10 false false false false false false false false false true false false false false false false No description of principal activity 2022-09-01 Sage Accounts Production Advanced 2021 - FRS102_2021 26,572 3,937 30,509 12,011 2,774 14,785 15,724 14,561 xbrli:pure xbrli:shares iso4217:GBP 09504404 2022-09-01 2023-08-31 09504404 2023-08-31 09504404 2022-08-31 09504404 2021-09-01 2022-08-31 09504404 2022-08-31 09504404 bus:Director1 2022-09-01 2023-08-31 09504404 core:WithinOneYear 2023-08-31 09504404 core:WithinOneYear 2022-08-31 09504404 core:AfterOneYear 2023-08-31 09504404 core:AfterOneYear 2022-08-31 09504404 core:ShareCapital 2023-08-31 09504404 core:ShareCapital 2022-08-31 09504404 core:RetainedEarningsAccumulatedLosses 2023-08-31 09504404 core:RetainedEarningsAccumulatedLosses 2022-08-31 09504404 bus:Director1 2022-08-31 09504404 bus:Director1 2023-08-31 09504404 bus:Director1 2021-08-31 09504404 bus:Director1 2022-08-31 09504404 bus:Director1 2021-09-01 2022-08-31 09504404 bus:SmallEntities 2022-09-01 2023-08-31 09504404 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 09504404 bus:FullAccounts 2022-09-01 2023-08-31 09504404 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 09504404 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09504404 core:OfficeEquipment 2022-09-01 2023-08-31 09504404 core:OfficeEquipment 2022-08-31 09504404 core:OfficeEquipment 2023-08-31
COMPANY REGISTRATION NUMBER: 09504404
Tickleford Preschool Limited
Filleted Unaudited Financial Statements
31 August 2023
Tickleford Preschool Limited
Statement of Financial Position
31 August 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
5
15,724
14,561
Current assets
Stocks
12,500
12,250
Debtors
6
32,991
17,644
Cash at bank and in hand
20,401
34,785
--------
--------
65,892
64,679
Creditors: amounts falling due within one year
7
50,142
42,261
--------
--------
Net current assets
15,750
22,418
--------
--------
Total assets less current liabilities
31,474
36,979
Creditors: amounts falling due after more than one year
8
31,281
36,291
--------
--------
Net assets
193
688
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
192
687
----
----
Shareholder funds
193
688
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Tickleford Preschool Limited
Statement of Financial Position (continued)
31 August 2023
These financial statements were approved by the board of directors and authorised for issue on 13 March 2024 , and are signed on behalf of the board by:
Mr A B F Hiscock
Director
Company registration number: 09504404
Tickleford Preschool Limited
Notes to the Financial Statements
Year ended 31 August 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 36a Hiltingbury Road, Chandlers Ford, Eastleigh, Hampshire, SO53 5SS, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 10 (2022: 11 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 September 2022
26,572
26,572
Additions
3,937
3,937
--------
--------
At 31 August 2023
30,509
30,509
--------
--------
Depreciation
At 1 September 2022
12,011
12,011
Charge for the year
2,774
2,774
--------
--------
At 31 August 2023
14,785
14,785
--------
--------
Carrying amount
At 31 August 2023
15,724
15,724
--------
--------
At 31 August 2022
14,561
14,561
--------
--------
6. Debtors
2023
2022
£
£
Trade debtors
557
557
Other debtors
32,434
17,087
--------
--------
32,991
17,644
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
6,010
6,010
Trade creditors
2,632
6,069
Corporation tax
12,719
18,778
Other creditors
28,781
11,404
--------
--------
50,142
42,261
--------
--------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
31,281
36,291
--------
--------
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr A B F Hiscock
( 783)
( 13,531)
( 14,314)
----
--------
----
--------
2022
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr A B F Hiscock
9,086
( 783)
( 9,086)
( 783)
-------
----
-------
----
10. Related party transactions
The company was under the control of Mr A B F Hiscock throughout the current and previous year. Mr A B F Hiscock is the managing director and principal shareholder. Mr A B F Hiscock is also the managing director and majority shareholder of Shirley Preschool Limited and Foundry Lane Preschool Limited.