Munchkins Day Nursery Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05246406 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MUNCHKINS DAY NURSERY LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

G P Bryant

SECRETARY:

G P Bryant

REGISTERED OFFICE:

1, Mount Radford Crescent

Exeter

Devon

EX2 4EN

REGISTERED NUMBER:

05246406 (England and Wales)

ACCOUNTANTS:

Sheppard Rockey & Williams Ltd

Sannerville Chase

Exminster

Exeter

Devon

EX6 8AT

FIXED ASSETS

Intangible assets

4

-

1

Tangible assets

5

46,280

47,310

46,280

47,311

CURRENT ASSETS

Stocks

175

Debtors

6

140,272

120,287

Cash at bank and in hand

10,270

109,152

150,717

229,614

CREDITORS

Amounts falling due within one year

7

41,305

106,820

NET CURRENT ASSETS

109,412

122,794

TOTAL ASSETS LESS CURRENT
LIABILITIES

155,692

170,105

PROVISIONS FOR LIABILITIES

5,972

5,980

NET ASSETS

149,720

164,125

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

148,720

163,125

149,720

164,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 August 2025 and were signed by:

G P Bryant - Director

1.	STATUTORY INFORMATION

Munchkins Day Nursery Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents the invoiced value of goods and services supplied by the company, net of trade discounts.

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.

Short leasehold

-

5% on reducing balance

Plant and equipment

-

15% on reducing balance

Office equipment

-

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 24 (2023 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

20,026

AMORTISATION

At 1 January 2024

20,025

Amortisation for year

1

At 31 December 2024

20,026

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

1

5.	TANGIBLE FIXED ASSETS

Short

Plant and

Office

Computer

leasehold

equipment

Totals

£

COST

At 1 January 2024

24,346

149,094

30,992

14,056

218,488

Additions

-

5,664

-

5,664

At 31 December 2024

24,346

154,758

30,992

14,056

224,152

DEPRECIATION

At 1 January 2024

9,982

124,708

24,277

12,211

171,178

Charge for year

718

4,508

1,007

461

6,694

At 31 December 2024

10,700

129,216

25,284

12,672

177,872

NET BOOK VALUE

At 31 December 2024

13,646

25,542

5,708

1,384

46,280

At 31 December 2023

14,364

24,386

6,715

1,845

47,310

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

211

49,361

Other debtors

140,061

70,926

140,272

120,287

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

14,800

25,988

Taxation and social security

(1,553

)

9,328

Other creditors

28,058

71,504

41,305

106,820

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

Within one year

10,059

Between one and five years

40,322

50,381

60,440

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

G P Bryant

Balance outstanding at start of year

41,131

Amounts advanced

74,118

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

115,249

41,131

The director's loan is unsecured, repayable on demand and subject to interest at the official rate.

10.	RELATED PARTY DISCLOSURES

The company has provided security by way of a fixed charge on the company's assets for a personal loan of the director. The charge was created on 12 December 2024 in favour of National Westminster Bank PLC and the amount of the loan is £375,000.