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Registered number: 08112961
Tots & Time Out Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08112961
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 36,800 73,599
Tangible Assets 5 9,860 9,075
46,660 82,674
CURRENT ASSETS
Debtors 6 271,716 67,984
Cash at bank and in hand 1,046,376 904,228
1,318,092 972,212
Creditors: Amounts Falling Due Within One Year 7 (243,742 ) (135,131 )
NET CURRENT ASSETS (LIABILITIES) 1,074,350 837,081
TOTAL ASSETS LESS CURRENT LIABILITIES 1,121,010 919,755
Creditors: Amounts Falling Due After More Than One Year 8 (6,206 ) (43,202 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,465 ) (2,269 )
NET ASSETS 1,112,339 874,284
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 1,112,239 874,184
SHAREHOLDERS' FUNDS 1,112,339 874,284
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs R L Cogan
Director
06/11/2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Tots & Time Out Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08112961 . The registered office is 101 Moy Avenue, Eastbourne, East Sussex, BN22 8UQ.
The presentation currency of the financial statements is the Pound Sterling (£).  
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Acquired goodwill is written off in equal instalments over its estimated useful economic life of 5 and 10 years.
Paragraph 19.23(a) of FRS 102 states that goodwill shall be considered to have a finite useful life and in the exceptional cases when an entity is unable to make a reliable estimate of the useful life, the life shall not exceed 10 years. The company in 2016 acquired goodwill and the company decided that in accordance with FRSSE the goodwill had an economic life of 10 years. At 30 June 2024 the carrying amount for the goodwill is therefore £1,800 and has a remaining useful life of one year.
The company considers there is evidence to support both remaining useful economic life and provides adequate evidence to support this. It is therefore not required to adjust the expected amortisation profile.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
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.
Customer List are being amortised evenly over their estimated useful life of ten years.
Trade name is being amortised evenly over its estimated useful life of ten years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases, assets held under finance leases are depreciated in the same way as owned assets:
Leasehold Straight line over 10 years
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33.33% on cost
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Page 4
2.6. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.
The company's liability to tax is calculated using the tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of the assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period to which the liability is settled or the asset realised, based on tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.
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.
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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 37 (2023: 37)
37 37
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 July 2023 112,996 350,000 462,996
As at 30 June 2024 112,996 350,000 462,996
Amortisation
As at 1 July 2023 109,397 280,000 389,397
Provided during the period 1,799 35,000 36,799
As at 30 June 2024 111,196 315,000 426,196
Net Book Value
As at 30 June 2024 1,800 35,000 36,800
As at 1 July 2023 3,599 70,000 73,599
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5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 6,272 29,822 4,605 40,699
Additions - 3,780 - 3,780
As at 30 June 2024 6,272 33,602 4,605 44,479
Depreciation
As at 1 July 2023 5,017 22,002 4,605 31,624
Provided during the period 1,255 1,740 - 2,995
As at 30 June 2024 6,272 23,742 4,605 34,619
Net Book Value
As at 30 June 2024 - 9,860 - 9,860
As at 1 July 2023 1,255 7,820 - 9,075
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 65,911 14,765
Rent deposit 4,500 4,500
Other taxes and social securities 1,510 -
Prepayments 3,327 4,050
Director's loan account 196,468 44,669
271,716 67,984
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 796 1,448
Other loans 36,996 36,996
Corporation tax 107,628 62,126
Other taxes and social security - 2,866
Other creditors 77,603 20,962
Pensions 2,260 1,766
Accruals and deferred income 18,459 8,967
243,742 135,131
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 6,206 43,202
6,206 43,202
9. Pension Commitments
The company operates a defined contribution pension scheme for the employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £2,260 (2023: £1,766) were due to the fund. They are included in Other Creditors.
10. Directors Advances, Credits and Guarantees
The balance at the start of the year due from the Director was £44,669 and during the year the director withdrew amounts totalling £148,557 (2023 - £12,565). Interest of £3,242 (2023 - £871) has been charged on this loan in accordance with HM Revenue and Customs beneficial loan rates.
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mrs Rebecca Cogan 44,669 207,827 56,028 - 196,468
The balance at the year end due from the Director was £196,468 and is repayable on demand
11. Related Party Transactions
During the year, the director was paid £48,000 (2023: £48,000) for use of commerical premises used by the business.
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