Solihull Child First Day Nursery Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02276727 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Solihull Child First Day Nursery Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Harding

SECRETARY:

REGISTERED OFFICE:

Derngate Mews

Derngate

Northampton

Northamptonshire

NN1 1UE

REGISTERED NUMBER:

02276727 (England and Wales)

ACCOUNTANTS:

Bean Accounting

Derngate Mews

Derngate

Northampton

Northamptonshire

NN1 1UE

FIXED ASSETS

Tangible assets

4

30,546

25,198

CURRENT ASSETS

Debtors

5

153,900

143,936

Cash at bank

293

2,879

154,193

146,815

CREDITORS

Amounts falling due within one year

6

69,805

77,382

NET CURRENT ASSETS

84,388

69,433

TOTAL ASSETS LESS CURRENT LIABILITIES

114,934

94,631

CREDITORS

Amounts falling due after more than one year

7

(35,000

)

-

ACCRUALS AND DEFERRED INCOME

(5,500

)

-

NET ASSETS

74,434

94,631

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

73,434

93,631

SHAREHOLDERS' FUNDS

74,434

94,631

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16 November 2020 and were signed by:

S Harding - Director

1.	STATUTORY INFORMATION

Solihull Child First Day Nursery Limited is a private company, limited by shares , registered in England and Wales. 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.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2018 - 39 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2019

75,389

Additions

10,010

At 31 December 2019

85,399

DEPRECIATION

At 1 January 2019

50,191

Charge for year

4,662

At 31 December 2019

54,853

NET BOOK VALUE

At 31 December 2019

30,546

At 31 December 2018

25,198

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

-

8,008

Other debtors

153,900

135,928

153,900

143,936

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade creditors

7,572

6,566

Taxation and social security

25,208

14,106

Other creditors

37,025

56,710

69,805

77,382

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.19

31.12.18

£

£

Bank loans

35,000

-