Oban's 1st Steps Day Nursery Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: SC191823 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Oban's 1st Steps Day Nursery Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

Mrs Ann Burke

SECRETARY:

Mr William Burke

REGISTERED OFFICE:

2nd Floor

22-24 Blythswood Sqaure

Glasgow

G2 4BG

REGISTERED NUMBER:

SC191823 (Scotland)

ACCOUNTANTS:

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

FIXED ASSETS

Tangible assets

4

505,756

501,942

CURRENT ASSETS

Debtors

5

34,674

27,125

Cash at bank and in hand

81,365

18,439

116,039

45,564

CREDITORS

Amounts falling due within one year

6

110,647

71,914

NET CURRENT ASSETS/(LIABILITIES)

5,392

(26,350

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

511,148

475,592

CREDITORS

Amounts falling due after more than one year

7

(91,755

)

(80,158

)

PROVISIONS FOR LIABILITIES

(38,965

)

(38,965

)

NET ASSETS

380,428

356,469

CAPITAL AND RESERVES

Called up share capital

8

2

Revaluation reserve

9

246,849

Retained earnings

133,577

109,618

SHAREHOLDERS' FUNDS

380,428

356,469

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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 financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2025 and were signed by:

Mrs Ann Burke - Director

1.	STATUTORY INFORMATION

Oban's 1st Steps Day Nursery Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

20% on reducing balance, 2% on cost and not provided

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1 April 2024

400,000

224,268

624,268

Additions

-

18,535

At 31 March 2025

400,000

242,803

642,803

DEPRECIATION

At 1 April 2024

56,000

66,326

122,326

Charge for year

8,000

6,721

14,721

At 31 March 2025

64,000

73,047

137,047

NET BOOK VALUE

At 31 March 2025

336,000

169,756

505,756

At 31 March 2024

344,000

157,942

501,942

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 2010

246,849

-

246,849

Cost

153,151

242,803

395,954

400,000

242,803

642,803

The property was valued on a bricks and mortar basis on 25 June 2010 by Morham & Brotchie .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

4,577

2,473

Other debtors

30,097

24,652

34,674

27,125

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

24,996

20,868

Trade creditors

11,827

9,097

Taxation and social security

23,869

27,846

Other creditors

49,955

14,103

110,647

71,914

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

91,755

80,158

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

2

Ordinary Share Capital

£1

2

9.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

246,849

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

24 April 2025