Company registration number 08018347 (England and Wales)
LOLLIPOPS PRESCHOOL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
LOLLIPOPS PRESCHOOL LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
LOLLIPOPS PRESCHOOL LIMITED (REGISTERED NUMBER: 08018347)
BALANCE SHEET
AS AT
31 JULY 2023
31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
0
4,000
Tangible assets
4
-
0
11,809
-
0
15,809
Current assets
Stocks
-
1,100
Debtors
5
56,795
58,196
Cash at bank and in hand
24,101
21,464
80,896
80,760
Creditors: amounts falling due within one year
6
(92,829)
(75,648)
Net current (liabilities)/assets
(11,933)
5,112
Total assets less current liabilities
(11,933)
20,921
Provisions for liabilities
-
0
(2,244)
Net (liabilities)/assets
(11,933)
18,677
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(11,934)
18,676
Total equity
(11,933)
18,677

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

LOLLIPOPS PRESCHOOL LIMITED (REGISTERED NUMBER: 08018347)
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2023
31 July 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 25 March 2024
Ms R P Harte
Director
LOLLIPOPS PRESCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023
- 3 -
1
Accounting policies
Company information

Lollipops Preschool Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Old Manor Way, Chislehurst, Kent, BR7 5XS.

1.1
Reporting period

The company has utilised an extended period up to the point of trade cessation.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The company will cease to trade. Despite this the accounts have been prepared on a going concern basis as it would not be materially different to prepare under an alternative basis.true

1.4
Turnover

Turnover represents gross income received for provision of services and management charges to a connected company.

1.5
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of an unincorporated business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
over 4 years
Computer equipment
over 4 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

LOLLIPOPS PRESCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2023
1
Accounting policies
(Continued)
- 4 -
1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
2022
Number
Number
Total
20
24
LOLLIPOPS PRESCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2023
- 5 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2022
20,000
Disposals
(20,000)
At 31 July 2023
-
0
Amortisation and impairment
At 1 April 2022
16,000
Disposals
(16,000)
At 31 July 2023
-
0
Carrying amount
At 31 July 2023
-
0
At 31 March 2022
4,000
4
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 April 2022
22,453
4,356
26,809
Additions
898
-
0
898
Disposals
(23,351)
(4,356)
(27,707)
At 31 July 2023
-
0
-
0
-
0
Depreciation and impairment
At 1 April 2022
14,166
834
15,000
Depreciation charged in the period
350
89
439
Eliminated in respect of disposals
(14,516)
(923)
(15,439)
At 31 July 2023
-
0
-
0
-
0
Carrying amount
At 31 July 2023
-
0
-
0
-
0
At 31 March 2022
8,287
3,522
11,809
LOLLIPOPS PRESCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2023
- 6 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
56,881
Other debtors
56,795
1,315
56,795
58,196
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,168
28,229
Taxation and social security
11,961
11,894
Other creditors
79,700
35,525
92,829
75,648
2023-07-312022-04-01false25 March 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMs R P HarteMr D S Malcolmfalse080183472022-04-012023-07-31080183472023-07-31080183472022-03-3108018347core:NetGoodwill2023-07-3108018347core:NetGoodwill2022-03-3108018347core:FurnitureFittings2023-07-3108018347core:ComputerEquipment2023-07-3108018347core:FurnitureFittings2022-03-3108018347core:ComputerEquipment2022-03-3108018347core:CurrentFinancialInstrumentscore:WithinOneYear2023-07-3108018347core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3108018347core:CurrentFinancialInstruments2023-07-3108018347core:CurrentFinancialInstruments2022-03-3108018347core:ShareCapital2023-07-3108018347core:ShareCapital2022-03-3108018347core:RetainedEarningsAccumulatedLosses2023-07-3108018347core:RetainedEarningsAccumulatedLosses2022-03-3108018347bus:Director12022-04-012023-07-3108018347core:Goodwill2022-04-012023-07-3108018347core:FurnitureFittings2022-04-012023-07-3108018347core:ComputerEquipment2022-04-012023-07-31080183472021-04-012022-03-3108018347core:NetGoodwill2022-03-3108018347core:NetGoodwill2022-04-012023-07-3108018347core:FurnitureFittings2022-03-3108018347core:ComputerEquipment2022-03-31080183472022-03-3108018347core:WithinOneYear2023-07-3108018347core:WithinOneYear2022-03-3108018347bus:PrivateLimitedCompanyLtd2022-04-012023-07-3108018347bus:SmallCompaniesRegimeForAccounts2022-04-012023-07-3108018347bus:FRS1022022-04-012023-07-3108018347bus:AuditExemptWithAccountantsReport2022-04-012023-07-3108018347bus:CompanySecretary12022-04-012023-07-3108018347bus:FullAccounts2022-04-012023-07-31xbrli:purexbrli:sharesiso4217:GBP