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REGISTERED NUMBER: 04960483 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LITTLE OAKS EARLY YEARS LIMITED

LITTLE OAKS EARLY YEARS LIMITED (REGISTERED NUMBER: 04960483)






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


LITTLE OAKS EARLY YEARS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs P J Mead-Topley
Mrs J C Ready





SECRETARY: Mrs J C Ready





REGISTERED OFFICE: Little Oaks Nursery School
Coolinge Lane
FOLKESTONE
Kent
CT20 3QU





REGISTERED NUMBER: 04960483 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

LITTLE OAKS EARLY YEARS LIMITED (REGISTERED NUMBER: 04960483)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,500 2,000
Tangible assets 5 573,641 587,043
575,141 589,043

CURRENT ASSETS
Debtors 6 6,659 10,459
Investments 7 1,113,054 212,110
Cash at bank and in hand 328,106 757,200
1,447,819 979,769
CREDITORS
Amounts falling due within one year 8 348,905 232,513
NET CURRENT ASSETS 1,098,914 747,256
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,674,055

1,336,299

CREDITORS
Amounts falling due after more than one
year

9

(50,713

)

(52,905

)

PROVISIONS FOR LIABILITIES (17,729 ) (13,710 )
NET ASSETS 1,605,613 1,269,684

CAPITAL AND RESERVES
Called up share capital 11 10,000 10,000
Retained earnings 1,595,613 1,259,684
SHAREHOLDERS' FUNDS 1,605,613 1,269,684

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.

LITTLE OAKS EARLY YEARS LIMITED (REGISTERED NUMBER: 04960483)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:





Mrs J C Ready - Director


LITTLE OAKS EARLY YEARS LIMITED (REGISTERED NUMBER: 04960483)

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

1. STATUTORY INFORMATION

Little Oaks Early Years 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 company's main place of business is Grounds of William Harvey Hospital, Kennington Road, Willesborough, Ashford, Kent, TN24 0LZ.

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 provision of section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, except for current asset investments which are included at balance sheet date surrender value.

Turnover
Turnover represents net invoiced sales of services provided, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

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

Freehold property (excluding land) - 2% on cost
Leasehold property - 2.5% - 4% on cost
Toys and childcare equipment - 33% on reducing balance
Fixtures, fittings and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


LITTLE OAKS EARLY YEARS LIMITED (REGISTERED NUMBER: 04960483)

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

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates defined contribution pension schemes for the directors. The company contributes to employee pensions under the Auto Enrolment requirements. Contributions payable to the pension schemes are charged to the profit and loss account in the period to which they relate.

Leasing commitments
Rentals paid under operating leases are included in the profit and loss account over the relevant period.

Grants
Grants towards capital expenditure are treated as deferred revenue and are released to the profit and loss account as income over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs is recognised in income in the period in which it becomes receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 103 (2022 - 99 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 50,000
AMORTISATION
At 1 January 2023 48,000
Charge for year 500
At 31 December 2023 48,500
NET BOOK VALUE
At 31 December 2023 1,500
At 31 December 2022 2,000

LITTLE OAKS EARLY YEARS LIMITED (REGISTERED NUMBER: 04960483)

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

5. TANGIBLE FIXED ASSETS
Toys and
Freehold Leasehold childcare
property property equipment
£    £    £   
COST
At 1 January 2023 541,721 71,812 69,804
Additions - - -
Disposals - - -
At 31 December 2023 541,721 71,812 69,804
DEPRECIATION
At 1 January 2023 62,088 22,787 66,845
Charge for year 10,059 2,111 970
Eliminated on disposal - - -
At 31 December 2023 72,147 24,898 67,815
NET BOOK VALUE
At 31 December 2023 469,574 46,914 1,989
At 31 December 2022 479,633 49,025 2,959

Fixtures,
fittings
and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 128,792 36,754 40,481 889,364
Additions 9,400 - 3,723 13,123
Disposals (197 ) - - (197 )
At 31 December 2023 137,995 36,754 44,204 902,290
DEPRECIATION
At 1 January 2023 88,549 31,266 30,786 302,321
Charge for year 7,422 1,372 4,424 26,358
Eliminated on disposal (30 ) - - (30 )
At 31 December 2023 95,941 32,638 35,210 328,649
NET BOOK VALUE
At 31 December 2023 42,054 4,116 8,994 573,641
At 31 December 2022 40,243 5,488 9,695 587,043

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Debtors and prepayments 6,659 10,459

LITTLE OAKS EARLY YEARS LIMITED (REGISTERED NUMBER: 04960483)

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

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 1,113,054 212,110

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation 130,898 77,206
Social security and other taxes 22,745 17,805
Sundry creditors 66,783 36,487
Grants 2,192 2,192
Directors' current accounts 26,271 17,470
Income in advance 100,016 81,353
348,905 232,513

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.202331.12.2022
££
Grants>5 years41,94544,137
Grants 2-5 years6,5766,576
Grants 1-2 years 2,1922,192
50,71352,905
Grants

Grants have been received towards the cost of certain property improvements and are released over the expected life of those improvements.

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 27,875 32,375
Between one and five years 28,156 56,031
56,031 88,406

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary £1 10,000 10,000