Buttercups Day Nursery Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05943577 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Buttercups Day Nursery Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J L Lesniarek

N Perez Lopez

SECRETARY:

J L Lesniarek

REGISTERED OFFICE:

14 Tweseldown Road,

Church Crookham

Hampshire

GU52 8DE

REGISTERED NUMBER:

05943577 (England and Wales)

ACCOUNTANTS:

Gilroy & Brookes Accountants Ltd

Suite 15

The Enterprise Centre

Coxbridge Business Park

Farnham

Surrey

GU10 5EH

FIXED ASSETS

Intangible assets

4

51,764

53,792

Tangible assets

5

21,638

23,095

73,402

76,887

CURRENT ASSETS

Debtors

6

508

462

Cash at bank

10,484

25,111

10,992

25,573

CREDITORS

Amounts falling due within one year

7

(30,983

)

(31,684

)

NET CURRENT LIABILITIES

(19,991

)

(6,111

)

TOTAL ASSETS LESS CURRENT LIABILITIES

53,411

70,776

CREDITORS

Amounts falling due after more than one year

8

(1,535

)

(2,100

)

PROVISIONS FOR LIABILITIES

(291

)

(568

)

NET ASSETS

51,585

68,108

CAPITAL AND RESERVES

Called up share capital

9

200

200

Retained earnings

51,385

67,908

SHAREHOLDERS' FUNDS

51,585

68,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 20 October 2021 and were signed on its behalf by:

N Perez Lopez - Director

1.	STATUTORY INFORMATION

Buttercups 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.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of forty years.

TANGIBLE FIXED ASSETS

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 5 years

Office Equipment - 3 years

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 24 (2020 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2020

and 31 March 2021

81,000

AMORTISATION

At 1 April 2020

27,208

Amortisation for year

2,028

At 31 March 2021

29,236

NET BOOK VALUE

At 31 March 2021

51,764

At 31 March 2020

53,792

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2020

and 31 March 2021

20,105

37,760

8,494

66,359

DEPRECIATION

At 1 April 2020

-

36,023

7,241

43,264

Charge for year

-

933

524

1,457

At 31 March 2021

-

36,956

7,765

44,721

NET BOOK VALUE

At 31 March 2021

20,105

804

729

21,638

At 31 March 2020

20,105

1,737

1,253

23,095

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Prepayments and accrued income

508

462

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

2,584

101

Tax

11,162

17,238

PAYE/NI liability

4,250

3,660

Other creditors

1,448

1,048

Credit card

478

524

Wages control account

2,071

2,057

Directors' current accounts

5,815

3,645

Accruals and deferred income

3,175

3,411

30,983

31,684

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Parents Deposits

1,535

2,100

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100

100

Ordinary type B

£1

100

100

200

200

10.	ULTIMATE CONTROLLING PARTY

The company was under the control of J L Lesniarek & N Perez Lopez throughout the current and previous period who are equal shareholders and directors of the company.

11.	EVENT DURING THE REPORTING PERIOD

For the period ended on 31/03/2021, the Coronavirus (COVID-19) has emerged globally resulting in a significant impact on businesses worldwide. As a result some business operations have been restricted, however company continues to operate using alternative methods and remote working. The directors are unable to evaluate the overall financial impact on the business at present. Hence the financial statements do not include any adjustments that might result from the outcome of this uncertainty. The directors are continuing to monitor, assess and act with reference to the current changing environment in order to position the company to ensure its future success.