| 1st Steps Day Nursery Limited |
| Registered Number:09643281 |
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2024
1st Steps Day Nursery Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
1st Steps Day Nursery Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
56,562
64,698
2
56,562
64,698
| Trade and other receivables |
11,125
10,205
3
115,875
| Cash and cash equivalents |
192,040
202,245
127,000
| Trade and other payables: amounts falling due within one |
| year |
(80,385)
(108,376)
4
46,615
93,869
Net current assets
| Total assets less current liabilities |
150,431
111,313
| Trade and other payables: amounts falling due after more |
| than one year |
(30,721)
(24,092)
5
(14,843)
(13,568)
| Provisions for liabilities |
111,496
Net assets
67,024
2
2
111,494
67,022
111,496
67,024
Shareholders' funds
| For the year ended 30 June 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| 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 proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 12 June 2025 and were signed by: |
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For the year ended 30 June 2024
1st Steps Day Nursery Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
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For the year ended 30 June 2024
1st Steps Day Nursery Limited
Notes to the Financial Statements
Statutory Information
| 1st Steps Day Nursery Limited is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 09643281. |
Eastbrook School Site
Dagenham Road
Dagenham
RM10 7DX
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Motor vehicles
Fixtures and fittings
Government grants
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
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. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 30 June 2024
1st Steps Day Nursery Limited
Notes to the Financial Statements Continued
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, which include debtors and cash and bank balances, are initially measured at transaction |
| price. |
| Basic financial liabilities |
| Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing |
| transaction, where the debt instrument is measured at the present value of the future payments discounted at a |
| market rate of interest. Financial liabilities classified as payable within one year are not amortised. |
Equity Instruments
| Equity instruments issued by the company are recorded at the proceeds received. Dividends payable on equity |
| instruments are recognised as liabilities once they are no longer at the discretion of the company. |
| 2. Property, plant and equipment |
Motor vehicles
115,799
58,540
52,579
4,680
9,512
9,512
-
-
4,680
52,579
68,052
125,311
| Provision for depreciation and impairment |
51,101
32,526
13,895
4,680
Charge for year
17,648
7,977
9,671
-
68,749
40,503
23,566
4,680
-
29,013
27,549
56,562
-
38,684
26,014
64,698
| 3. Trade and other receivables |
2023
2024
| Prepayments and accrued income |
3,458
6,376
6,747
4,749
11,125
10,205
Included in other debtors is the sum of £6,547.30 in respect of corporation tax overpaid in previous years.
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For the year ended 30 June 2024
1st Steps Day Nursery Limited
Notes to the Financial Statements Continued
| 4. Trade and other payables: amounts falling due within one year |
2023
2024
371
-
| Taxation and social security |
33,610
12,460
| Accruals and deferred income |
15,721
25,479
50,353
34,717
| Obligations under HP/Financial leases |
6,629
6,322
1,692
1,407
108,376
80,385
| 5. Trade and other payables: amounts falling due after more than one year |
2023
2024
24,092
30,721
| 6. Guarantees and other financial commitments |
| At 30 June 2024 the company had annual commitments under non-cancellable operating leases as set out below: |
2024
| Operating leases which expire: |
55,850
55,850
| 7. Average number of persons employed |
During the year the average number of employees was 26 (2023 : 22)
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