Company registration number 04611107 (England and Wales)
SANDHILL LITTLE ANGELS NURSERY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
SANDHILL LITTLE ANGELS NURSERY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
SANDHILL LITTLE ANGELS NURSERY LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
41,534
29,865
Current assets
Debtors
5
234,172
133,547
Cash at bank and in hand
37,159
65,164
271,331
198,711
Creditors: amounts falling due within one year
6
(53,255)
(30,020)
Net current assets
218,076
168,691
Total assets less current liabilities
259,610
198,556
Creditors: amounts falling due after more than one year
7
(30,111)
(33,424)
Net assets
229,499
165,132
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
229,497
165,130
Total equity
229,499
165,132
For the financial year ended 30 September 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 in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 25 June 2025 and are signed on its behalf by:
Mrs N Ross
Director
Company registration number 04611107 (England and Wales)
SANDHILL LITTLE ANGELS NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information
Sandhill Little Angels Nursery Limited is a private company limited by shares incorporated in England and Wales, company number 04611107. The registered office is The Sandhill Centre, Grindon Lane, Grindon, Sunderland, SR3 4EN.
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. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
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:
Land and buildings Freehold
10% Straight Line
Fixtures, fittings & equipment
25% Straight Line
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
Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand.
1.6
Financial instruments
The company has elected to apply the 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.
SANDHILL LITTLE ANGELS NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities are classified according to the substance of the contractual arrangements entered into.
Basic financial liabilities
Basic financial liabilities, including creditors are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.8
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
20
23
SANDHILL LITTLE ANGELS NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 October 2023
38,517
27,447
65,964
Additions
16,047
3,600
19,647
At 30 September 2024
54,564
31,047
85,611
Depreciation and impairment
At 1 October 2023
12,254
23,845
36,099
Depreciation charged in the year
5,456
2,522
7,978
At 30 September 2024
17,710
26,367
44,077
Carrying amount
At 30 September 2024
36,854
4,680
41,534
At 30 September 2023
26,263
3,602
29,865
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
234,172
133,547
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
4,818
6,323
Corporation tax
36,146
15,205
Other taxation and social security
5,507
1,973
Other creditors
6,784
6,519
53,255
30,020
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
30,111
33,424
SANDHILL LITTLE ANGELS NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
8
Related party transactions
At the year end, the company was owed £135,000 (2023: £nil) from Valyrian Properties Limited, a company in which the directors of Sandhill Little Angels Nursery Limited are also directors. The loan is interest free and repayable on demand.
9
Directors' transactions
Included within other debtors is a balance of £98,143 due from the directors (2023: £133,345). The maximum amount outstanding in the year was £245,138 and interest has been charged at the official rate of 2.25%.