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Registered number: 07738175
Early Days Nursery School Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07738175
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 11,219 10,108
11,219 10,108
CURRENT ASSETS
Debtors 6 13,278 47,349
Cash at bank and in hand 113,842 99,118
127,120 146,467
Creditors: Amounts Falling Due Within One Year 7 (55,812 ) (83,228 )
NET CURRENT ASSETS (LIABILITIES) 71,308 63,239
TOTAL ASSETS LESS CURRENT LIABILITIES 82,527 73,347
Creditors: Amounts Falling Due After More Than One Year 8 - (13,334 )
NET ASSETS 82,527 60,013
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 82,526 60,012
SHAREHOLDERS' FUNDS 82,527 60,013
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For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Nicola Murphy
Director
2nd January 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Early Days Nursery School Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07738175 . The registered office is Rear Of 81 High Street, Wallingford, Oxfordshire, OX10 0BX.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
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:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 30 (2024: 30)
30 30
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 100,000
As at 31 March 2025 100,000
Amortisation
As at 1 April 2024 100,000
As at 31 March 2025 100,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 38,641 1,090 33,376 16,830 89,937
Additions - - 3,313 1,147 4,460
As at 31 March 2025 38,641 1,090 36,689 17,977 94,397
Depreciation
As at 1 April 2024 36,891 1,046 28,456 13,436 79,829
Provided during the period 437 11 1,848 1,053 3,349
As at 31 March 2025 37,328 1,057 30,304 14,489 83,178
Net Book Value
As at 31 March 2025 1,313 33 6,385 3,488 11,219
As at 1 April 2024 1,750 44 4,920 3,394 10,108
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 13,000 38,509
Other debtors 278 8,840
13,278 47,349
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 6,217 7,780
Bank loans and overdrafts - 10,000
Other creditors 31,916 49,720
Taxation and social security 17,679 15,728
55,812 83,228
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 13,334
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mrs Nicola Murphy 5,229 - 2,999 - 2,230
The above loan is unsecured, interest free and repayable on demand.
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