Company Registration No. 04488650 (England and Wales)
Scallywags Nursery & Pre-School Limited
Unaudited accounts
for the year ended 30 November 2022
Scallywags Nursery & Pre-School Limited
Unaudited accounts
Contents
Scallywags Nursery & Pre-School Limited
Statement of financial position
as at 30 November 2022
Tangible assets
999,083
968,356
Cash at bank and in hand
53,671
68,626
Creditors: amounts falling due within one year
(193,807)
(176,577)
Net current liabilities
(140,136)
(107,951)
Total assets less current liabilities
858,947
864,605
Provisions for liabilities
Deferred tax
(11,924)
(6,086)
Net assets
847,023
858,519
Called up share capital
100
100
Profit and loss account
846,923
858,419
Shareholders' funds
847,023
858,519
For the year ending 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 June 2023 and were signed on its behalf by
Julia Campbell
Director
Company Registration No. 04488650
Scallywags Nursery & Pre-School Limited
Notes to the Accounts
for the year ended 30 November 2022
Scallywags Nursery & Pre-School Limited is a private company, limited by shares, registered in England and Wales, registration number 04488650. The registered office is MONCRIEFFE HOUSE, 11 MONCRIEFFE ROAD, SHEFFIELD, SOUTH YORKSHIRE, S7 1HQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The accounts are presented in £ sterling.
Goodwill, being the amount paid in connection with the acquisition of the business in 2001, is being amortised evenly over it's estimated useful life of twenty years.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
not provided
Fixtures & fittings
20% on reducing balance
Computer equipment
20% on reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Scallywags Nursery & Pre-School Limited
Notes to the Accounts
for the year ended 30 November 2022
4
Intangible fixed assets
Goodwill
At 30 November 2022
84,000
At 30 November 2022
84,000
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2021
936,323
68,035
9,768
1,014,126
Additions
-
40,562
682
41,244
At 30 November 2022
936,323
108,597
10,450
1,055,370
At 1 December 2021
-
39,800
5,970
45,770
Charge for the year
-
9,746
771
10,517
At 30 November 2022
-
49,546
6,741
56,287
At 30 November 2022
936,323
59,051
3,709
999,083
At 30 November 2021
936,323
28,235
3,798
968,356
There has been no revaluation of the Freehold Property as the director is of the opinion that the valuation shown on the Balance Sheet is a fair reflection at that date. The valuation will continue to be reviewed annually.
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Creditors: amounts falling due within one year
2022
2021
Trade creditors
9,265
6,799
Taxes and social security
72,669
89,981
Other creditors
102,833
69,841
Loans from directors
2,029
4,532
7
Average number of employees
During the year the average number of employees was 40 (2021: 37).
