time for Work Nurseries Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Time for Work Nurseries Limited (Registered number: 02428546)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

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 46 (2024 - 51 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2024 1,100,000 52,408 3,375 1,155,783
Additions - - 630 630
At 31 March 2025 1,100,000 52,408 4,005 1,156,413
DEPRECIATION
At 1 April 2024 - 50,497 2,225 52,722
Charge for year - 477 593 1,070
At 31 March 2025 - 50,974 2,818 53,792
NET BOOK VALUE
At 31 March 2025 1,100,000 1,434 1,187 1,102,621
At 31 March 2024 1,100,000 1,911 1,150 1,103,061

Cost or valuation at 31 March 2025 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 2004 305,342 - - 305,342
Valuation in 2010 185,000 - - 185,000
Valuation in 2017 365,000 - - 365,000
Cost 244,658 52,408 4,005 301,071
1,100,000 52,408 4,005 1,156,413

Time for Work Nurseries Limited (Registered number: 02428546)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. PROPERTY, PLANT AND EQUIPMENT - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.3.25 31.3.24
£    £   
Cost 244,658 244,658

Value of land in freehold land and buildings 1,100,000 1,100,000

Freehold land and buildings were valued on an open market basis on 31 March 2017 by Leese & Nagle Estate Agents .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 3,195 660
S455 Tax 10,383 10,383
Directors' current accounts - 4,522
Prepayments 2,385 -
15,963 15,565

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 11,620 11,620
Trade creditors - 2,146
Tax 40,644 19,741
Social security and other taxes 13,814 12,566
Other creditors (2,193 ) 4,006
Wages control 44,401 45,535
Amounts invoiced in advance 44,397 60,013
Credit card control 3,160 -
Pension 2,331 1,624
Directors' current accounts 6,749 151
Accruals and deferred income 2,820 2,820
167,743 160,222

Time for Work Nurseries Limited (Registered number: 02428546)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans - 2-5 years 36,711 50,481
Bank loans more 5 yr by instal - 49,075
36,711 99,556

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 49,075

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans 48,331 111,176

The bank overdraft is secured by a floating debenture dated 4 April 1991 which is secured over all owned assets.

The bank loan is secured by a legal charge dated 24 March 2004 which is secured on the property and all owned assets.

The security on the hire purchase creditor is by way of a charge on the assets themselves.

9. RESERVES
Revaluation
reserve
£   
At 1 April 2024
and 31 March 2025 717,557

Time for Work Nurseries Limited (Registered number: 02428546)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

10. RELATED PARTY DISCLOSURES

Mrs S H Bradley
Director
20252024

Dividends paid6,00028,000

Capital Introduced4,603(7,292)

At the balance sheet date the amount due to the director was £81 (2024 Due from the director £4,522).


Ms M Regan
Director20252024

Dividends paid5,40025,200

Capital introduced6,517(592)

At the balance sheet date the amount due to the director was £6,668 (2024 £151).