Once Upon A Time Nursery School Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 06135645 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Once Upon A Time Nursery School Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Banbury

J C Banbury

Ms G A Brooks

SECRETARY:

Mrs J Banbury

REGISTERED OFFICE:

170 Wroxham Road

Norwich

Norfolk

NR7 8DE

REGISTERED NUMBER:

06135645 (England and Wales)

ACCOUNTANTS:

Sarah Place Accountants Ltd

Unit 4b

Boldero Road

Bury St Edmunds

Suffolk

IP32 7BS

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

557,361

525,979

557,361

525,979

CURRENT ASSETS

Stocks

1,000

1,500

Debtors

6

14,345

16,733

Cash at bank

167,926

178,818

183,271

197,051

CREDITORS

Amounts falling due within one year

7

142,784

136,965

NET CURRENT ASSETS

40,487

60,086

TOTAL ASSETS LESS CURRENT
LIABILITIES

597,848

586,065

CREDITORS

Amounts falling due after more than one
year

8

(148,022

)

(142,375

)

PROVISIONS FOR LIABILITIES

(26,242

)

(19,835

)

NET ASSETS

423,584

423,855

CAPITAL AND RESERVES

Called up share capital

5,100

Retained earnings

418,484

418,755

SHAREHOLDERS' FUNDS

423,584

423,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2025 and were signed on its behalf by:

J C Banbury - Director

Mrs J Banbury - Director

1.	STATUTORY INFORMATION

Once Upon A Time Nursery School 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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 58 (2024 - 60 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

120,000

AMORTISATION

At 1 April 2024

and 31 March 2025

120,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

equipment

fittings

£

COST

At 1 April 2024

451,130

106,569

86,417

Additions

-

7,866

4,058

Disposals

-

At 31 March 2025

451,130

114,435

90,475

DEPRECIATION

At 1 April 2024

-

82,324

46,917

Charge for year

-

8,028

10,889

Eliminated on disposal

-

At 31 March 2025

-

90,352

57,806

NET BOOK VALUE

At 31 March 2025

451,130

24,083

32,669

At 31 March 2024

451,130

24,245

39,500

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 April 2024

19,247

19,917

683,280

Additions

52,975

2,147

67,046

Disposals

-

(799

)

(799

)

At 31 March 2025

72,222

21,265

749,527

DEPRECIATION

At 1 April 2024

15,731

12,329

157,301

Charge for year

14,123

2,371

35,411

Eliminated on disposal

-

(546

)

(546

)

At 31 March 2025

29,854

14,154

192,166

NET BOOK VALUE

At 31 March 2025

42,368

7,111

557,361

At 31 March 2024

3,516

7,588

525,979

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

7,220

9,608

Other debtors

7,125

14,345

16,733

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

26,580

Hire purchase contracts

4,403

-

Trade creditors

39,036

42,167

Taxation and social security

57,243

53,993

Other creditors

15,522

14,225

142,784

136,965

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

113,854

142,375

Hire purchase contracts

34,168

-

148,022

142,375

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

J C Banbury and Mrs J Banbury

Balance outstanding at start of year

(4,199

)

(1,525

)

Amounts advanced

170

-

Amounts repaid

-

(2,674

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(4,029

)

(4,199

)