REGISTERED NUMBER: 10376351 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Great Wood Farm Early Years Centre

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K M Spence

Mrs K L Robinson

Mrs C L Littler

REGISTERED OFFICE:

Northgate House

Northgate

Sleaford

Lincolnshire

NG34 7BZ

REGISTERED NUMBER:

10376351 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

Northgate House

Northgate

Sleaford

Lincolnshire

NG34 7BZ

FIXED ASSETS

Intangible assets

4

56,000

84,000

Tangible assets

5

688,034

633,823

744,034

717,823

CURRENT ASSETS

Stocks

2,779

2,841

Debtors

6

8,863

11,134

Cash at bank and in hand

36,161

61,775

47,803

75,750

CREDITORS

Amounts falling due within one year

7

288,698

239,585

NET CURRENT LIABILITIES

(240,895

)

(163,835

)

TOTAL ASSETS LESS CURRENT LIABILITIES

503,139

553,988

CREDITORS

Amounts falling due after more than one year

8

(443,269

)

(466,235

)

PROVISIONS FOR LIABILITIES

(31,714

)

(34,526

)

NET ASSETS

28,156

53,227

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

28,056

53,127

SHAREHOLDERS' FUNDS

28,156

53,227

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 11 September 2025 and were signed on its behalf by:

Mrs K M Spence - Director

1.	STATUTORY INFORMATION

Great Wood Farm Early Years Centre 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.

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 fair value of consideration received for net invoiced nursery fees, recognised in the period of attendance.

Goodwill

Goodwill, being the amount paid in connection with the incorporation of a partnership in April 2017, 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.

Land and Buildings

-

10% on cost and 2% on cost

Fixtures and fittings

-

25% on reducing balance and 15% 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.

Going concern

The accounts have been prepared under the going concern basis. This may not be appropriate because at 31 March 2025, the company's current liabilities exceeded their current assets by £240,895 (2024: £163,835). The directors have confirmed they will continue to support the company for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 66 (2024 - 58 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

280,000

AMORTISATION

At 1 April 2024

196,000

Charge for year

28,000

At 31 March 2025

224,000

NET BOOK VALUE

At 31 March 2025

56,000

At 31 March 2024

84,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Land and

and

Motor

Buildings

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

623,966

158,543

31,796

814,305

Additions

61,483

30,329

-

91,812

At 31 March 2025

685,449

188,872

31,796

906,117

DEPRECIATION

At 1 April 2024

80,532

77,285

22,665

180,482

Charge for year

18,580

16,738

2,283

37,601

At 31 March 2025

99,112

94,023

24,948

218,083

NET BOOK VALUE

At 31 March 2025

586,337

94,849

6,848

688,034

At 31 March 2024

543,434

81,258

9,131

633,823

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

1,200

Other debtors

8,863

9,934

8,863

11,134

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,467

10,204

Trade creditors

3,028

4,918

Taxation and social security

53,239

49,587

Other creditors

221,964

174,876

288,698

239,585

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,769

12,235

Other creditors

441,500

454,000

443,269

466,235

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100