Abbotswood Day Nursery Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Abbotswood Day Nursery Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06888974 . The registered office is 25 Ringwood Road, Alderholt, Dorset, SP6 3DF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of, rebates and discounts.

The company recognises revenue when, the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class Amortisation method and rate:

Goodwill 10% on cost

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	none
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.5. Leasing and Hire Purchase Contracts

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease

obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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Abbotswood Day Nursery Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Financial Instruments

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other

resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred

and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the

reporting period in which the dividends are declared.

2.7. Taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

2.8. Pensions

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 64 (2024: 42)

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Abbotswood Day Nursery Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	75,000

As at 31 March 2025	75,000

Amortisation
As at 1 April 2024	75,000

As at 31 March 2025	75,000

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

5. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	517,893	75,697	65,888	1,153	660,631
Additions	182,619	-	-	-	182,619

As at 31 March 2025	700,512	75,697	65,888	1,153	843,250

Depreciation
As at 1 April 2024	-	26,021	52,857	450	79,328
Provided during the period	-	12,419	3,258	176	15,853

As at 31 March 2025	-	38,440	56,115	626	95,181

Net Book Value
As at 31 March 2025	700,512	37,257	9,773	527	748,069

As at 1 April 2024	517,893	49,676	13,031	703	581,303

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	344,617	195,597

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	7,267	7,267
Bank loans and overdrafts	116,003	25,755
Other creditors	46,350	62,571
Taxation and social security	222,553	127,951

	392,173	223,544

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Abbotswood Day Nursery Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	31,066	38,334
Bank loans	402,380	460,755

	433,446	499,089

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	7,267	7,267
Later than one year and not later than five years	31,066	38,334

	38,333	45,601

	38,333	45,601

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	120	120

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		748,069		581,303

			748,069		581,303
CURRENT ASSETS
Debtors	6	344,617		195,597
Cash at bank and in hand		155,832		81,846

		500,449		277,443
Creditors: Amounts Falling Due Within One Year	7	(392,173 )		(223,544 )

NET CURRENT ASSETS (LIABILITIES)			108,276		53,899

TOTAL ASSETS LESS CURRENT LIABILITIES			856,345		635,202

Creditors: Amounts Falling Due After More Than One Year	8		(433,446 )		(499,089 )

NET ASSETS			422,899		136,113

CAPITAL AND RESERVES
Called up share capital	10		120		120
Profit and Loss Account			422,779		135,993

SHAREHOLDERS' FUNDS			422,899		136,113