Smilers Nursery Limited - Filleted accounts

Smilers Nursery Limited
Registered number:		09720137
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,179,658			1,186,888

Current assets
Cash at bank and in hand		320,020			233,311

Creditors: amounts falling due within one year	4	(554,287)			(511,066)

Net current liabilities			(234,267)			(277,755)

Total assets less current liabilities			945,391			909,133

Creditors: amounts falling due after more than one year	5		(360,749)			(438,758)


Net assets			584,642			470,375

Capital and reserves
Called up share capital			100			100
Profit and loss account			584,542			470,275

Shareholders' funds			584,642			470,375

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Mr Sarbjit Singh Jandoo
Director
Approved by the board on 16 November 2025

Smilers Nursery Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised when received.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Equipment, fixtures and fittings			20% reducing balance basis

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.




2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					64		60




3	Tangible fixed assets
		Premises costs		Improvements		Equipment and fittings		Total
£			£		£		£
	Cost
	At 1 April 2024	1,140,310		19,438		109,335		1,269,083
	At 31 March 2025	1,140,310		19,438		109,335		1,269,083

	Depreciation
	At 1 April 2024	8,194		815		73,186		82,195
	Charge for the year	-		-		7,230		7,230
	At 31 March 2025	8,194		815		80,416		89,425

	Net book value
	At 31 March 2025	1,132,116		18,623		28,919		1,179,658
	At 31 March 2024	1,132,116		18,623		36,149		1,186,888



4	Creditors: amounts falling due within one year					2025		2024
£							£

	Directors' current account					440,369		440,369
	Bank loan					29,674		29,674
	Corporation tax					36,134		14,918
	Other taxes and social security costs					12,239		15,212
	Advance fee and parents' deposit held					9,743		6,893
	Other creditors and accruals					26,128		4,000
						554,287		511,066


5	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loan					270,749		288,758
	Bounce back loan					90,000		150,000
						360,749		438,758

6	Controlling party

	The directors control the company.

7	Other information

	Smilers Nursery Limited is a private company limited by shares and incorporated in England. Its registered office is:
	17 Leeland Mansions
	Leeland Road
	West Ealing
	London
	W13 9HE