IRIS Accounts Production v24.2.0.383 09882299 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh098822992022-11-30098822992023-11-30098822992022-12-012023-11-30098822992021-11-30098822992021-12-012022-11-30098822992022-11-3009882299ns14:PoundSterling2022-12-012023-11-3009882299ns10:Director12022-12-012023-11-3009882299ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3009882299ns10:SmallEntities2022-12-012023-11-3009882299ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3009882299ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3009882299ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3009882299ns10:FullAccounts2022-12-012023-11-300988229912022-12-012023-11-3009882299ns10:Director22022-12-012023-11-3009882299ns10:RegisteredOffice2022-12-012023-11-3009882299ns5:CurrentFinancialInstruments2023-11-3009882299ns5:CurrentFinancialInstruments2022-11-3009882299ns5:Non-currentFinancialInstruments2023-11-3009882299ns5:Non-currentFinancialInstruments2022-11-3009882299ns5:ShareCapital2023-11-3009882299ns5:ShareCapital2022-11-3009882299ns5:RetainedEarningsAccumulatedLosses2023-11-3009882299ns5:RetainedEarningsAccumulatedLosses2022-11-3009882299ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3009882299ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-12-012023-11-3009882299ns5:IntangibleAssetsOtherThanGoodwill2022-11-3009882299ns5:IntangibleAssetsOtherThanGoodwill2023-11-3009882299ns5:IntangibleAssetsOtherThanGoodwill2022-11-3009882299ns5:FurnitureFittings2022-11-3009882299ns5:FurnitureFittings2022-12-012023-11-3009882299ns5:FurnitureFittings2023-11-3009882299ns5:FurnitureFittings2022-11-3009882299ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3009882299ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3009882299ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-11-3009882299ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-11-3009882299ns5:WithinOneYear2023-11-3009882299ns5:WithinOneYear2022-11-30098822991ns10:Director12022-11-30098822991ns10:Director12021-11-30098822991ns10:Director12022-12-012023-11-30098822991ns10:Director12021-12-012022-11-30098822991ns10:Director12023-11-30098822991ns10:Director12022-11-30
REGISTERED NUMBER: 09882299












Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Little Learners Franchise Limited

Little Learners Franchise Limited (Registered number: 09882299)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Little Learners Franchise Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Ms Rachel Fay
Ms R Fay





REGISTERED OFFICE: Regatta House
10 Wynbury Road
Gateshead Tyne and Wear
NE9 6TS





REGISTERED NUMBER: 09882299





ACCOUNTANTS: Evelyn Partners
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN

Little Learners Franchise Limited (Registered number: 09882299)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 6,993 8,391
Tangible assets 6 2,519 2,304
9,512 10,695

CURRENT ASSETS
Stocks 350 610
Debtors 7 4,023 6,550
Cash at bank 7,576 8,940
11,949 16,100
CREDITORS
Amounts falling due within one year 8 (16,892 ) (16,510 )
NET CURRENT LIABILITIES (4,943 ) (410 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,569

10,285

CREDITORS
Amounts falling due after more than one
year

9

(9,907

)

(9,824

)
NET (LIABILITIES)/ASSETS (5,338 ) 461

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account (5,438 ) 361
(5,338 ) 461

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





Ms Rachel Fay - Director


Little Learners Franchise Limited (Registered number: 09882299)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Little Learners Franchise Limited is a private company, limited by shares , registered in Not specified/Other. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and
other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.

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

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 Profit and Loss Account, 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.

Little Learners Franchise Limited (Registered number: 09882299)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 30 November 2023 13,971
AMORTISATION
At 1 December 2022 5,580
Charge for year 1,398
At 30 November 2023 6,978
NET BOOK VALUE
At 30 November 2023 6,993
At 30 November 2022 8,391

6. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2022 9,213
Additions 1,132
At 30 November 2023 10,345
DEPRECIATION
At 1 December 2022 6,909
Charge for year 917
At 30 November 2023 7,826
NET BOOK VALUE
At 30 November 2023 2,519
At 30 November 2022 2,304

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,728 4,223
Directors' current accounts 1,716 1,716
Tax 579 611
4,023 6,550

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,933 3,438
Other loans 755 -
Tax 561 1,855
VAT 375 1,693
Accrued expenses 10,268 9,524
16,892 16,510

Little Learners Franchise Limited (Registered number: 09882299)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 9,907 9,824

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 3,403 2,535

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Ms Rachel Fay
Balance outstanding at start of year 1,716 445
Amounts advanced - 1,500
Amounts repaid - (229 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,716 1,716