Company Registration No. 11841104 (England and Wales)
ADVENTURE AWAITS DAY NURSERY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021
PAGES FOR FILING WITH REGISTRAR
ADVENTURE AWAITS DAY NURSERY LTD
COMPANY INFORMATION
Directors
Mr B Eaves
Mrs R E Eaves
Company number
11841104
Registered office
62 Birchfield Road
Redditch
B97 4LH
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Barclays Bank Plc
Leicester
Leicestershire
LE87 2BB
ADVENTURE AWAITS DAY NURSERY LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
ADVENTURE AWAITS DAY NURSERY LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ADVENTURE AWAITS DAY NURSERY LTD FOR THE YEAR ENDED 30 NOVEMBER 2021
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Adventure Awaits Day Nursery Ltd for the year ended 30 November 2021 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance
.
This report is made solely to the Board of Directors of Adventure Awaits Day Nursery Ltd, as a body, in accordance with
our
terms
of
engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Adventure Awaits Day Nursery Ltd
and state those matters that we have agreed to state to the Board of Directors of Adventure Awaits Day Nursery Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Adventure Awaits Day Nursery Ltd and its Board of Directors as a body, for
our work or for this report.
It is your duty to ensure that Adventure Awaits Day Nursery Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets,
liabilities, financial position and profit of Adventure Awaits Day Nursery Ltd. You consider that Adventure Awaits Day Nursery Ltd is exempt from the statutory audit
requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Adventure Awaits Day Nursery Ltd. For this reason, we have not verified the accuracy or completeness of the
accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ormerod Rutter Limited
20 June 2022
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
ADVENTURE AWAITS DAY NURSERY LTD
BALANCE SHEET
AS AT 30 NOVEMBER 2021
30 November 2021
- 2 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
3
37,426
32,854
Current assets
Debtors
4
40,079
32,259
Cash at bank and in hand
25,551
21,430
65,630
53,689
Creditors: amounts falling due within one year
5
(67,660)
(50,404)
Net current (liabilities)/assets
(2,030)
3,285
Total assets less current liabilities
35,396
36,139
Creditors: amounts falling due after more than one year
6
(28,000)
(36,000)
Provisions for liabilities
7
(7,038)
Net assets
358
139
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
258
39
Total equity
358
139
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
ADVENTURE AWAITS DAY NURSERY LTD
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2021
30 November 2021
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 20 June 2022 and are signed on its behalf by:
Mr B Eaves
Mrs R E Eaves
Director
Director
Company Registration No. 11841104
ADVENTURE AWAITS DAY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021
- 4 -
1
Accounting policies
Company information
Adventure Awaits Day Nursery Ltd is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
62 Birchfield Road, Redditch, B97 4LH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business
.
Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
20% on reducing balance
Computer equipment
33% on cost
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the
profit and loss account
because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
ADVENTURE AWAITS DAY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2021
1
Accounting policies
(Continued)
- 5 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the
profit and loss account
, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the
company
has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.5
Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.7
Leases
Rentals payable under operating leases,
including
any lease incentives received, are charged to
profit or loss
on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.
1.8
Government grants
Government grants are recognised at the fair value of the asset receive
d
or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met
. Where a
grant does not specify performance conditions
it
is recognised in income when the proceeds are received or receivable
. A grant received before the recognition criteria are satisfied is recognised as a liability.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 17
(2020 - 7).
ADVENTURE AWAITS DAY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2021
- 6 -
3
Tangible fixed assets
Fixtures and fittings
Computer equipment
Total
£
£
£
Cost
At 1 December 2020
32,344
1,829
34,173
Additions
4,914
2,725
7,639
At 30 November 2021
37,258
4,554
41,812
Depreciation and impairment
At 1 December 2020
709
610
1,319
Depreciation charged in the year
1,550
1,517
3,067
At 30 November 2021
2,259
2,127
4,386
Carrying amount
At 30 November 2021
34,999
2,427
37,426
At 30 November 2020
31,635
1,219
32,854
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Trade debtors
40,079
31,923
Deferred tax asset
336
40,079
32,259
5
Creditors: amounts falling due within one year
2021
2020
£
£
Bank loans and overdrafts
8,000
4,000
Trade creditors
685
Taxation and social security
34,543
778
Other creditors
24,432
45,626
67,660
50,404
6
Creditors: amounts falling due after more than one year
2021
2020
£
£
Bank loans and overdrafts
28,000
36,000
ADVENTURE AWAITS DAY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2021
- 7 -
7
Provisions for liabilities
2021
2020
£
£
Deferred tax liabilities
7,038
8
Secured debts
The following secured debts are included within creditors:
2021
2020
£
£
Bank loans
36,000
40,000
Bank loans are secured by way of a government backed-guarantee.
9
Called up share capital
2021
2020
£
£
Ordinary share capital
Issued and fully paid
60 Ordinary A of £1 each
60
60
40 Ordinary B of £1 each
40
40
100
100
10
Ultimate controlling party
The ultimate controlling party is Mrs R E Eaves.
2021-11-30
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Mrs R E Eaves
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