Playaway Day Nursery (UK) Limited - Period Ending 2020-08-31

Playaway Day Nursery (UK) Limited

Contents

Company Information	1
Balance Sheet and Notes to the Financial Statements	2 to 5

Playaway Day Nursery (UK) Limited

Company Information

Directors

Mr K Gaskell Mrs JC Gaskell Miss E M Gaskell

Registered office

34 Boulevard Weston-super-Mare Somerset BS23 1NF

Accountants

Four Fifty Partnership Chartered Accountants 34 Boulevard Weston-super-Mare Somerset BS23 1NF

Playaway Day Nursery (UK) Limited

(Registration number: 07712034)
Balance Sheet as at 31 August 2020

	2020 £	2019 £
Fixed assets	33,233	39,009
Current assets	88,768	35,792
Prepayments and accrued income	438	750
Creditors: Amounts falling due within one year	(38,582)	(28,646)
Net current assets	50,624	7,896
Total assets less current liabilities	83,857	46,905
Accruals and deferred income	(2,870)	(2,432)
	80,987	44,473
Capital and reserves	80,987	44,473

Playaway Day Nursery (UK) Limited

(Registration number: 07712034)
Balance Sheet as at 31 August 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

The presentation currency of the financial statements is Pound Sterling (£). All monetary amounts are rounded to the nearest pound.

COVID-19

The company was severely affected by COVID-19 during the year, within which it was required to close from the end of March for 3 months.

During this time, the company took advantage of Government assistance wherever possible, namely the Coronavirus Job Retention Scheme and the Small Business Grant Fund. The company has also received a Bounce Back Loan of £50,000 since the year end.

The company has continued to trade throughout the remainder of the year and since the year end. COVID-19 is not expected to have any further significant impact on the company.

Management has determined that there is no material uncertainty that casts doubt on the company's ability to continue as a going concern.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2019 - 12).

Playaway Day Nursery (UK) Limited

(Registration number: 07712034)
Balance Sheet as at 31 August 2020

3	Related party transactions

Rent charged on property owned by directors below market rate to 5 April 2020, at market rate thereafter £6,936 (2019 - £1,320).

4	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2019 £	2018 £
Not later than one year	4,276	288
Later than one year and not later than five years	1,008	-
	5,284	288

The amount of non-cancellable operating lease payments recognised as an expense during the year was £7,513 (2019 - £1,896).

Playaway Day Nursery (UK) Limited

(Registration number: 07712034)
Balance Sheet as at 31 August 2020

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 August 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 10 May 2021 and signed on its behalf by:
 

.........................................

Mrs JC Gaskell
Director