Registered number
03955278
Bright Start Nurseries Limited
Filleted Accounts
31 March 2025
Bright Start Nurseries Limited
Registered number: 03955278
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,135,280 1,140,465
Current assets
Debtors 4 83,079 97,995
Cash at bank and in hand 292,427 353,224
375,506 451,219
Creditors: amounts falling due within one year 5 (344,504) (397,869)
Net current assets 31,002 53,350
Total assets less current liabilities 1,166,282 1,193,815
Creditors: amounts falling due after more than one year 6 (496,908) (545,589)
Net assets 669,374 648,226
Capital and reserves
Called up share capital 1 1
Profit and loss account 669,373 648,225
Shareholder's funds 669,374 648,226
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Beverley Rose Fymruk
Director
Approved by the board on 9 June 2025
Bright Start Nurseries Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 30 29
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 1,125,000 121,180 16,005 1,262,185
Disposals - - (5,500) (5,500)
At 31 March 2025 1,125,000 121,180 10,505 1,256,685
Depreciation
At 1 April 2024 - 109,879 11,841 121,720
Charge for the year - 1,695 361 2,056
On disposals - - (2,371) (2,371)
At 31 March 2025 - 111,574 9,831 121,405
Net book value
At 31 March 2025 1,125,000 9,606 674 1,135,280
At 31 March 2024 1,125,000 11,301 4,164 1,140,465
4 Debtors 2025 2024
£ £
Trade debtors 25,801 44,129
Other debtors 57,278 53,866
83,079 97,995
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 47,461 42,233
Trade creditors 59,933 57,584
Taxation and social security costs 42,349 17,979
Other creditors 194,761 280,073
344,504 397,869
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 496,908 545,589
7 Loans 2025 2024
£ £
Creditors include:
Instalments falling due for payment after more than five years 329,166 344,196
Secured bank loans 544,369 587,822
Santander has a legal charge over the fixed and floating assets of the company in respect of the mortgage on the property from which the company trades.
8 Other information
Bright Start Nurseries Limited is a private company limited by shares and incorporated in England. Its registered office is:
86 Harwood Hill
Welwyn Garden City
Hertfordshire
AL8 7AN
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