Bambino Ltd Filleted Accounts Cover
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Company No. 05444436
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Bambino Ltd Directors Report Registrar
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The Directors present their report and the accounts for the 6 month period ended 31 December 2020.
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Principal activities
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Events after the balance sheet date On 28th October 2021, 100% of the share capital of the company was purchase by The Old Station Nursery Limited (company number 4430168). The Old Station Nursery Limited principal activity is also the provision of nursery services. Accounting period change The directors have shortened the accounting period from 30th June 2021 to 31st December 2020 to align the accounting period with The Old Station Nursery Limited. |
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Directors
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The Directors who served at any time during the period were as follows:
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S. Peach
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(Resigned 28 January 2021)
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S. Roberts
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(Resigned 28 January 2021)
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S.J. Steel
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(Appointed 28 January 2021)
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S. Forestier
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(Appointed 28 January 2021)
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Signed on behalf of the board
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S.J. Steel
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Director
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16 December 2021
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Bambino Ltd Balance Sheet Registrar
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at
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as at Dec
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as at June
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Company No.
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Notes
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2020
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2020
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£
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£
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Fixed assets
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Intangible assets
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5
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Tangible assets
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6
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Current assets
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Debtors
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7
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Cash at bank and in hand
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Creditors: Amount falling due within one year
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8
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(
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(
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Net current assets
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Total assets less current liabilities
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Provisions for liabilities
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Deferred taxation
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9
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(
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Net assets
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Capital and reserves
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Called up share capital
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Profit and loss account
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10
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Total equity
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As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
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Approved by the board on 13 December 2021
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And signed on its behalf by:
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S.J. Steel
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Director
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16 December 2021
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Bambino Ltd Notes to the Accounts Registrar
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for the period ended 31 December 2020
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1
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General information
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Its registered number is: 05444436
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Its registered office is:
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2
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Accounting policies
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Turnover
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The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity. |
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Intangible fixed assets
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Goodwill amortisation is charged on a straight line basis so as to write off the cost of the asset, less its residual value assumed to be zero, over its useful economic life, which is estimated to be four years being based on the average number of years a child spends at nursery. If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new expectations. |
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Tangible fixed assets and depreciation
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At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. |
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Plant and machinery
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Furniture, fittings and equipment
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Taxation
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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 profit and loss account 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. |
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Grant Income
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Trade and other debtors
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Trade and other creditors
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Defined contribution pensions
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The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
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Provisions
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Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. |
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3
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Change in length of the reporting period
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The length of the reporting period has changed from 12 months to 30th June 2020 to 31st December 2020. Therefore the comparatives are not comparable.'
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4
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Employees
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6m to Dec
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yr to Jun
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2020
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2020
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Number
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Number
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The average monthly number of employees (including directors) during the period:
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26
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26
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5
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Intangible fixed assets
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Goodwill
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Other
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Total
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£
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£
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£
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Cost
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At 1 July 2020
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At 31 December 2020
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Amortisation and impairment
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At 1 July 2020
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Charge for the year
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At 31 December 2020
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Net book values
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At 31 December 2020
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At 30 June 2020
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6
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Tangible fixed assets
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Plant and machinery
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Fixtures, fittings and equipment
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Total
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£
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£
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£
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Cost or revaluation
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At 1 July 2020
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Additions
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At 31 December 2020
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Depreciation
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At 1 July 2020
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Charge for the year
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At 31 December 2020
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Net book values
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At 31 December 2020
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At 30 June 2020
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7
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Debtors
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as at Dec
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as at Jun
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2020
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2020
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£
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£
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Other debtors
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Prepayments and accrued income
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8
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Creditors:
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amounts falling due within one year
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as at Dec
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as at Jun
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2020
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2020
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£
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£
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Bank loans and overdrafts
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Trade creditors
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Corporation tax
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Other taxes and social security
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Loans from directors
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Other creditors
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Accruals and deferred income
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(
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9
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Provisions for liabilities
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Deferred taxation
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Accelerated Capital Allowances, Losses and Other Timing Differences
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Total
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£
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£
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Charge to the profit and loss account for the period
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1,408
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At 31 December 2020
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1,408
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10
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Reserves
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