Company Registration No. 03554142 (England and Wales)
New Horizons Nursery School Limited
Unaudited accounts
for the year ended 31 March 2021
New Horizons Nursery School Limited
Unaudited accounts
Contents
New Horizons Nursery School Limited
Company Information
for the year ended 31 March 2021
Company Number
03554142 (England and Wales)
Registered Office
Mottingham Hall Community Centre
4 Mottingham Road, Edmonton
LONDON
N9 8DY
ENGLAND
Accountants
Puritas Accounting
2 Falcon Gate, Shire Park
Welwyn Garden City
Herts
AL7 1TW
New Horizons Nursery School Limited
Statement of financial position
as at
31 March 2021
Cash at bank and in hand
28,977
4,425
Creditors: amounts falling due within one year
(9,120)
(10,933)
Net current assets
31,339
17,011
Total assets less current liabilities
31,478
17,203
Creditors: amounts falling due after more than one year
(30,000)
-
Profit and loss account
1,478
17,203
Members' funds
1,478
17,203
For the year ending 31 March 2021 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 21 December 2021 and were signed on its behalf by
Sharon Reece
Director
Company Registration No. 03554142
New Horizons Nursery School Limited
Notes to the Accounts
for the year ended 31 March 2021
New Horizons Nursery School Limited is a private company, limited by guarantee, registered in England and Wales, registration number 03554142. The registered office is Mottingham Hall Community Centre, 4 Mottingham Road, Edmonton , LONDON, N9 8DY, ENGLAND.
2
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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2020
10,598
8,847
1,764
21,209
At 31 March 2021
10,598
8,847
1,764
21,209
At 1 April 2020
10,591
8,731
1,695
21,017
Charge for the year
7
29
17
53
At 31 March 2021
10,598
8,760
1,712
21,070
At 31 March 2021
-
87
52
139
At 31 March 2020
7
116
69
192
New Horizons Nursery School Limited
Notes to the Accounts
for the year ended 31 March 2021
5
Debtors: amounts falling due within one year
2021
2020
Amounts due from group undertakings etc.
10,798
22,835
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
(179)
960
Loans from directors
423
423
7
Creditors: amounts falling due after more than one year
2021
2020
The company received a CBILS Loan of £30,000 repayable over 5 years, with APR of 2%. The first 12 months interest 0% APR, with repayments starting on 4 January 2022.
8
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
9
Average number of employees
During the year the average number of employees was 12 (2020: 12).