Happy Nest Nursery - Filleted accounts

Registered number

02843233

Happy Nest Nursery

Filleted Accounts

31 March 2025

Happy Nest Nursery
Balance Sheet
as at 31 March 2025
The Trustees' present their report and accounts for the Year Ended 31 March 2025

Notes			2025			2024
£				£
Tangible Fixed Assets
Equipment	8		3,497			1,367
			3,497			1,367

Current assets
Debtors		5,488			8,071
Cash at bank and in hand		623,270			591,951
		632,255			601,389

Creditors: amounts falling due within one year	9	(2,273)			(17,468)

Net current assets			629,982			583,921
Net assets			629,982			583,921

Represented by;
Trust Funds	10		629,982			583,921

			629,982			583,921

			Number			Number
Average number of employees			16			13

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 ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the 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 accounts, so far as applicable to the company.
The accounts have been prepared in accordance with the provisions in Part 15 of the companies Act 2006 applicable to companies subject to the small companies regim
A Genc
Trustee
Approved by the board on 16 December 2025

Happy Nest Nursery
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

a)	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).


b)	Depreciation
	Depreciation has been provided at the following rate in order to write off the assets over
	their estimated useful lives.

	Property, Plant and Equipment		25% Straight line method


c)	Certain expenditure is directly attributable to specific activites and has been included in
	those cost categories. Certain overhead expenditures (as shown in note 5) has been
	apportioned on the basis of the estimated time spent by the staff on the three main
	activites of the charitable company.

2	Costs of generating Funds		2025	2024
	Indirect costs (note 5)		87,928	70,120
			87,928	70,120

3	Charitable Activities
	Equipments, toys & books		9,527	10,834
	Nursery food and drinks		13,752	14,578
	Other direct costs		5,453	4,767
	Indirect costs (note 5)		175,854	141,592
			204,586	171,771

4	Governance costs
	Accountancy		3,096	2,982
	Indirect costs (note 5)		87,928	71,796
			91,024	74,778

5	Indirect costs
		Costs of Generating Funds	Charitable Activites	Governance Costs	Total 2025	Total 2024
		£	£	£	£	£
	Staff costs (note 6)	80,256	160,512	80,256	321,023	250,577
	Printing & Stationary & Post	473	946	473	1,892	1,542
	Telephone & Fax	177	355	177	709	648
	Cleaning	732	1,464	732	2,927	2,169
	Light & Heat	1,251	2,502	1,251	5,003	4,755
	Rates	189	377	189	754	759
	Depreciation	633	1,267	633	2,533	12,598
	Rent	1,962	3,924	1,962	7,848	7,848
	Bank charges	71	142	71	283	368
	Repairs & Maintanance	-	-	-	-	850
	Insurance	473	946	473	1,892	1,965
	Subscriptions	433	865	433	1,730	1,077
	PEST Control	380	760	380	1,520	1387
	Professional Fee	237	473	237	946	595
	Sundry	661	1,321	661	2,642	38
		87,928	175,854	87,928	351,702	287,176

6	Staff costs				2025	2024
	Wages and salaries				305,192	237,732
	Employers NIC				9,470	6,100
	Pension				6,124	4,314
	Staff training & welfare				237	2,431
					321,023	250,577

7	Debtors				2025	2024
	Accrued Income/Expense				5,488	8,071
					5,488	8,071

8	Tangible fixed assets					PPE
	Cost
	At 1st April 2024					50,390
	Additions					4,663
	At 31st March 2025					55,053

	Depreciation
	At 1st April 2024					49,023
	Charge for the year					2,533
	At 31st March 2025					51,556

	Net book value
	At 31st March 2025					3,497
	At 1st April 2024					1,367


9	Creditors: amounts falling due within one year				2025	2,024
	Trade Creditors				-	-
	Accruals				1,414	11,420
	Other Creditors				859	6,048
					2,273	17,468

10	Trust Funds
	At 1 April				583,921	552,480
	Retained Profit				46,061	31,441

	At 31 March				629,982	583,921


11	Average number of Employees
	The average number of employees during the year was 16 (2024 - 13).