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REGISTERED NUMBER: 10252865 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Tippy Toes Ballet Limited

Tippy Toes Ballet Limited (Registered number: 10252865)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tippy Toes Ballet Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs N Henry
Mrs E Ivan





REGISTERED OFFICE: Second Floor
2 Walsworth Road
HITCHIN
Hertfordshire
SG4 9SP





REGISTERED NUMBER: 10252865 (England and Wales)





ACCOUNTANTS: D and E Accountancy Ltd
Tax Advisors and Accountants
2nd Floor, 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

Tippy Toes Ballet Limited (Registered number: 10252865)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,000 12,000
Tangible assets 5 2,171 2,056
11,171 14,056

CURRENT ASSETS
Cash at bank 12,357 6,183

CREDITORS
Amounts falling due within one year 6 22,926 19,767
NET CURRENT LIABILITIES (10,569 ) (13,584 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

602

472

PROVISIONS FOR LIABILITIES 7 485 360
NET ASSETS 117 112

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 17 12
SHAREHOLDERS' FUNDS 117 112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Tippy Toes Ballet Limited (Registered number: 10252865)

Balance Sheet - continued
30 June 2024


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 September 2024 and were signed on its behalf by:





Mrs N Henry - Director


Tippy Toes Ballet Limited (Registered number: 10252865)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Tippy Toes Ballet 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance

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.


Tippy Toes Ballet Limited (Registered number: 10252865)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

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 a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 30,000
AMORTISATION
At 1 July 2023 18,000
Charge for year 3,000
At 30 June 2024 21,000
NET BOOK VALUE
At 30 June 2024 9,000
At 30 June 2023 12,000

Tippy Toes Ballet Limited (Registered number: 10252865)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 July 2023 2,577
Additions 498
At 30 June 2024 3,075
DEPRECIATION
At 1 July 2023 521
Charge for year 383
At 30 June 2024 904
NET BOOK VALUE
At 30 June 2024 2,171
At 30 June 2023 2,056

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 19,242 17,569
Other creditors 3,684 2,198
22,926 19,767

7. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 485 360

Deferred
tax
£   
Balance at 1 July 2023 360
Charge to Income Statement during year 125
Balance at 30 June 2024 485

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

Tippy Toes Ballet Limited (Registered number: 10252865)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. RESERVES
Retained
earnings
£   

At 1 July 2023 12
Profit for the year 54,255
Dividends (54,250 )
At 30 June 2024 17

10. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by the directors, neither director can control the company alone.