Company Registration No. 08440032 (England and Wales)
Rainbow Day Nursery (Bromley) Limited
Unaudited accounts
for the year ended 31 March 2025
Rainbow Day Nursery (Bromley) Limited
Unaudited accounts
Contents
Rainbow Day Nursery (Bromley) Limited
Statement of financial position
as at 31 March 2025
Tangible assets
121,887
146,883
Cash at bank and in hand
3,590,266
2,680,229
Creditors: amounts falling due within one year
(1,004,301)
(850,908)
Net current assets
2,931,319
2,053,685
Total assets less current liabilities
3,053,206
2,200,568
Provisions for liabilities
Deferred tax
(30,472)
(36,721)
Net assets
3,022,734
2,163,847
Called up share capital
200
200
Profit and loss account
3,022,534
2,163,647
Shareholders' funds
3,022,734
2,163,847
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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 July 2025 and were signed on its behalf by
Ms B Stenson
Director
Company Registration No. 08440032
Rainbow Day Nursery (Bromley) Limited
Notes to the Accounts
for the year ended 31 March 2025
Rainbow Day Nursery (Bromley) Limited is a private company, limited by shares, registered in England and Wales, registration number 08440032. The registered office is 4E The Lanterns, 16 Melbourn Street, Royston, Herts, SG8 7BX, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Sections 1A ? The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and similar allowances.
Revenue from the sale of services is recognised when the services are delivered.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on a straight line basis at rates of 25% per annum.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
The accounts are presented in £ sterling.
Taxation represents the sum of tax currently payable and deferred tax.
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 taxation is recognised on all timing differences between the carrying amounts of the assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. 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 the tax rates (and laws) that have been enacted or substantively enacted by the end of the reporting period.
Rainbow Day Nursery (Bromley) Limited
Notes to the Accounts
for the year ended 31 March 2025
The company operates a defined contribution pension scheme and the pension charged represents the amounts payable by the company to the fund in respect of the year.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Charge for the year
35,772
Amounts falling due within one year
Accrued income and prepayments
78,995
87,903
Other debtors
266,359
136,461
Rainbow Day Nursery (Bromley) Limited
Notes to the Accounts
for the year ended 31 March 2025
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
111,510
108,277
Taxes and social security
352,482
250,953
Other creditors
528,832
453,750
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Transactions with related parties
During the year the Company paid rent of £500,545 (2023: £427,500) to Mulberry Corner Developments Limited.
Mulberry Corner Developments Limited holds shares in the Company and has joint ownership by the Director.
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Average number of employees
During the year the average number of employees was 164 (2024: 110).