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

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 director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

Doodlebugs Day Nurseries Ltd. is a private company limited by shares incorporated in Scotland. The registered office is 2 Marshall Place, Perth, Scotland, PH2 8AH.

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'.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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.

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover is measured at the fair value of the consideration receivable and represents amounts receivable for nursery services rendered, stated net of discounts. Service revenues are recognised as those services are provided to customers.

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

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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.

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, other creditors and directors' loans.

Trade debtors and trade creditors are measured at the transaction amount receivable from a customer or payable to a supplier, which is normally the invoice amount.

Trade debtors are assessed at the end of each reporting period for objective evidence of impairment. If such evidence if found, an impairment loss is recognised in profit and loss.

Accruals and other creditors are measured at the transaction amount expected to be paid after the year end.

Directors' loans which are repayable on demand are measured at the undiscounted cash expected to be paid.

The taxation expense represents the aggregate amount of current and deferred tax 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Place of business

The business addresses are:

Doodlebugs (Aberuthven), Main Street, Aberuthven, Perthshire, PH3 1HE.

Doodlebugs (Bridge of Earn), Edinburgh Road, Bridge of Earn, Perthshire, PH2 9PP.

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.

The average monthly number of persons (including directors) employed by the company during the year was:

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

The company rents the Nursery at Aberuthven from Julie Richardson, the sole director and shareholder of the company. The rent charged this year amounted to £7,000 (2024 - £7,000). No amounts were outstanding at the year end.

At 31 March 2025, the director owed the company £20,703 (2024 - £65,972). Total advances and credits during the year amounted to £55,773 whilst repayments amounted to £101,042. Interest at 2.25% is charged on the average outstanding loan during the year and amounted to £975. This loan was fully repaid on 6 April 2025.