1 March 2022 false No description of principal activity Taxfiler 2023.10 SC557734business:PrivateLimitedCompanyLtd2022-03-012023-02-28 SC5577342022-02-28 SC5577342022-03-012023-02-28 SC557734business:AuditExemptWithAccountantsReport2022-03-012023-02-28 SC557734business:AbridgedAccounts2022-03-012023-02-28 SC5577342023-02-28 SC557734business:Director12022-03-012023-02-28 SC557734business:RegisteredOffice2022-03-012023-02-28 SC5577342022-02-28 SC557734core:WithinOneYear2023-02-28 SC557734core:WithinOneYear2022-02-28 SC557734core:AfterOneYear2023-02-28 SC557734core:AfterOneYear2022-02-28 SC557734core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC557734core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 SC557734core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC557734core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 SC557734core:PreviouslyStatedAmount2023-02-28 SC557734core:PreviouslyStatedAmount2022-02-28 SC557734business:SmallEntities2022-03-012023-02-28 SC557734countries:Scotland2022-03-012023-02-28 SC557734core:PlantMachinery2022-03-012023-02-28 SC5577342021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC557734 (Scotland)
Lothian Childcare Solutions Ltd Unaudited accounts for the year ended 28 February 2023
Lothian Childcare Solutions Ltd Unaudited accounts Contents
Page
- 2 -
Lothian Childcare Solutions Ltd Company Information for the year ended 28 February 2023
Director
Ms P Cormack
Company Number
SC557734 (Scotland)
Registered Office
2 Atholl View Prestonpans East Lothian EH32 9FL
Accountants
GF Accountancy Services Ltd 4 Rowanhill Way Port Seton East Lothian EH32 0SZ
- 3 -
Lothian Childcare Solutions Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
466 
600 
Tangible assets
640 
1,242 
1,106 
1,842 
Current assets
Debtors
25,257 
30,697 
Cash at bank and in hand
10,522 
6,615 
35,779 
37,312 
Creditors: amounts falling due within one year
(13,310)
(6,710)
Net current assets
22,469 
30,602 
Total assets less current liabilities
23,575 
32,444 
Creditors: amounts falling due after more than one year
- 
(14,878)
Provisions for liabilities
Deferred tax
- 
(350)
Net assets
23,575 
17,216 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
23,475 
17,116 
Shareholders' funds
23,575 
17,216 
For the year ending 28 February 2023 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 25 October 2023 and were signed on its behalf by
Ms P Cormack Director Company Registration No. SC557734
- 4 -
Lothian Childcare Solutions Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Lothian Childcare Solutions Ltd is a private company, limited by shares, registered in Scotland, registration number SC557734. The registered office is 2 Atholl View, Prestonpans, East Lothian , EH32 9FL.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
20% straight line
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation. Amortisation has been provided at the following rates in order to write off the assets over their estimated useful lives: Website 33% straight line
Deferred taxation
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.
Pension costs
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.
- 5 -
Lothian Childcare Solutions Ltd Notes to the Accounts for the year ended 28 February 2023
4
Intangible fixed assets
Total 
£ 
Cost
At 1 March 2022
1,200 
Additions
250 
At 28 February 2023
1,450 
Amortisation
At 1 March 2022
600 
Charge for the year
384 
At 28 February 2023
984 
Net book value
At 28 February 2023
466 
At 28 February 2022
600 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 March 2022
4,902 
At 28 February 2023
4,902 
Depreciation
At 1 March 2022
3,660 
Charge for the year
602 
At 28 February 2023
4,262 
Net book value
At 28 February 2023
640 
At 28 February 2022
1,242 
6
Transactions with related parties
The company was under the control of Ms P Cormack throughout the current and previous period. Ms P Cormack is the managing director and sole shareholder. At the start of the period Family Payroll Ltd owed the company an amount of £21,110 and during the year various amounts were loaned to Family Payroll Ltd and various amounts were repaid by them. At the balance sheet date Family Payroll Ltd was due the company an amount of £13,781 and this is included in debtors due within one year. No interest has been charged on this loan and there is no fixed date for repayment. Ms P Cormack is the managing director and sole shareholder in Family Payroll Ltd.
7
Average number of employees
During the year the average number of employees was 32 (2022: 24).
- 6 -