Registered number
08647909
Little Oaks Childcare (Spalding) Ltd
Filleted Accounts
31 August 2024
Little Oaks Childcare (Spalding) Ltd
Registered number: 08647909
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets - 4,000
Tangible assets 5 17,245 19,160
Investments - -
17,245 23,160
Current assets
Stocks - -
Debtors - -
Investments held as current assets - -
Cash at bank and in hand 201,479 85,596
201,479 85,596
Creditors: amounts falling due within one year 6 (45,641) (27,073)
Net current assets 155,838 58,523
Total assets less current liabilities 173,083 81,683
Creditors: amounts falling due after more than one year 7 (19,167) (27,085)
Provisions for liabilities - -
Net assets 153,916 54,598
Capital and reserves
Called up share capital 2 2
Share premium - -
Revaluation reserve - -
Profit and loss account 153,914 54,596
Shareholders' funds 153,916 54,598
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.
Mrs K Holmes
Director
Approved by the board on 19 September 2024
Little Oaks Childcare (Spalding) Ltd
Notes to the Accounts
for the year ended 31 August 2024
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 20% Reducing Balance
Fixtures, fittings, tools and equipment 10% Reducing Balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Exceptional items 2024 2023
£ £
- -
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 26 27
4 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2023 40,000
Additions -
Disposals -
At 31 August 2024 40,000
Amortisation
At 1 September 2023 36,000
Provided during the year 4,000
On disposals -
At 31 August 2024 40,000
Net book value
At 31 August 2024 -
At 31 August 2023 4,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
5 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 - 46,861 - 46,861
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 31 August 2024 - 46,861 - 46,861
Depreciation
At 1 September 2023 - 27,701 - 27,701
Charge for the year - 1,915 - 1,915
Surplus on revaluation - - - -
On disposals - - - -
At 31 August 2024 - 29,616 - 29,616
Net book value
At 31 August 2024 - 17,245 - 17,245
At 31 August 2023 - 19,160 - 19,160
Freehold land and buildings: 2024 2023
£ £
Historical cost - -
Cumulative depreciation based on historical cost - -
- -
[For revalued assets, state the years in which the assets were valued and their values. For assets revalued during the reporting period, state the names of the persons who revalued them or particulars of their qualifications for doing so and the bases of valuation used by them.]
6 Creditors: amounts falling due within one year 2024 2023
£ £
Non-equity preference shares - -
Bank loans and overdrafts - -
Obligations under finance lease and hire purchase contracts - -
Trade creditors (707) (707)
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Taxation and social security costs 45,098 26,155
Other creditors 1,250 1,625
45,641 27,073
7 Creditors: amounts falling due after one year 2024 2023
£ £
Non-equity preference shares - -
Bank loans 19,167 27,085
Obligations under finance lease and hire purchase contracts - -
Trade creditors - -
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Other creditors - -
19,167 27,085
8 Other information
Little Oaks Childcare (Spalding) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 11, Broadgate House
Westlode Street
Spalding
Lincs
PE11 2AF
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