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Registered number: 05581960
The Island Day Nursery Limited
Unaudited Financial Statements
For The Year Ended 31 January 2026
Sawford Bullard
Blisworth Hill Farm
Stoke Road
Blisworth
Northamptonshire
NN7 3DB
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—7
Page 1
Balance Sheet
Registered number: 05581960
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 9,282 11,138
Tangible Assets 5 140,549 83,632
149,831 94,770
CURRENT ASSETS
Debtors 6 14,725 52,209
Cash at bank and in hand 393,643 235,330
408,368 287,539
Creditors: Amounts Falling Due Within One Year 7 (298,297 ) (235,899 )
NET CURRENT ASSETS (LIABILITIES) 110,071 51,640
TOTAL ASSETS LESS CURRENT LIABILITIES 259,902 146,410
Creditors: Amounts Falling Due After More Than One Year 8 (80,848 ) (78,742 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,604 ) -
NET ASSETS 167,450 67,668
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 167,350 67,568
SHAREHOLDERS' FUNDS 167,450 67,668
Page 1
Page 2
For the year ending 31 January 2026 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 R A Cullen
Director
Mr R M Cullen
Director
8 September 2026
The notes on pages 4 to 7 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 February 2024 100 (21,378 ) (21,278)
Profit for the year and total comprehensive income - 112,946 112,946
Dividends paid - (24,000) (24,000)
As at 31 January 2025 and 1 February 2025 100 67,568 67,668
Profit for the year and total comprehensive income - 149,282 149,282
Dividends paid - (49,500) (49,500)
As at 31 January 2026 100 167,350 167,450
Page 3
Page 4
Notes to the Financial Statements
1. General Information
The Island Day Nursery Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05581960 . The registered office is The Old Mill Blisworth Hill Farm, Stoke Road, Blisworth, Northampton, NN7 3DB.
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 for services rendered, net of discounts.
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 25 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:
Leasehold 4% straight line
Motor Vehicles 25% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 4
Page 5
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 43 (2025: 38)
43 38
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2025 46,410
As at 31 January 2026 46,410
Amortisation
As at 1 February 2025 35,272
Provided during the period 1,856
As at 31 January 2026 37,128
Net Book Value
As at 31 January 2026 9,282
As at 1 February 2025 11,138
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Total
£ £ £
Cost
As at 1 February 2025 248,760 43,035 291,795
Additions 22,500 51,485 73,985
Disposals - (43,035 ) (43,035 )
As at 31 January 2026 271,260 51,485 322,745
Depreciation
As at 1 February 2025 171,496 36,667 208,163
Provided during the period 10,700 1,431 12,131
Disposals - (38,098 ) (38,098 )
As at 31 January 2026 182,196 - 182,196
...CONTINUED
Page 5
Page 6
Net Book Value
As at 31 January 2026 89,064 51,485 140,549
As at 1 February 2025 77,264 6,368 83,632
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2026 2025
£ £
Motor Vehicles 51,485 -
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 739 253
Other debtors 13,986 51,956
14,725 52,209
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 600 -
Trade creditors 9,499 12,590
Bank loans and overdrafts 25,273 32,204
Other creditors 207,666 158,579
Taxation and social security 55,259 32,526
298,297 235,899
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 27,375 -
Bank loans 53,473 78,742
80,848 78,742
9. Secured Creditors
Of the creditors the following amounts are secured.
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 27,975 -
Page 6
Page 7
10. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 600 -
Later than one year and not later than five years 27,375 -
27,975 -
27,975 -
11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2025 Amounts advanced Amounts repaid Amounts written off As at 31 January 2026
£ £ £ £ £
Mr Richard Cullen 28,527 - 28,527 - -
The above loan is unsecured, interest free and repayable on demand.
Page 7