Otters Nursery Schools Ltd - Accounts to registrar (filleted) - small 18.2

Otters Nursery Schools Ltd - Accounts to registrar (filleted) - small 18.2

OTTERS NURSERY SCHOOLS LTD - Company Information

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REGISTERED NUMBER: 08796060 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2020

FOR

OTTERS NURSERY SCHOOLS LTD
d&t
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU








OTTERS NURSERY SCHOOLS LTD (REGISTERED NUMBER: 08796060)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OTTERS NURSERY SCHOOLS LTD


COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2020







DIRECTOR: R Angell





SECRETARY: S Vare





REGISTERED OFFICE: Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU





REGISTERED NUMBER: 08796060 (England and Wales)





ACCOUNTANTS: d&t
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU
Page 1
OTTERS NURSERY SCHOOLS LTD (REGISTERED NUMBER: 08796060)


BALANCE SHEET
31 AUGUST 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,143 26,617

CURRENT ASSETS
Debtors 5 17,288 10,223
Cash at bank and in hand 71,623 15,100
88,911 25,323
CREDITORS
Amounts falling due within one year 6 47,767 45,323
NET CURRENT ASSETS/(LIABILITIES) 41,144 (20,000 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
71,287
6,617

CREDITORS
Amounts falling due after more than one
year
7
(19,925
)
(32,673
)

PROVISIONS FOR LIABILITIES (2,058 ) -
NET ASSETS/(LIABILITIES) 49,304 (26,056 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 49,204 (26,156 )
SHAREHOLDERS' FUNDS 49,304 (26,056 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 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 notes form part of these financial statements

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OTTERS NURSERY SCHOOLS LTD (REGISTERED NUMBER: 08796060)


BALANCE SHEET - continued
31 AUGUST 2020


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 20 May 2021 and were signed by:





R Angell - Director


The notes form part of these financial statements

Page 3
OTTERS NURSERY SCHOOLS LTD (REGISTERED NUMBER: 08796060)


NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020

1. STATUTORY INFORMATION

Otters Nursery Schools Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 25% straight line basis
Fixtures and fittings - 25% straight line basis
Computer equipment - 33% straight line basis

GOVERNMENT GRANTS
The company have accounted for government grants due to them at the reporting date, as a result of the country going into lockdown due to Covid-19 in late March 2020. The funds due to the company have been accounted for on an accruals basis.

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.

Page 4 continued...
OTTERS NURSERY SCHOOLS LTD (REGISTERED NUMBER: 08796060)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2020

2. ACCOUNTING POLICIES - continued

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 19 (2019 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2019 82,033
Additions 5,946
At 31 August 2020 87,979
DEPRECIATION
At 1 September 2019 55,416
Charge for year 2,420
At 31 August 2020 57,836
NET BOOK VALUE
At 31 August 2020 30,143
At 31 August 2019 26,617

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 17,288 10,223

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts - 9,927
Taxation and social security 20,149 16,983
Other creditors 27,618 18,413
47,767 45,323

Page 5 continued...
OTTERS NURSERY SCHOOLS LTD (REGISTERED NUMBER: 08796060)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2020

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2020 2019
£    £   
Other creditors 19,925 32,673

8. LEASING AGREEMENTS
At 31st August 2020, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £45,720 (2019: £68,580).

Page 6