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Registration number: 08306634

Little Companions Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2021

 

Little Companions Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Little Companions Limited

Company Information

Directors

Mrs R Juttla

Ms N Haq

Registered office

21 Priors Gardens
Ruislip
Middlesex
HA4 6UG

 

Little Companions Limited

(Registration number: 08306634)
Balance Sheet as at 30 November 2021

Note

2021
£

2020
£

Fixed assets

 

Tangible assets

4

-

740

Current assets

 

Debtors

5

-

88

Cash at bank and in hand

 

30,198

51,255

 

30,198

51,343

Creditors: Amounts falling due within one year

6

(15,241)

(18,430)

Net current assets

 

14,957

32,913

Net assets

 

14,957

33,653

Capital and reserves

 

Called up share capital

7

1,000

1,000

Retained earnings

13,957

32,653

Shareholders' funds

 

14,957

33,653

For the financial year ending 30 November 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The statement of income and directors' report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 29 August 2022 and signed on its behalf by:
 

.........................................
Mrs R Juttla
Director

 

Little Companions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
21 Priors Gardens
Ruislip
Middlesex
HA4 6UG
England

The principal place of business is:
Acorn Youth Club
Columbia Avenue
Off Beech Avenue
Eastcote
Middlesex
HA4 9SU
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A Small Entities and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except where otherwise disclosed in these accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

 

Little Companions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

The company's liability for current tax is calculated using tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

Straight line basis over 2 years

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Dividends

Equity dividends are recognised when they become payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at the annual general meeting.

Pension costs

The pension costs includes the amounts paid by the company into the company's pension plan.

3

Employee information

The average number of persons employed by the company (including directors) during the year, was 9 (2020 - 7).

 

Little Companions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2020

1,480

1,480

At 30 November 2021

1,480

1,480

Depreciation

At 1 December 2020

740

740

Charge for the year

740

740

At 30 November 2021

1,480

1,480

Carrying amount

At 30 November 2021

-

-

At 30 November 2020

740

740

5

Debtors

Current

2021
£

2020
£

Trade debtors

-

88

6

Creditors

Creditors: amounts falling due within one year

2021
£

2020
£

Due within one year

Trade creditors

-

800

Directors' current accounts

8,779

6,917

Taxation and social security

1,235

1,140

Corporation tax payable

-

7,639

Other creditors

5,227

1,934

15,241

18,430

 

Little Companions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

7

Share capital

Allotted, called up and fully paid shares

 

2021

2020

 

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000