Abacus Nursery (SW) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07590216

Abacus Nursery (SW) Limited

Filleted Unaudited Financial Statements

31 August 2025

Abacus Nursery (SW) Limited

Financial Statements

Year ended 31 August 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Abacus Nursery (SW) Limited

Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	16,000	32,000
Tangible assets	6	5,410	7,213
		--------	--------
		21,410	39,213

Current assets

Debtors	7	2,229	1,868
Cash at bank and in hand		106,977	99,352
		---------	---------
		109,206	101,220

Creditors: amounts falling due within one year	8	44,462		60,186
		---------		---------
Net current assets			64,744	41,034
			--------	--------
Total assets less current liabilities			86,154	80,247

Creditors: amounts falling due after more than one year	9	25,476	30,974
		--------	--------
Net assets		60,678	49,273
		--------	--------

Capital and reserves

Called up share capital	4	4
Profit and loss account	60,674	49,269
	--------	--------
Shareholders funds	60,678	49,273
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Abacus Nursery (SW) Limited

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 28 October 2025 , and are signed on behalf of the board by:

D Whipps

Director

Company registration number: 07590216

Abacus Nursery (SW) Limited

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 293 Cheddon Road, Taunton, Somerset, TA2 7BA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts.

Income tax

The taxation expense represents the aggregate amount of current recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

	Goodwill	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	10% straight line
Motor vehicles	-	33% reducing balance
Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 32 (2024: 33 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 September 2024 and 31 August 2025	80,000
	--------
Amortisation
At 1 September 2024	48,000
Charge for the year	16,000
	--------
At 31 August 2025	64,000
	--------
Carrying amount
At 31 August 2025	16,000
	--------
At 31 August 2024	32,000
	--------

6. Tangible assets

	Freehold property	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 September 2024 and 31 August 2025	36,282	412	26,458	63,152
	--------	----	--------	--------
Depreciation
At 1 September 2024	36,282	412	19,245	55,939
Charge for the year	–	–	1,803	1,803
	--------	----	--------	--------
At 31 August 2025	36,282	412	21,048	57,742
	--------	----	--------	--------
Carrying amount
At 31 August 2025	–	–	5,410	5,410
	--------	----	--------	--------
At 31 August 2024	–	–	7,213	7,213
	--------	----	--------	--------

7. Debtors

	2025	2024
	£	£
Other debtors	2,229	1,868
	-------	-------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,498	5,363
Corporation tax	17,586	30,405
Social security and other taxes	803	5,697
Other creditors	20,575	18,721
	--------	--------
	44,462	60,186
	--------	--------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	25,476	30,974
	--------	--------

10. Related party transactions

At the period end the company owed the directors £7,103 (2024: £5,189). At the year end the company owed £10,000 (2024: £10,000) to a company under common control.