Acorah Software Products - Accounts Production 14.5.601 false true true 31 December 2020 1 January 2020 false 1 January 2021 31 December 2021 31 December 2021 08810377 Mrs L M Kalis R Kalis Mrs L M Kalis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08810377 2020-12-31 08810377 2021-12-31 08810377 2021-01-01 2021-12-31 08810377 frs-core:CurrentFinancialInstruments 2021-12-31 08810377 frs-core:Non-currentFinancialInstruments 2021-12-31 08810377 frs-core:ComputerEquipment 2021-12-31 08810377 frs-core:ComputerEquipment 2021-01-01 2021-12-31 08810377 frs-core:ComputerEquipment 2020-12-31 08810377 frs-core:FurnitureFittings 2021-12-31 08810377 frs-core:FurnitureFittings 2021-01-01 2021-12-31 08810377 frs-core:FurnitureFittings 2020-12-31 08810377 frs-core:NetGoodwill 2021-12-31 08810377 frs-core:NetGoodwill 2021-01-01 2021-12-31 08810377 frs-core:NetGoodwill 2020-12-31 08810377 frs-core:ShareCapital 2021-12-31 08810377 frs-core:RetainedEarningsAccumulatedLosses 2021-12-31 08810377 frs-bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 08810377 frs-bus:FilletedAccounts 2021-01-01 2021-12-31 08810377 frs-bus:SmallEntities 2021-01-01 2021-12-31 08810377 frs-bus:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 08810377 frs-bus:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 08810377 frs-bus:Director1 2021-01-01 2021-12-31 08810377 frs-bus:Director1 2020-12-31 08810377 frs-bus:Director1 2021-12-31 08810377 frs-bus:Director2 2021-01-01 2021-12-31 08810377 frs-bus:CompanySecretary1 2021-01-01 2021-12-31 08810377 frs-countries:EnglandWales 2021-01-01 2021-12-31 08810377 2019-12-31 08810377 2020-12-31 08810377 2020-01-01 2020-12-31 08810377 frs-core:CurrentFinancialInstruments 2020-12-31 08810377 frs-core:Non-currentFinancialInstruments 2020-12-31 08810377 frs-core:ShareCapital 2020-12-31 08810377 frs-core:RetainedEarningsAccumulatedLosses 2020-12-31
Registered number: 08810377
Tiny Tots Nursery (Derby) Limited
Financial Statements
For The Year Ended 31 December 2021
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08810377
2021 2020
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,071 16,614
Tangible Assets 5 15,948 24,907
27,019 41,521
CURRENT ASSETS
Debtors 6 49,661 17,203
Cash at bank and in hand 14,916 12,647
64,577 29,850
Creditors: Amounts Falling Due Within One Year 7 (76,005 ) (42,136 )
NET CURRENT ASSETS (LIABILITIES) (11,428 ) (12,286 )
TOTAL ASSETS LESS CURRENT LIABILITIES 15,591 29,235
Creditors: Amounts Falling Due After More Than One Year 8 (34,860 ) (44,167 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,223 ) (4,733 )
NET LIABILITIES (21,492 ) (19,665 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (21,592 ) (19,765 )
SHAREHOLDERS' FUNDS (21,492) (19,665)
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For the year ending 31 December 2021 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs L M Kalis
Director
17 April 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Tiny Tots Nursery (Derby) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08810377 . The registered office is The Lodge, 93 Shardlow Road, Alvaston, Derby, Derbyshire, DE24 0JP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% straight line
Computer Equipment 33.3% straight line
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
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2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2020: 15)
13 15
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2021 55,430
As at 31 December 2021 55,430
Amortisation
As at 1 January 2021 38,816
Provided during the period 5,543
As at 31 December 2021 44,359
Net Book Value
As at 31 December 2021 11,071
As at 1 January 2021 16,614
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2021 35,962 2,621 38,583
Additions 9,201 - 9,201
Disposals (24,736 ) - (24,736 )
As at 31 December 2021 20,427 2,621 23,048
Depreciation
As at 1 January 2021 11,943 1,733 13,676
Provided during the period 3,064 614 3,678
Disposals (10,254 ) - (10,254 )
As at 31 December 2021 4,753 2,347 7,100
Net Book Value
As at 31 December 2021 15,674 274 15,948
As at 1 January 2021 24,019 888 24,907
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6. Debtors
2021 2020
£ £
Due within one year
Prepayments and accrued income 1,189 718
Other debtors - 3,162
Corporation tax recoverable assets - 1,115
Directors' loan accounts 36,583 12,208
37,772 17,203
Due after more than one year
Corporation tax recoverable 11,889 -
11,889 -
49,661 17,203
7. Creditors: Amounts Falling Due Within One Year
2021 2020
£ £
Trade creditors 6,369 7,852
Bank loans and overdrafts 9,641 5,833
Corporation tax 11,262 -
Other taxes and social security 10,830 2,842
Other creditors 672 634
Accruals and deferred income 37,231 24,975
76,005 42,136
8. Creditors: Amounts Falling Due After More Than One Year
2021 2020
£ £
Bank loans 34,860 44,167
34,860 44,167
9. Share Capital
2021 2020
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2021 Amounts advanced Amounts repaid Amounts written off As at 31 December 2021
£ £ £ £ £
Mrs Linda Kalis 12,208 24,375 - - 36,583
The above loan is unsecured, interest free and repayable on demand.
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