2022-01-012022-12-312022-12-31false07355206Little Legs Limited2023-09-29iso4217:GBPxbrli:pure073552062022-01-01073552062022-12-31073552062022-01-012022-12-31073552062021-01-01073552062021-12-31073552062021-01-012021-12-3107355206bus:SmallEntities2022-01-012022-12-3107355206bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3107355206bus:FullAccounts2022-01-012022-12-3107355206bus:PrivateLimitedCompanyLtd2022-01-012022-12-3107355206core:WithinOneYear2022-12-3107355206core:AfterOneYear2022-12-3107355206core:WithinOneYear2021-12-3107355206core:AfterOneYear2021-12-3107355206core:ShareCapital2022-12-3107355206core:SharePremium2022-12-3107355206core:RevaluationReserve2022-12-3107355206core:OtherReservesSubtotal2022-12-3107355206core:RetainedEarningsAccumulatedLosses2022-12-3107355206core:ShareCapital2021-12-3107355206core:SharePremium2021-12-3107355206core:RevaluationReserve2021-12-3107355206core:OtherReservesSubtotal2021-12-3107355206core:RetainedEarningsAccumulatedLosses2021-12-3107355206core:LandBuildings2022-12-3107355206core:PlantMachinery2022-12-3107355206core:Vehicles2022-12-3107355206core:FurnitureFittings2022-12-3107355206core:OfficeEquipment2022-12-3107355206core:NetGoodwill2022-12-3107355206core:IntangibleAssetsOtherThanGoodwill2022-12-3107355206core:ListedExchangeTraded2022-12-3107355206core:UnlistedNon-exchangeTraded2022-12-3107355206core:LandBuildings2021-12-3107355206core:PlantMachinery2021-12-3107355206core:Vehicles2021-12-3107355206core:FurnitureFittings2021-12-3107355206core:OfficeEquipment2021-12-3107355206core:NetGoodwill2021-12-3107355206core:IntangibleAssetsOtherThanGoodwill2021-12-3107355206core:ListedExchangeTraded2021-12-3107355206core:UnlistedNon-exchangeTraded2021-12-3107355206core:LandBuildings2022-01-012022-12-3107355206core:PlantMachinery2022-01-012022-12-3107355206core:Vehicles2022-01-012022-12-3107355206core:FurnitureFittings2022-01-012022-12-3107355206core:OfficeEquipment2022-01-012022-12-3107355206core:NetGoodwill2022-01-012022-12-3107355206core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3107355206core:ListedExchangeTraded2022-01-012022-12-3107355206core:UnlistedNon-exchangeTraded2022-01-012022-12-3107355206core:MoreThanFiveYears2022-01-012022-12-3107355206core:Non-currentFinancialInstruments2022-12-3107355206core:Non-currentFinancialInstruments2021-12-3107355206dpl:CostSales2022-01-012022-12-3107355206dpl:DistributionCosts2022-01-012022-12-3107355206dpl:AdministrativeExpenses2022-01-012022-12-3107355206core:LandBuildings2022-01-012022-12-3107355206core:PlantMachinery2022-01-012022-12-3107355206core:Vehicles2022-01-012022-12-3107355206core:FurnitureFittings2022-01-012022-12-3107355206core:OfficeEquipment2022-01-012022-12-3107355206core:NetGoodwill2022-01-012022-12-3107355206core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3107355206dpl:GroupUndertakings2022-01-012022-12-3107355206dpl:ParticipatingInterests2022-01-012022-12-3107355206dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3107355206core:ListedExchangeTraded2022-01-012022-12-3107355206dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3107355206core:UnlistedNon-exchangeTraded2022-01-012022-12-3107355206dpl:CostSales2021-01-012021-12-3107355206dpl:DistributionCosts2021-01-012021-12-3107355206dpl:AdministrativeExpenses2021-01-012021-12-3107355206core:LandBuildings2021-01-012021-12-3107355206core:PlantMachinery2021-01-012021-12-3107355206core:Vehicles2021-01-012021-12-3107355206core:FurnitureFittings2021-01-012021-12-3107355206core:OfficeEquipment2021-01-012021-12-3107355206core:NetGoodwill2021-01-012021-12-3107355206core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3107355206dpl:GroupUndertakings2021-01-012021-12-3107355206dpl:ParticipatingInterests2021-01-012021-12-3107355206dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3107355206core:ListedExchangeTraded2021-01-012021-12-3107355206dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3107355206core:UnlistedNon-exchangeTraded2021-01-012021-12-3107355206core:NetGoodwill2022-12-3107355206core:IntangibleAssetsOtherThanGoodwill2022-12-3107355206core:LandBuildings2022-12-3107355206core:PlantMachinery2022-12-3107355206core:Vehicles2022-12-3107355206core:FurnitureFittings2022-12-3107355206core:OfficeEquipment2022-12-3107355206core:AfterOneYear2022-12-3107355206core:WithinOneYear2022-12-3107355206core:ListedExchangeTraded2022-12-3107355206core:UnlistedNon-exchangeTraded2022-12-3107355206core:ShareCapital2022-12-3107355206core:SharePremium2022-12-3107355206core:RevaluationReserve2022-12-3107355206core:OtherReservesSubtotal2022-12-3107355206core:RetainedEarningsAccumulatedLosses2022-12-3107355206core:NetGoodwill2021-12-3107355206core:IntangibleAssetsOtherThanGoodwill2021-12-3107355206core:LandBuildings2021-12-3107355206core:PlantMachinery2021-12-3107355206core:Vehicles2021-12-3107355206core:FurnitureFittings2021-12-3107355206core:OfficeEquipment2021-12-3107355206core:AfterOneYear2021-12-3107355206core:WithinOneYear2021-12-3107355206core:ListedExch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Little Legs Limited

Registered Number
07355206
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

Little Legs Limited
Company Information
for the year from 1 January 2022 to 31 December 2022

Directors

Mrs J Bessell
Ms T Lassman

Registered Address

10 Western Road
Romford
RM1 3JT

Registered Number

07355206 (England and Wales)
Little Legs Limited
Balance Sheet as at
31 December 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Tangible assets7806,087805,294
806,087805,294
Current assets
Debtors1137,9641,328
Cash at bank and on hand163,99998,604
201,96399,932
Creditors amounts falling due within one year12(181,936)(208,395)
Net current assets (liabilities)20,027(108,463)
Total assets less current liabilities826,114696,831
Creditors amounts falling due after one year13(217,268)(243,527)
Provisions for liabilities14(34,249)(34,033)
Net assets574,597419,271
Capital and reserves
Called up share capital100100
Revaluation reserve181,941181,941
Profit and loss account392,556237,230
Shareholders' funds574,597419,271
The financial statements were approved and authorised for issue by the Board of Directors on 29 September 2023, and are signed on its behalf by:
Mrs J Bessell
Director
Ms T Lassman
Director

Registered Company No. 07355206
Little Legs Limited
Notes to the Financial Statements
for the year ended 31 December 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company continued to be that of children's nursery.
4.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
5.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Land & buildings - Remeasurement to fair value Fixtures & fittings - 3 years straight line basis Motor vehicles - 25% reducing balance basis
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Government grants and other government assistance policy
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
6.Employee information

20222021
Average number of employees during the year2824
7.Property, plant and equipment

Land & buildings

Vehicles

Fixtures & fittings

Total

££££
Cost or valuation
At 01 January 22803,67216,78024,287844,739
Additions--2,5662,566
At 31 December 22803,67216,78026,853847,305
Depreciation and impairment
At 01 January 2244115,76523,23939,445
Charge for year732541,4461,773
At 31 December 2251416,01924,68541,218
Net book value
At 31 December 22803,1587612,168806,087
At 31 December 21803,2311,0151,048805,294
The fair value of the property at 31 December 2022 has been arrived at on the basis of a valuation carried out by the directors who are not professionally qualified valuers. The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties.
8.Description of nature of transactions and balances with related parties
Included in other debtors is £23,385.07 (2021 - £48,961 included in other creditors) which is due from a company of which a director has a participating interest by way of an interest free loan.
9.Directors advances, credits and guarantees
At the year end the company owed one of the directors £150 (2021 - £7,000) by way of a loan that is shown in creditors due within one year.
10.Dividends proposed and payable
Included in the above were dividends payable to the directors of £Nil (2020 - £Nil).
11.Debtors

2022

2021

££
Other debtors29,379205
Prepayments and accrued income8,5851,123
Total37,9641,328
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
12.Creditors within one year

2022

2021

££
Trade creditors / trade payables23,5032,533
Bank borrowings and overdrafts42,73450,882
Taxation and social security52,66533,345
Other creditors63,034121,635
Total181,936208,395
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
13.Creditors after one year

2022

2021

££
Bank borrowings and overdrafts217,268243,527
Total217,268243,527
The commercial mortgage due within and after more than one year is secured by a charge against the company's freehold property of 664 Rayleigh Road, Hutton, Brentwood, Essex, CM13 1SJ, by Barclays Bank plc, delivered on 13 November 2010, and a charge also by a director and current shareholder, delivered on 16 November 2010. The mortgage is secured by a personal guarantee from one of the directors, to the sum of £100,000. A fixed and floating debenture is held over all of the company's assets by a director and shareholder delivered on 26 May 2011. Barclays Bank plc also hold a fixed and floating debenture and guarantee over all of the company's assets, delivered on 9 November 2010 and 11 May 2012.
14.Provisions for liabilities

2022

2021

££
Net deferred tax liability (asset)34,24934,033
Total34,24934,033