Flying Start Nurseries (SW) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07395530

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Flying Start Nurseries (SW) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S R Cowburn

Mrs S W E Cowburn

Mrs S G Rose

J Rose

REGISTERED OFFICE:

Flora House

Stone Way

Pool

Redruth

Cornwall

TR15 3FG

REGISTERED NUMBER:

07395530

ACCOUNTANTS:

Colin Truscott Accountancy Limited

9 Heron Close

Tresillian

Cornwall

TR2 4BH

FIXED ASSETS

Intangible assets

4

18,333

20,833

Tangible assets

5

688,181

769,323

706,514

790,156

CURRENT ASSETS

Stocks

1,500

Debtors

6

33,428

70,092

Cash at bank and in hand

592,342

195,399

627,270

266,991

CREDITORS

Amounts falling due within one year

7

348,874

268,622

NET CURRENT ASSETS/(LIABILITIES)

278,396

(1,631

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

984,910

788,525

CREDITORS

Amounts falling due after more than
one year

8

(297,075

)

(328,403

)

PROVISIONS FOR LIABILITIES

11

(50,388

)

(59,264

)

NET ASSETS

637,447

400,858

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

637,347

400,758

SHAREHOLDERS' FUNDS

637,447

400,858

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 6 August 2026 and were signed on its behalf by:

S R Cowburn - Director

1.	STATUTORY INFORMATION

Flying Start Nurseries (SW) Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover

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

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be readily measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates Value Added Tax and other sales taxes.

Revenue from a contract to provide services is recognised in the period which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: the amount of revenue can be measured reliably; it is probable they the company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.

Goodwill

Goodwill is being amortised over 10 years. This is considered by the directors to be a reliable estimate of the useful life of the goodwill

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

10% on cost

Equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 112 (2025 - 111 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

725,000

AMORTISATION

At 1 April 2025

704,167

Amortisation for year

2,500

At 31 March 2026

706,667

NET BOOK VALUE

At 31 March 2026

18,333

At 31 March 2025

20,833

5.	TANGIBLE FIXED ASSETS

Freehold

Long

property

leasehold

Equipment

Totals

£

COST

At 1 April 2025

561,808

437,780

166,347

1,165,935

Additions

-

14,833

Disposals

-

(3,582

)

(3,582

)

At 31 March 2026

561,808

437,780

177,598

1,177,186

DEPRECIATION

At 1 April 2025

45,468

291,574

59,570

396,612

Charge for year

11,236

43,778

40,961

95,975

Eliminated on disposal

-

(3,582

)

(3,582

)

At 31 March 2026

56,704

335,352

96,949

489,005

NET BOOK VALUE

At 31 March 2026

505,104

102,428

80,649

688,181

At 31 March 2025

516,340

146,206

106,777

769,323

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

9,310

4,087

Other debtors

3,463

47,422

Prepayments

20,655

18,583

33,428

70,092

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts (see note 9)

29,669

38,787

Trade creditors

4,696

8,212

Tax

182,417

92,792

Social security and other taxes

24,947

17,203

Other creditors

17,400

13,282

Directors' current accounts

11,848

5,920

Deferred income

68,360

83,174

Accrued expenses

9,537

9,252

348,874

268,622

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2026

2025

£

Bank loans (see note 9)

297,075

328,403

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

199,583

219,088

9.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

Amounts falling due within one year or on demand:

Bank loans

29,669

38,787

Amounts falling due between one and two years:

Bank loans - 1-2 years

31,088

31,443

Amounts falling due between two and five years:

Bank loans - 2-5 years

66,404

77,872

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

199,583

219,088

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Bank loans

326,744

367,190

The bank loan is secured on leasehold property known as land at University College St Mark and St John and the freehold property at Cornwall College.

11.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

50,388

59,264

Deferred

tax

£

Balance at 1 April 2025

59,264

Accelerated capital allowances

(8,876

)

Balance at 31 March 2026

50,388

12.	RELATED PARTY DISCLOSURES

During the year £20,000 (2025: £20,000) has been paid for the rental of a property used in the business which is owned by a pension fund belonging to Mr S R Cowburn (Director and Shareholder).

Mrs S W & Mr S R Cowburn loaned funds to the company and at the year end this balance totalled £11,848 (2025: £5,920). Interest totalling £1,280 (2025: £1,040) was paid on this loan in respect of the previous year.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S R Cowburn and Mrs S W Cowburn (directors and shareholders).