Registered number
08183696
Maytime Montessori Playgroup Limited
Filleted Accounts
31 August 2023
Maytime Montessori Playgroup Limited
Registered number: 08183696
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 646,230 648,205
Current assets
Debtors 4 2,106 6,853
Cash at bank and in hand 1,425 22,945
3,531 29,798
Creditors: amounts falling due within one year 5 (201,418) (204,988)
Net current liabilities (197,887) (175,190)
Total assets less current liabilities 448,343 473,015
Creditors: amounts falling due after more than one year 6 (96,871) (108,100)
Net assets 351,472 364,915
Capital and reserves
Called up share capital 100 100
Profit and loss account 351,372 364,815
Shareholders' funds 351,472 364,915
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Katherine Linnen
Director
Approved by the board on 27 August 2024
Maytime Montessori Playgroup Limited
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 12 13
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2022 635,036 33,107 668,143
At 31 August 2023 635,036 33,107 668,143
Depreciation
At 1 September 2022 - 19,938 19,938
Charge for the year - 1,975 1,975
At 31 August 2023 - 21,913 21,913
Net book value
At 31 August 2023 635,036 11,194 646,230
At 31 August 2022 635,036 13,169 648,205
4 Debtors 2023 2022
£ £
Other debtors 2,106 6,853
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 7,318 14,328
Directors loan account 181,819 133,949
Loan - World of Kids 3 9,125 34,247
Other creditors 3,156 22,464
201,418 204,988
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 96,871 108,100
7 Other information
Maytime Montessori Playgroup Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bank Chambers
1-3 Woodford Avenue
Gants Hill, Ilford
Essex
IG2 6UF
Maytime Montessori Playgroup Limited 08183696 false 2022-09-01 2023-08-31 2023-08-31 VT Final Accounts April 2024 Katherine Linnen No description of principal activity 08183696 2021-09-01 2022-08-31 08183696 core:WithinOneYear 2022-08-31 08183696 core:AfterOneYear 2022-08-31 08183696 core:ShareCapital 2022-08-31 08183696 core:RetainedEarningsAccumulatedLosses 2022-08-31 08183696 2022-09-01 2023-08-31 08183696 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 08183696 bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 08183696 bus:Director40 2022-09-01 2023-08-31 08183696 core:LandBuildings 2022-09-01 2023-08-31 08183696 core:PlantMachinery 2022-09-01 2023-08-31 08183696 countries:England 2022-09-01 2023-08-31 08183696 bus:FRS102 2022-09-01 2023-08-31 08183696 bus:FilletedAccounts 2022-09-01 2023-08-31 08183696 2023-08-31 08183696 core:WithinOneYear 2023-08-31 08183696 core:AfterOneYear 2023-08-31 08183696 core:ShareCapital 2023-08-31 08183696 core:RetainedEarningsAccumulatedLosses 2023-08-31 08183696 core:LandBuildings 2023-08-31 08183696 core:PlantMachinery 2023-08-31 08183696 2022-08-31 08183696 core:LandBuildings 2022-08-31 08183696 core:PlantMachinery 2022-08-31 iso4217:GBP xbrli:pure