Archfield House Nursery School Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 8

Archfield House Nursery School Limited

(Registration number: 04642147)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 (Restated) £
Fixed assets
Intangible assets	4	-	8,750
Tangible assets	5	296,599	321,481
		296,599	330,231
Current assets
Debtors	6	227,158	267,537
Cash at bank and in hand		1,220,632	724,421
		1,447,790	991,958
Creditors: Amounts falling due within one year	7	(521,488)	(337,211)
Net current assets		926,302	654,747
Total assets less current liabilities		1,222,901	984,978
Provisions for liabilities		(463,171)	(457,981)
Net assets		759,730	526,997
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		758,730	525,997
Shareholders' funds		759,730	526,997

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 20 April 2026 and signed on its behalf by:
 

R L Clevett Director

Archfield House Nursery School Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Archfield House
Archfield Road
Cotham
Bristol
BS6 6BE

Principal activity

The principal activity of the company is the operation of day nurseries.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Archfield House Nursery School Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Prior period errors

Provisions for dilapidations on leases entered into in 2009 and 2017 had not previously been provided for. These have now been provided for by restating the brought forward reserves as at 1 April 2023 to include repair and redecoration costs, discounted to their net present value, and depreciation on reinstatement costs, also discounted to their net present value. The Corporation Tax relief due on the repair and redecoration costs has also been included with a corresponding debtor in the balance sheet.

The effect of the the above restatement on the accounts for the year ended 31 March 2024 is a decrease in reserves brought forward of £346,708, an increase in fixed assets of £34,487, a decrease in liabilities of £56,472 and an increase in debtors of £25,554.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Page 3

Archfield House Nursery School Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Short leasehold land and buildings	Over the life of the lease
Long leasehold land and buildings	Not depreciated
Plant and machinery	15% reducing balance
Motor vehicles	20% reducing balance

Impairment

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.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	20 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Archfield House Nursery School Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in the profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 83 (2024 - 71).

Archfield House Nursery School Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	175,000	175,000
At 31 March 2025	175,000	175,000
Amortisation
At 1 April 2024	166,250	166,250
Amortisation charge	8,750	8,750
At 31 March 2025	175,000	175,000
Carrying amount
At 31 March 2025	-	-
At 31 March 2024	8,750	8,750

5	Tangible assets

	Long leasehold land and buildings £	Short leasehold land and buildings (restated) £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	200,000	289,165	262,043	24,836	776,044
Additions	-	-	4,330	-	4,330
At 31 March 2025	200,000	289,165	266,373	24,836	780,374
Depreciation
At 1 April 2024	-	254,745	186,594	13,225	454,564
Charge for the year	-	14,922	11,967	2,322	29,211
At 31 March 2025	-	269,667	198,561	15,547	483,775
Carrying amount
At 31 March 2025	200,000	19,498	67,812	9,289	296,599
At 31 March 2024	200,000	34,421	75,449	11,611	321,481

Archfield House Nursery School Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

6

Debtors

	Note	2025 £	2024 (Restated) £
Trade debtors		86,853	122,106
Other debtors		124,918	107,862
Prepayments		15,387	12,015
Income tax asset		-	25,554
		227,158	267,537

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 (Restated) £
Due within one year
Trade creditors	14,303	11,990
Taxation and social security	77,427	28,562
Accruals and deferred income	114,016	40,500
Other creditors	315,742	256,159
	521,488	337,211

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

Archfield House Nursery School Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	48,000	48,000
Later than one year and not later than five years	144,000	192,000
	192,000	240,000

The amount of non-cancellable operating lease payments recognised as an expense during the year was £72,000 (2024 - £94,800).

10	Related party transactions

Transactions with directors

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
Director 1	(807)	60,346	(42,000)	17,539
Director 2	80,265	41,898	(42,000)	80,163
	79,458	102,244	(84,000)	97,702

2024	At 1 April 2023 £	Advances to director £	Repayments by director £	At 31 March 2024 £
Director 1	(48)	159,181	(159,940)	(807)
Director 2	79,649	127,476	(126,860)	80,265
	79,601	286,657	(286,800)	79,458

Interest on overdrawn directors' loans is charged at the average official rate.

£16,977 of the director 1 overdrawn balance of £17,539 was repaid on 16 December 2025.