Woodlands Nursery (Derby) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02955645 (England and Wales)

Financial Statements

for the Year Ended 31 March 2021

for

Woodlands Nursery (Derby) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J V Pratt

Mrs S D Pratt

SECRETARY:

T J V Pratt

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

BUSINESS ADDRESS:

194 Duffield Road

Derby

DE22 1BJ

REGISTERED NUMBER:

02955645 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

49,987

59,163

49,987

59,163

CURRENT ASSETS

Debtors

6

88,210

112,176

CREDITORS

Amounts falling due within one year

7

79,765

126,383

NET CURRENT ASSETS/(LIABILITIES)

8,445

(14,207

)

TOTAL ASSETS LESS CURRENT LIABILITIES

58,432

44,956

CREDITORS

Amounts falling due after more than one year

8

7,143

22,824

NET ASSETS

51,289

22,132

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

51,287

22,130

SHAREHOLDERS' FUNDS

51,289

22,132

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2021 and were signed on its behalf by:

Mrs S D Pratt - Director

1.	STATUTORY INFORMATION

Woodlands Nursery (Derby) 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 represents sales of services provided. Fees receivable and services for the nursery are accounted for in the year in which the services are provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised over its estimated remaining useful life of 5 years from 1 April 2015.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Grants received

Revenue grants are recognised in the profit and loss so as to match with the expenditure to which they are intended to contribute. .

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2020 - 41 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2020

and 31 March 2021

250,000

AMORTISATION

At 1 April 2020

and 31 March 2021

250,000

NET BOOK VALUE

At 31 March 2021

-

At 31 March 2020

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2020

117,067

33,514

2,440

153,021

Additions

1,025

-

591

1,616

At 31 March 2021

118,092

33,514

3,031

154,637

DEPRECIATION

At 1 April 2020

68,598

24,089

1,171

93,858

Charge for year

7,426

2,356

1,010

10,792

At 31 March 2021

76,024

26,445

2,181

104,650

NET BOOK VALUE

At 31 March 2021

42,068

7,069

850

49,987

At 31 March 2020

48,469

9,425

1,269

59,163

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Directors' current account

88,077

111,916

Prepayments

133

260

88,210

112,176

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

19,036

72,527

Hire purchase contracts

1,981

4,022

Trade creditors

4,077

1,548

Tax

40,824

35,940

Social security and other taxes

8,573

5,748

Other creditors

5,274

6,598

79,765

126,383

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

7,143

21,429

Hire purchase contracts

-

1,395

7,143

22,824

9.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

21,429

35,715

Hire purchase contracts

1,981

5,417

23,410

41,132