1st Steps Day Nursery Limited |
Registered Number:09643281 |
For the year ended 30 June 2022
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2022
1st Steps Day Nursery Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
1st Steps Day Nursery Limited
Statement of Financial Position
2021
2022
Property, plant and equipment |
3,931
3,066
2
3,931
3,066
Trade and other receivables |
10,329
18,316
3
83,625
Cash and cash equivalents |
119,027
137,343
93,954
Trade and other payables: amounts falling due within one |
year |
(44,335)
(89,566)
4
49,619
47,777
Net current assets
Total assets less current liabilities |
51,708
52,685
(747)
(583)
Provisions for liabilities |
50,961
Net assets
52,102
2
2
50,959
52,100
50,961
52,102
Shareholders' funds
For the year ended 30 June 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 of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 04 April 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 June 2022
1st Steps Day Nursery Limited
Notes to the Financial Statements
Statutory Information
1st Steps Day Nursery Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 09643281. |
Wantz Library
Rainham Road North
Dagenham
RM10 7DX
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Fixtures and fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
Financial Instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the |
contractual provisions of the instrument. |
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction |
price. |
Basic financial liabilities |
Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing |
transaction, where the debt instrument is measured at the present value of the future payments discounted at a |
market rate of interest. Financial liabilities classified as payable within one year are not amortised. |
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For the year ended 30 June 2022
1st Steps Day Nursery Limited
Notes to the Financial Statements Continued
Equity Instruments
Equity instruments issued by the company are recorded at the proceeds received. Dividends payable on equity |
instruments are recognised as liabilities once they are no longer at the discretion of the company. |
2. Property, plant and equipment |
26,819
3,381
30,200
Provision for depreciation and impairment |
23,753
Charge for year
2,516
26,269
3,931
3,066
3. Trade and other receivables |
2021
2022
Prepayments and accrued income |
7,849
1,740
10,467
8,589
10,329
18,316
4. Trade and other payables: amounts falling due within one year |
2021
2022
Taxation and social security |
17,525
17,073
Accruals and deferred income |
28,621
7,240
41,313
18,199
2,107
1,823
89,566
44,335
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For the year ended 30 June 2022
1st Steps Day Nursery Limited
Notes to the Financial Statements Continued
5. Directors advances and guarantees |
Loaned
Repaid
J Pope
Director's Loan Account
-
-
4,801
4,801
-
-
4,801
4,801
The director's overdrawn loan account was unsecured and repayable on demand, No interest was charged.
6. Average number of persons employed |
During the year the average number of employees was 18 (2021 : 17)
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