40
false
false
false
false
false
false
false
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true
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No description of principal activity
2022-12-01
Sage Accounts Production Advanced 2021 - FRS102_2021
60,000
60,000
xbrli:pure
xbrli:shares
iso4217:GBP
04069842
2022-12-01
2023-11-30
04069842
2023-11-30
04069842
2022-11-30
04069842
2021-12-01
2022-11-30
04069842
2022-11-30
04069842
core:PlantMachinery
2022-12-01
2023-11-30
04069842
core:FurnitureFittings
2022-12-01
2023-11-30
04069842
core:NetGoodwill
2022-12-01
2023-11-30
04069842
bus:Director1
2022-12-01
2023-11-30
04069842
core:NetGoodwill
2023-11-30
04069842
core:PlantMachinery
2022-11-30
04069842
core:FurnitureFittings
2022-11-30
04069842
core:PlantMachinery
2023-11-30
04069842
core:FurnitureFittings
2023-11-30
04069842
core:WithinOneYear
2023-11-30
04069842
core:WithinOneYear
2022-11-30
04069842
core:AfterOneYear
2023-11-30
04069842
core:AfterOneYear
2022-11-30
04069842
core:ShareCapital
2023-11-30
04069842
core:ShareCapital
2022-11-30
04069842
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2023-11-30
04069842
core:RetainedEarningsAccumulatedLosses
2022-11-30
04069842
core:BetweenOneFiveYears
2022-11-30
04069842
core:PlantMachinery
2022-11-30
04069842
core:FurnitureFittings
2022-11-30
04069842
bus:SmallEntities
2022-12-01
2023-11-30
04069842
bus:AuditExemptWithAccountantsReport
2022-12-01
2023-11-30
04069842
bus:FullAccounts
2022-12-01
2023-11-30
04069842
bus:SmallCompaniesRegimeForAccounts
2022-12-01
2023-11-30
04069842
bus:PrivateLimitedCompanyLtd
2022-12-01
2023-11-30
COMPANY REGISTRATION NUMBER:
04069842
TINY TOTS PREMIER CHILDCARE SERVICES LIMITED |
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
TINY TOTS PREMIER CHILDCARE SERVICES LIMITED |
|
Year ended 30 November 2023
Notes to the financial statements |
3 |
|
|
TINY TOTS PREMIER CHILDCARE SERVICES LIMITED |
|
30 November 2023
FIXED ASSETS
Tangible assets |
6 |
96,762 |
36,373 |
|
|
|
|
CURRENT ASSETS
Debtors |
7 |
294,527 |
185,241 |
Cash at bank and in hand |
203,547 |
314,654 |
|
--------- |
--------- |
|
498,074 |
499,895 |
|
|
|
|
CREDITORS: amounts falling due within one year |
8 |
(
144,454) |
(
147,605) |
|
--------- |
--------- |
NET CURRENT ASSETS |
353,620 |
352,290 |
|
--------- |
--------- |
TOTAL ASSETS LESS CURRENT LIABILITIES |
450,382 |
388,663 |
|
|
|
|
CREDITORS: amounts falling due after more than one year |
9 |
(
106,703) |
(
125,045) |
|
|
|
|
PROVISIONS |
(
14,469) |
(
6,867) |
|
--------- |
--------- |
NET ASSETS |
329,210 |
256,751 |
|
--------- |
--------- |
|
|
|
CAPITAL AND RESERVES
Called up share capital |
2 |
2 |
Profit and loss account |
329,208 |
256,749 |
|
--------- |
--------- |
SHAREHOLDERS FUNDS |
329,210 |
256,751 |
|
--------- |
--------- |
|
|
|
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 profit and loss account has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
TINY TOTS PREMIER CHILDCARE SERVICES LIMITED |
|
BALANCE SHEET (continued) |
|
30 November 2023
These financial statements were approved by the
board of directors
and authorised for issue on
30 August 2024
, and are signed on behalf of the board by:
Mrs N J Williams |
Director |
|
Company registration number:
04069842
TINY TOTS PREMIER CHILDCARE SERVICES LIMITED |
|
NOTES TO THE FINANCIAL STATEMENTS |
|
Year ended 30 November 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 1 The Avenue, Clytha Square, Newport, South Wales, NP20 2FF.
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 measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration for nursery fees receivable in the financial year.
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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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:
|
Leasehold improvements |
- |
15% straight line |
|
Fixtures and fittings |
- |
15% straight line |
|
|
|
|
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its 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
40
(2022:
39
).
5.
INTANGIBLE ASSETS
|
Goodwill |
|
£ |
Cost |
|
At 1 December 2022 and 30 November 2023 |
60,000 |
|
-------- |
Amortisation |
|
At 1 December 2022 and 30 November 2023 |
60,000 |
|
-------- |
Carrying amount |
|
At 30 November 2023 |
– |
|
-------- |
At 30 November 2022 |
– |
|
-------- |
|
|
6.
TANGIBLE ASSETS
|
Leasehold improvements |
Fixtures and fittings |
Total |
|
£ |
£ |
£ |
Cost |
|
|
|
At 1 December 2022 |
132,487 |
41,173 |
173,660 |
Additions |
63,357 |
19,509 |
82,866 |
|
--------- |
-------- |
--------- |
At 30 November 2023 |
195,844 |
60,682 |
256,526 |
|
--------- |
-------- |
--------- |
Depreciation |
|
|
|
At 1 December 2022 |
116,509 |
20,778 |
137,287 |
Charge for the year |
16,549 |
5,928 |
22,477 |
|
--------- |
-------- |
--------- |
At 30 November 2023 |
133,058 |
26,706 |
159,764 |
|
--------- |
-------- |
--------- |
Carrying amount |
|
|
|
At 30 November 2023 |
62,786 |
33,976 |
96,762 |
|
--------- |
-------- |
--------- |
At 30 November 2022 |
15,978 |
20,395 |
36,373 |
|
--------- |
-------- |
--------- |
|
|
|
|
7.
DEBTORS
|
2023 |
2022 |
|
£ |
£ |
Trade debtors |
10,360 |
9,689 |
Other debtors |
284,167 |
175,552 |
|
--------- |
--------- |
|
294,527 |
185,241 |
|
--------- |
--------- |
|
|
|
8.
CREDITORS:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Bank loans and overdrafts |
17,038 |
18,632 |
Trade creditors |
6,874 |
7,725 |
Corporation tax |
47,553 |
50,574 |
Social security and other taxes |
7,116 |
6,401 |
Other creditors |
65,873 |
64,273 |
|
--------- |
--------- |
|
144,454 |
147,605 |
|
--------- |
--------- |
|
|
|
Included within creditors: amounts falling due within one year is an amount of £17,038 (2022: £18,632) in respect of bank loans and overdrafts repayable in less than one year. This balance is secured by personal guarantees from the directors and by a debenture over the assets and undertakings of the company.
9.
CREDITORS:
amounts falling due after more than one year
|
2023 |
2022 |
|
£ |
£ |
Bank loans and overdrafts |
106,703 |
125,045 |
|
--------- |
--------- |
|
|
|
Included within creditors: amounts falling due after one year is an amount of £106,703 (2022- £125,045) in respect of bank loans repayable after one year. This balance is secured by personal guarantees from the directors and by a debenture over the assets and undertakings of the company.
Included within creditors: amounts falling due after more than one year is an amount of £55,635 (2022: £58,558) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
The bank loan due in more than 5 years is repayable in equal monthly instalments ending in February 2031. The bank loan carries variable interest at the Bank of England base rate plus 2.64%.
10.
OPERATING LEASES
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2023 |
2022 |
|
£ |
£ |
Not later than 1 year |
1,436 |
1,436 |
Later than 1 year and not later than 5 years |
– |
1,436 |
|
------- |
------- |
|
1,436 |
2,872 |
|
------- |
------- |
|
|
|
11.
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
Included within other debtors is £265,459 (2022 - £160,075) due from directors. These balances are interest free and repayable on demand. In relation to the overdrawn balances, the following transactions took place during the year;
|
|
|
|
£ |
|
Opening balance |
|
|
|
160,075 |
|
Amounts repaid |
|
|
|
(206,567) |
|
Amounts drawn |
|
|
|
311,951 |
|
Closing balance |
|
|
|
265,459 |
|
|
|
|
|
|