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Registered number: 11292029
Pink Elephants Nursery Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Precision Accounts Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11292029
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 127,798 48,000
Tangible Assets 5 45,923 45,128
173,721 93,128
CURRENT ASSETS
Debtors 6 140,249 152,626
Cash at bank and in hand 31,992 27,351
172,241 179,977
Creditors: Amounts Falling Due Within One Year 7 (300,378 ) (188,368 )
NET CURRENT ASSETS (LIABILITIES) (128,137 ) (8,391 )
TOTAL ASSETS LESS CURRENT LIABILITIES 45,584 84,737
Creditors: Amounts Falling Due After More Than One Year 8 (1,676 ) (11,634 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (2,175 )
NET ASSETS 43,908 70,928
CAPITAL AND RESERVES
Called up share capital 9 60,000 60,000
Profit and Loss Account (16,092 ) 10,928
SHAREHOLDERS' FUNDS 43,908 70,928
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For the year ending 31 March 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Rebecca Love
Director
25 July 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Pink Elephants Nursery Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11292029 . The registered office is Beverly, Rake Road, Liss, Hampshire, GU33 7ES.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 25%
Plant & Machinery 25%
Motor Vehicles 25%
Fixtures & Fittings 25%
Computer Equipment 25%
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 45 (2024: 35)
45 35
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 60,000
Additions 88,757
As at 31 March 2025 148,757
Amortisation
As at 1 April 2024 12,000
Provided during the period 8,959
As at 31 March 2025 20,959
Net Book Value
As at 31 March 2025 127,798
As at 1 April 2024 48,000
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2024 45,103 80,835 125,938
Additions - 25,272 25,272
As at 31 March 2025 45,103 106,107 151,210
Depreciation
As at 1 April 2024 19,005 61,805 80,810
Provided during the period 11,276 13,201 24,477
As at 31 March 2025 30,281 75,006 105,287
Net Book Value
As at 31 March 2025 14,822 31,101 45,923
As at 1 April 2024 26,098 19,030 45,128
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 39,059 62,779
Prepayments and accrued income - 5,924
Other debtors 6,958 6,818
Corporation tax recoverable assets 4,914 -
Directors' loan accounts 21,920 9,972
Called up share capital not paid 60,000 60,000
132,851 145,493
Due after more than one year
Corporation tax recoverable assets 7,398 7,133
140,249 152,626
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 72,084 1,016
Bank loans and overdrafts 10,001 10,015
Other loans 7,354 -
Corporation tax - 1,633
Other taxes and social security 32,123 18,179
Net wages - 155
Other creditors 21,644 15,927
Director and shareholder loans 60,000 15,297
Accruals and deferred income 97,172 126,146
300,378 188,368
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,676 11,634
9. Share Capital
2025 2024
£ £
Called Up Share Capital not Paid 60,000 60,000
Amount of Allotted, Called Up Share Capital 60,000 60,000
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mrs Lauren Proctor 21,135 - 152 - 20,983
Mrs Rebecca Love - 937 - - 937
The above loans are unsecured, interest free and repayable on demand.
11. Related Party Transactions
A shareholder, Mr J Love, was paid £48,048 (£28,423 31 March 2024) for property improvements and site maintenance services in the year. 
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