REGISTERED NUMBER: 10057297 (England and Wales)

LS2Y NURSERIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Andrew Petrie

Claire Victoria McGlynn

REGISTERED OFFICE:

The Chestnut Centre

2a Chestnut Street

Huddersfield

West Yorkshire

HD2 1HJ

REGISTERED NUMBER:

10057297 (England and Wales)

ACCOUNTANTS:

SMH Sheards

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

FIXED ASSETS

Tangible assets

4

1,118

1,155

CURRENT ASSETS

Debtors

5

23,083

49,882

Cash at bank and in hand

114,155

92,430

137,238

142,312

CREDITORS

Amounts falling due within one year

6

(117,236

)

(142,426

)

NET CURRENT ASSETS/(LIABILITIES)

20,002

(114

)

TOTAL ASSETS LESS CURRENT LIABILITIES

21,120

1,041

PROVISIONS FOR LIABILITIES

7

(279

)

(219

)

NET ASSETS

20,841

822

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

20,840

821

SHAREHOLDERS' FUNDS

20,841

822

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 24 September 2025 and were signed on its behalf by:

Andrew Petrie - Director

1.	STATUTORY INFORMATION

Ls2y Nurseries 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 invoiced sales of services and are recognised on an on going monthly basis or when necessary depending on the commitment of the childcare provided.

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 machinery etc

-

33% on cost and 25% on cost

Government grants

Government grants relating to revenue are recognised in the profit and loss account on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Income from such grants is recognised only when there is reasonable assurance that the entity will comply with the conditions attached to the grant and that the grant will be received. Grants of this nature are presented as part of income in the profit and loss account, either separately under a specific heading or included within other income, depending on the nature and materiality of the grant.

Where grant income is received in advance of meeting the related conditions or incurring the related expenditure, it is initially recognised as deferred income within creditors on the balance sheet and released to profit and loss over the period in which the qualifying expenditure is recognised. Where a grant becomes receivable as compensation for expenses or losses already incurred, or to provide immediate financial support with no future related costs, it is recognised as income in the period in which it becomes receivable, provided all other recognition criteria are met.

Government grants are measured at the fair value of the income receivable.

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade creditors, accruals and amounts owed to group undertakings, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

Taxation

Taxation for the year comprises current 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 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 43 (2024 - 39 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

3,878

Additions

1,272

Disposals

(430

)

At 31 March 2025

4,720

DEPRECIATION

At 1 April 2024

2,723

Charge for year

1,202

Eliminated on disposal

(323

)

At 31 March 2025

3,602

NET BOOK VALUE

At 31 March 2025

1,118

At 31 March 2024

1,155

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

20,175

49,882

Other debtors

2,908

-

23,083

49,882

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

53

Trade creditors

4,837

62,907

Amounts owed to group undertakings

87,422

52,997

Taxation and social security

13,443

6,358

Other creditors

11,534

20,111

117,236

142,426

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

279

219

Deferred

tax

£

Balance at 1 April 2024

219

Provided during year

60

Balance at 31 March 2025

279

8.	RELATED PARTY DISCLOSURES

The balance owed to LS2Y Community Services Ltd at the end of the year was £16,155 (2024: £16,155).

The balance owed to Local Services 2 You Ltd at the end of the year was £71,267 (2024: £36,842).

All loans are interest free and repayable on demand.