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REGISTERED NUMBER: 08789296 (England and Wales)










Unaudited Financial Statements

for the Year Ended 29 November 2023

for

Snuggles Pre-School Limited

Snuggles Pre-School Limited (Registered number: 08789296)






Contents of the Financial Statements
for the Year Ended 29 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Snuggles Pre-School Limited

Company Information
for the Year Ended 29 November 2023







DIRECTOR: S Minter





REGISTERED OFFICE: 43 Carmichael Road
South Norwood
SE25 5LS





REGISTERED NUMBER: 08789296 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

Snuggles Pre-School Limited (Registered number: 08789296)

Balance Sheet
29 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,729 2,245
3,729 2,245

CURRENT ASSETS
Debtors 6 1,801 4,216
Cash at bank 37,140 12,986
38,941 17,202
CREDITORS
Amounts falling due within one year 7 (18,730 ) (10,658 )
NET CURRENT ASSETS 20,211 6,544
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,940

8,789

CREDITORS
Amounts falling due after more than one
year

8

(4,647

)

(7,669

)

PROVISIONS FOR LIABILITIES 9 (709 ) (427 )
NET ASSETS 18,584 693

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 10 18,583 692
18,584 693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Snuggles Pre-School Limited (Registered number: 08789296)

Balance Sheet - continued
29 November 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 director and authorised for issue on 21 August 2024 and were signed by:





S Minter - Director


Snuggles Pre-School Limited (Registered number: 08789296)

Notes to the Financial Statements
for the Year Ended 29 November 2023

1. STATUTORY INFORMATION

Snuggles 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 (£).


The principal activity of the company continued to be that of Pre Primary education.

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 and recognised at the fair value of the consideration received or receivable for services provided in the normal course of business .

INTANGIBLE ASSETS - GOODWILL
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

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 provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings25% on reducing balance
Computer equipment 25% on reducing balance

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.

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

Snuggles Pre-School Limited (Registered number: 08789296)

Notes to the Financial Statements - continued
for the Year Ended 29 November 2023

2. ACCOUNTING POLICIES - continued

GOING CONCERN
At the time of approving the financial statements, the directors have a reasonable expectation that the company adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

PROVISION FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of income and retained earnings in the year that the company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

DEFINED CONTRIBUTION PENSION PLAN
The company operates a defined contribution pension plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 November 2022
and 29 November 2023 10,500
AMORTISATION
At 30 November 2022
and 29 November 2023 10,500
NET BOOK VALUE
At 29 November 2023 -
At 29 November 2022 -

Snuggles Pre-School Limited (Registered number: 08789296)

Notes to the Financial Statements - continued
for the Year Ended 29 November 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 30 November 2022 2,029 1,755 3,784
Additions - 2,561 2,561
Disposals (124 ) (400 ) (524 )
At 29 November 2023 1,905 3,916 5,821
DEPRECIATION
At 30 November 2022 660 879 1,539
Charge for year 319 468 787
Eliminated on disposal (31 ) (203 ) (234 )
At 29 November 2023 948 1,144 2,092
NET BOOK VALUE
At 29 November 2023 957 2,772 3,729
At 29 November 2022 1,369 876 2,245

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,801 4,216

The directors consider the carrying value of trade and other receivables approximate to their fair value.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,037 2,961
Taxation and social security 7,488 3,619
Other creditors 8,205 4,078
18,730 10,658

The directors consider the carrying amounts of current liabilities approximate to their fair values.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 4,647 7,669

The directors consider the carrying amounts of current liabilities approximate to their fair values.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 709 427

Snuggles Pre-School Limited (Registered number: 08789296)

Notes to the Financial Statements - continued
for the Year Ended 29 November 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 30 November 2022 427
Provided during year 282
Balance at 29 November 2023 709

10. RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

11. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable by the company to the fund and amounted to £1,089 (2022 - £832).

Contributions totalling £261 (2022- Nil) were payable to fund at the balance sheet date and are included in creditors.

12. RELATED PARTY DISCLOSURES

At the balance sheet date included in other creditors are amounts due to the director of £681 (2022- £2,127). This loan is interest free and repayable on demand.