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REGISTERED NUMBER: 10028855 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Little Learners Sunderland Limited

Little Learners Sunderland Limited (Registered number: 10028855)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Little Learners Sunderland Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: L Smith
Mrs B Smith





REGISTERED OFFICE: 47-50 Ettrick Grove
High Barnes
Sunderland
Tyne And Wear
SR3 4AW





REGISTERED NUMBER: 10028855 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Little Learners Sunderland Limited (Registered number: 10028855)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 287,755 287,755
Tangible assets 5 670,636 672,306
958,391 960,061

CURRENT ASSETS
Debtors 6 236,560 143,402
Cash at bank 27,147 134,035
263,707 277,437
CREDITORS
Amounts falling due within one year 7 111,234 105,380
NET CURRENT ASSETS 152,473 172,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,110,864

1,132,118

CREDITORS
Amounts falling due after more than one
year

8

(237,396

)

(280,847

)

PROVISIONS FOR LIABILITIES (837 ) (1,083 )
NET ASSETS 872,631 850,188

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 546,383 546,383
Retained earnings 326,148 303,705
SHAREHOLDERS' FUNDS 872,631 850,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Little Learners Sunderland Limited (Registered number: 10028855)

Statement of Financial Position - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by:




L Smith - Director



Mrs B Smith - Director


Little Learners Sunderland Limited (Registered number: 10028855)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Little Learners Sunderland Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is not being amortised as the directors' believe to do so would not show the true and fair value of the asset held.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% Straight line
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% Straight line

Freehold property - not provided

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Little Learners Sunderland Limited (Registered number: 10028855)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 287,755
NET BOOK VALUE
At 31 March 2023 287,755
At 31 March 2022 287,755

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 664,693 379 12,306 10,594 687,972
Additions - - 476 - 476
At 31 March 2023 664,693 379 12,782 10,594 688,448
DEPRECIATION
At 1 April 2022 - 379 7,088 8,199 15,666
Charge for year - - 1,139 1,007 2,146
At 31 March 2023 - 379 8,227 9,206 17,812
NET BOOK VALUE
At 31 March 2023 664,693 - 4,555 1,388 670,636
At 31 March 2022 664,693 - 5,218 2,395 672,306

Little Learners Sunderland Limited (Registered number: 10028855)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 6,482 7,395
Other debtors 122,000 66,500
Directors' current accounts 74,191 43,135
Prepayments 14,132 13,723
216,805 130,753

Amounts falling due after more than one year:
Tax 19,755 12,649

Aggregate amounts 236,560 143,402

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 37,652 41,624
Trade creditors 14,136 12,937
Tax 35,521 32,834
Social security and other taxes 9,537 7,581
Accrued expenses 14,388 10,404
111,234 105,380

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-5 years 100,710 114,012
Bank loans more than 5 years 136,686 166,835
237,396 280,847

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 136,686 166,835

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 266,532 310,581

The bank loans are secured on the Freehold property.

Little Learners Sunderland Limited (Registered number: 10028855)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
L Smith and Mrs B Smith
Balance outstanding at start of year 43,136 42,891
Amounts advanced 136,281 103,872
Amounts repaid (128,225 ) (103,627 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,192 43,136

11. ULTIMATE CONTROLLING PARTY

The directors, each with 50% of the called up share capital, are the controlling parties of the company.