Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28422022-03-01falseChildcare on nursery premises39truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03904669 2022-03-01 2023-02-28 03904669 2021-03-01 2022-02-28 03904669 2023-02-28 03904669 2022-02-28 03904669 c:Director1 2022-03-01 2023-02-28 03904669 d:Buildings d:LongLeaseholdAssets 2022-03-01 2023-02-28 03904669 d:Buildings d:LongLeaseholdAssets 2023-02-28 03904669 d:Buildings d:LongLeaseholdAssets 2022-02-28 03904669 d:MotorVehicles 2022-03-01 2023-02-28 03904669 d:OfficeEquipment 2022-03-01 2023-02-28 03904669 d:OfficeEquipment 2023-02-28 03904669 d:OfficeEquipment 2022-02-28 03904669 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 03904669 d:OtherPropertyPlantEquipment 2022-03-01 2023-02-28 03904669 d:OtherPropertyPlantEquipment 2023-02-28 03904669 d:OtherPropertyPlantEquipment 2022-02-28 03904669 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 03904669 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 03904669 d:Goodwill 2023-02-28 03904669 d:Goodwill 2022-02-28 03904669 d:CurrentFinancialInstruments 2023-02-28 03904669 d:CurrentFinancialInstruments 2022-02-28 03904669 d:Non-currentFinancialInstruments 2023-02-28 03904669 d:Non-currentFinancialInstruments 2022-02-28 03904669 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 03904669 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 03904669 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 03904669 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 03904669 d:ShareCapital 2023-02-28 03904669 d:ShareCapital 2022-02-28 03904669 d:RetainedEarningsAccumulatedLosses 2023-02-28 03904669 d:RetainedEarningsAccumulatedLosses 2022-02-28 03904669 c:FRS102 2022-03-01 2023-02-28 03904669 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 03904669 c:FullAccounts 2022-03-01 2023-02-28 03904669 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 03904669 d:WithinOneYear 2023-02-28 03904669 d:WithinOneYear 2022-02-28 03904669 d:Goodwill d:OwnedIntangibleAssets 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 03904669










LITTLE OAKS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
LITTLE OAKS LIMITED
REGISTERED NUMBER: 03904669

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
8,000
10,000

Tangible assets
 5 
121,874
81,521

  
129,874
91,521

Current assets
  

Debtors: amounts falling due within one year
 6 
3,469
8,654

Cash at bank and in hand
  
1,381
18,845

  
4,850
27,499

Creditors: amounts falling due within one year
 7 
(73,162)
(42,162)

Net current liabilities
  
 
 
(68,312)
 
 
(14,663)

Total assets less current liabilities
  
61,562
76,858

Creditors: amounts falling due after more than one year
 8 
(44,798)
(32,500)

Provisions for liabilities
  

Deferred tax
  
(4,977)
(4,813)

Net assets
  
11,787
39,545


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
11,785
39,543

  
11,787
39,545

Page 1

 
LITTLE OAKS LIMITED
REGISTERED NUMBER: 03904669
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 November 2023.




L. J. Birkin
Director

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
LITTLE OAKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Little Oaks Limited is a private company limited by shares, incorporated in England and Wales (registered number: 03904669). Its registered office is 92 High Street, Kimberley, Nottingham, NG16 2PD. The principal activity of the Company throughout the year continued to be that of the provision of childcare on nursery premises.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Page 3

 
LITTLE OAKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.4

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Income and Retained Earnings over its useful economic life. 

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

L/Term Leasehold Property
-
2%
straight line
Motor vehicles
-
30%
reducing balance
Office equipment
-
25%
reducing balance
Other fixed assets
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Page 4

 
LITTLE OAKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.8

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Employees

The average monthly number of employees, including directors, during the year was 39 (2022 - 42).

Page 5

 
LITTLE OAKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 March 2022
40,000



At 28 February 2023

40,000



Amortisation


At 1 March 2022
30,000


Charge for the year on owned assets
2,000



At 28 February 2023

32,000



Net book value



At 28 February 2023
8,000



At 28 February 2022
10,000



Page 6

 
LITTLE OAKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Tangible fixed assets





L/Term Leasehold Property
Office equipment
Asset under construction
Total

£
£
£
£



Cost or valuation


At 1 March 2022
91,897
52,873
-
144,770


Additions
-
420
43,814
44,234



At 28 February 2023

91,897
53,293
43,814
189,004



Depreciation


At 1 March 2022
18,200
45,049
-
63,249


Charge for the year on owned assets
1,838
2,043
-
3,881



At 28 February 2023

20,038
47,092
-
67,130



Net book value



At 28 February 2023
71,859
6,201
43,814
121,874



At 28 February 2022
73,697
7,824
-
81,521


6.


Debtors

2023
2022
£
£


Other debtors
3,469
8,654


Page 7

 
LITTLE OAKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
29,093
12,995

Bank loans
10,000
10,000

Other loans
9,308
-

Trade creditors
1,752
2,063

Corporation tax
6,855
-

Other creditors
16,154
17,104

73,162
42,162



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
22,500
32,500

Other loans
22,298
-

44,798
32,500



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £9,091 (2022: £8,465). Contributions totalling £769 (2022: £951) were payable to the fund at the balance sheet date and are included in creditors.


10.


Commitments under operating leases

At 28 February 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
2,565
5,090

 
Page 8