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REGISTERED NUMBER: 12461273 (England and Wales)













Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Haystacks Nursery Ltd

Haystacks Nursery Ltd (Registered number: 12461273)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Haystacks Nursery Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: A C Reeve
P Fraser





REGISTERED OFFICE: Durham Way North
Aycliffe Business Park
Newton Aycliffe
Co Durham
DL5 6HP





REGISTERED NUMBER: 12461273 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

Haystacks Nursery Ltd (Registered number: 12461273)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 42,194 51,150

CURRENT ASSETS
Debtors 5 197,955 153,883
Cash at bank 66,842 -
264,797 153,883
CREDITORS
Amounts falling due within one year 6 (142,996 ) (98,538 )
NET CURRENT ASSETS 121,801 55,345
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,995

106,495

PROVISIONS FOR LIABILITIES 7 (4,618 ) (7,398 )
NET ASSETS 159,377 99,097

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 159,277 98,997
SHAREHOLDERS' FUNDS 159,377 99,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2025 and were signed on its behalf by:



A C Reeve - Director


Haystacks Nursery Ltd (Registered number: 12461273)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Haystacks Nursery Ltd 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income Recognition
Income is recognised in the period in which the service is provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Government grants
Revenue based grants are credited to the profit and loss account in the period to which they relate.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.


Haystacks Nursery Ltd (Registered number: 12461273)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 21 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 20,915 58,701 835 80,451
Additions 4,492 833 350 5,675
At 29 February 2024 25,407 59,534 1,185 86,126
DEPRECIATION
At 1 March 2023 1,674 27,204 423 29,301
Charge for year 2,495 11,802 334 14,631
At 29 February 2024 4,169 39,006 757 43,932
NET BOOK VALUE
At 29 February 2024 21,238 20,528 428 42,194
At 28 February 2023 19,241 31,497 412 51,150

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 49,548 38,830
Directors' current accounts 148,407 115,053
197,955 153,883

Haystacks Nursery Ltd (Registered number: 12461273)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 379
Taxation and social security 115,144 76,153
Other creditors 1,352 -
Accruals and deferred income 26,500 22,006
142,996 98,538

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,618 7,398

Deferred
tax
£   
Balance at 1 March 2023 7,398
Accelerated capital allowances (2,780 )
Balance at 29 February 2024 4,618

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
A C Reeve
Balance outstanding at start of year 70,326 37,645
Amounts advanced 145,912 58,437
Amounts repaid (67,831 ) (25,756 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 148,407 70,326

P Fraser
Balance outstanding at start of year 44,727 37,644
Amounts advanced 25,151 13,516
Amounts repaid (69,878 ) (6,433 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 44,727

Haystacks Nursery Ltd (Registered number: 12461273)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

10. RELATED PARTY DISCLOSURES

There were no related party transactions other than those concluded under normal market conditions, except for those shown below:

2024 2023
£    £
Amounts due from directors 148,407 115,053
No interest has been charged.