Company Registration No. SC185199 (Scotland)
Sword (Nursery) Limited
Unaudited accounts
for the year ended 30 June 2021
Sword (Nursery) Limited
Statement of financial position
as at 30 June 2021
Tangible assets
1,057,103
1,092,143
Cash at bank and in hand
294,886
67,138
Creditors: amounts falling due within one year
(505,217)
(453,583)
Net current liabilities
(121,904)
(373,816)
Total assets less current liabilities
935,199
718,327
Creditors: amounts falling due after more than one year
(216,068)
(235,270)
Net assets
719,131
483,057
Called up share capital
100
100
Profit and loss account
719,031
482,957
Shareholders' funds
719,131
483,057
For the year ending 30 June 2021 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 directors acknowledge their 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 of Directors and authorised for issue on 22 June 2022 and were signed on its behalf by
Usha Devi Fowdar
Director
Company Registration No. SC185199
Sword (Nursery) Limited
Notes to the Accounts
for the year ended 30 June 2021
Sword (Nursery) Limited is a private company, limited by shares, registered in Scotland, registration number SC185199. The registered office is Thistle House, Scholars Gate, East Kilbride, G75 9JL.
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.
The accounts are presented in £ sterling.
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
Leasehold - 15% reducing balance
Plant & machinery
25% reducing balance
Fixtures & fittings
15% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2020
1,232,876
77,567
143,547
1,453,990
Additions
-
-
10,331
10,331
At 30 June 2021
1,232,876
77,567
153,878
1,464,321
At 1 July 2020
211,295
57,173
93,379
361,847
Charge for the year
33,237
3,059
9,075
45,371
At 30 June 2021
244,532
60,232
102,454
407,218
At 30 June 2021
988,344
17,335
51,424
1,057,103
At 30 June 2020
1,021,581
20,394
50,168
1,092,143
Sword (Nursery) Limited
Notes to the Accounts
for the year ended 30 June 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
78,207
9,177
Accrued income and prepayments
10,220
3,452
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
18,402
18,042
Trade creditors
9,618
4,812
Amounts owed to group undertakings and other participating interests
339,000
339,000
Taxes and social security
76,580
10,865
Loans from directors
58,047
58,797
7
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
216,068
235,270
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 45 (2020: 45).
