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Registered number: 4758670
Tiny Teddies Day Nursery Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 4758670
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 1,400
Tangible Assets 5 602,257 604,022
Investments 6 110,000 110,000
712,257 715,422
CURRENT ASSETS
Debtors 7 282,248 261,986
Cash at bank and in hand 308,526 325,666
590,774 587,652
Creditors: Amounts Falling Due Within One Year 8 (155,793 ) (134,970 )
NET CURRENT ASSETS (LIABILITIES) 434,981 452,682
TOTAL ASSETS LESS CURRENT LIABILITIES 1,147,238 1,168,104
Creditors: Amounts Falling Due After More Than One Year 9 (679,163 ) (694,927 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (9,107 )
NET ASSETS 468,075 464,070
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 467,975 463,970
SHAREHOLDERS' FUNDS 468,075 464,070
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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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mr Paul Anthony Ingram
Director
19th November 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Tiny Teddies Day Nursery Limited is a private company, limited by shares, incorporated in England & Wales, registered number 4758670 . The registered office is 50 Woodgate, Leicester, LE3 5GF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold Not depreciated
Leasehold 10% on cost
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 58 (2022: 56)
58 56
4. Intangible Assets
Other
£
Cost
As at 1 December 2022 14,000
As at 30 November 2023 14,000
Amortisation
As at 1 December 2022 12,600
Provided during the period 1,400
As at 30 November 2023 14,000
Net Book Value
As at 30 November 2023 -
As at 1 December 2022 1,400
5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Total
£ £ £ £
Cost
As at 1 December 2022 592,253 12,300 153,849 758,402
As at 30 November 2023 592,253 12,300 153,849 758,402
...CONTINUED
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Depreciation
As at 1 December 2022 - 12,300 142,080 154,380
Provided during the period - - 1,765 1,765
As at 30 November 2023 - 12,300 143,845 156,145
Net Book Value
As at 30 November 2023 592,253 - 10,004 602,257
As at 1 December 2022 592,253 - 11,769 604,022
6. Investments
Unlisted
£
Cost
As at 1 December 2022 110,000
As at 30 November 2023 110,000
Provision
As at 1 December 2022 -
As at 30 November 2023 -
Net Book Value
As at 30 November 2023 110,000
As at 1 December 2022 110,000
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 110,208 89,946
Other debtors 172,040 172,040
282,248 261,986
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 9,542 -
Bank loans and overdrafts 37,689 37,689
Corporation tax 34,710 25,432
Other taxes and social security 6,374 6,019
Other creditors 67,478 65,830
155,793 134,970
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9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 287,773 339,977
Amounts owed to group undertakings 391,390 354,950
679,163 694,927
10. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
£ £
Bank loans and overdrafts 325,462 377,666
11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Ingram Holdings Limited incorporated in England & Wales.
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