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NANNY TOTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






NANNY TOTS LIMITED (REGISTERED NUMBER: 05916624)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NANNY TOTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs M C Scott
A J Scott
A J Scott





REGISTERED OFFICE: 26 Town Street
Bramcote
Nottingham
Nottinghamshire
NG9 3HA





REGISTERED NUMBER: 05916624 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

NANNY TOTS LIMITED (REGISTERED NUMBER: 05916624)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 22,794
Tangible assets 5 103,982 89,280
103,982 112,074

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 6 269,434 194,525
Cash at bank and in hand 257,260 240,132
528,194 436,157
CREDITORS
Amounts falling due within one year 7 93,165 64,069
NET CURRENT ASSETS 435,029 372,088
TOTAL ASSETS LESS CURRENT LIABILITIES 539,011 484,162

CREDITORS
Amounts falling due after more than one year 8 (30,435 ) (38,796 )

PROVISIONS FOR LIABILITIES 11 (24,900 ) (20,914 )
NET ASSETS 483,676 424,452

CAPITAL AND RESERVES
Called up share capital 12 2 2
Retained earnings 483,674 424,450
SHAREHOLDERS' FUNDS 483,676 424,452

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

NANNY TOTS LIMITED (REGISTERED NUMBER: 05916624)

BALANCE SHEET - continued
31 DECEMBER 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 1 August 2024 and were signed on its behalf by:





A J Scott - Director


NANNY TOTS LIMITED (REGISTERED NUMBER: 05916624)

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


1. STATUTORY INFORMATION

Nanny Tots 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.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

NANNY TOTS LIMITED (REGISTERED NUMBER: 05916624)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 68 (2022 - 60 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 434,156
AMORTISATION
At 1 January 2023 411,362
Amortisation for year 22,794
At 31 December 2023 434,156
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 22,794

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 268,345 22,895 291,240
Additions 27,154 14,754 41,908
At 31 December 2023 295,499 37,649 333,148
DEPRECIATION
At 1 January 2023 197,286 4,674 201,960
Charge for year 22,036 5,170 27,206
At 31 December 2023 219,322 9,844 229,166
NET BOOK VALUE
At 31 December 2023 76,177 27,805 103,982
At 31 December 2022 71,059 18,221 89,280

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 62,342 29,140
Other debtors 207,092 165,385
269,434 194,525

NANNY TOTS LIMITED (REGISTERED NUMBER: 05916624)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,922 11,483
Trade creditors 11,074 10,590
Taxation and social security 53,546 23,255
Other creditors 18,623 18,741
93,165 64,069

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 30,435 38,796

9. LEASING AGREEMENTS
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £669,750 (2022 - £840,750).

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 40,357 50,279

The bank loan is secured by way of a fixed and floating charge over the assets of the company.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 24,900 20,914

Deferred
tax
£   
Balance at 1 January 2023 20,914
Provided during year 3,986
Balance at 31 December 2023 24,900

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20 Ordinary £0.10 2 2

NANNY TOTS LIMITED (REGISTERED NUMBER: 05916624)

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


13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

20232022
£ £
Balance outstanding at start of year115,90090,918
Amounts advanced228,606228,605
Amounts repaid200,605203,623
Amounts written off--
Amounts waived--
Balance outstanding at end of year143,901115,900

Interest is charged by the company on loans made to directors, at HMRC approved rates. The interest charged and included in the accounts amounted to £3,197 (2022: £2,316).