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REGISTERED NUMBER: 10452363 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

LITTLE WIZARD'S PRE-SCHOOL LIMITED

LITTLE WIZARD'S PRE-SCHOOL LIMITED (REGISTERED NUMBER: 10452363)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LITTLE WIZARD'S PRE-SCHOOL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mrs M Chamings
Mrs K Daley





REGISTERED OFFICE: Unit E BS Mills
Buxton Road
Stockport
Cheshire
SK12 2PY





REGISTERED NUMBER: 10452363 (England and Wales)





ACCOUNTANTS: Walker Thompson Ltd
Accountants and Registered Auditors
Empress House
43A Binley Road
Coventry
CV3 1HU

LITTLE WIZARD'S PRE-SCHOOL LIMITED (REGISTERED NUMBER: 10452363)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,196 6,199

CURRENT ASSETS
Debtors 5 5,141 13,567
Cash at bank 19,846 10,433
24,987 24,000
CREDITORS
Amounts falling due within one year 6 20,944 16,758
NET CURRENT ASSETS 4,043 7,242
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,239

13,441

CREDITORS
Amounts falling due after more than one
year

7

8,257

13,306
NET (LIABILITIES)/ASSETS (18 ) 135

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (20 ) 133
SHAREHOLDERS' FUNDS (18 ) 135

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 WIZARD'S PRE-SCHOOL LIMITED (REGISTERED NUMBER: 10452363)

BALANCE SHEET - continued
31 OCTOBER 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 29 January 2024 and were signed on its behalf by:





Mrs M Chamings - Director


LITTLE WIZARD'S PRE-SCHOOL LIMITED (REGISTERED NUMBER: 10452363)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Little Wizard's Pre-School 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to Property - 3 Years straight line

Fixtures & Fittings - 15 % per annum on reducing balance

Office Equipment - 15% per annum on reducing balance

It is the company's policy to capitalise as a fixed asset any item which costs in excess of £500.00 at the time at which it is brought into use.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 WIZARD'S PRE-SCHOOL LIMITED (REGISTERED NUMBER: 10452363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 14 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Office
property fittings equipment Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 22,189 3,445 1,333 26,967
DEPRECIATION
At 1 November 2022 19,122 1,173 473 20,768
Charge for year 1,533 341 129 2,003
At 31 October 2023 20,655 1,514 602 22,771
NET BOOK VALUE
At 31 October 2023 1,534 1,931 731 4,196
At 31 October 2022 3,067 2,272 860 6,199

LITTLE WIZARD'S PRE-SCHOOL LIMITED (REGISTERED NUMBER: 10452363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Improveme
to
property
£   
COST
At 1 November 2022
and 31 October 2023 22,189
DEPRECIATION
At 1 November 2022 19,122
Charge for year 1,533
At 31 October 2023 20,655
NET BOOK VALUE
At 31 October 2023 1,534
At 31 October 2022 3,067

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 5,141 13,567

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 12,195 8,133
Other creditors 8,749 8,625
20,944 16,758

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 8,257 13,306

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £2 2 2

LITTLE WIZARD'S PRE-SCHOOL LIMITED (REGISTERED NUMBER: 10452363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mrs M Chamings and Mrs K Daley
Balance outstanding at start of year - -
Amounts advanced 51,641 -
Amounts repaid (46,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,141 -