Lottie's Nurseries Limited 09276687 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is nursery for pre school. Digita Accounts Production Advanced 6.30.9574.0 true 09276687 2023-04-01 2024-03-31 09276687 2024-03-31 09276687 core:CurrentFinancialInstruments 2024-03-31 09276687 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09276687 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 09276687 core:FurnitureFittings 2024-03-31 09276687 core:LandBuildings core:ShortLeaseholdAssets 2024-03-31 09276687 core:MotorVehicles 2024-03-31 09276687 core:OfficeEquipment 2024-03-31 09276687 bus:SmallEntities 2023-04-01 2024-03-31 09276687 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09276687 bus:FilletedAccounts 2023-04-01 2024-03-31 09276687 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09276687 bus:RegisteredOffice 2023-04-01 2024-03-31 09276687 bus:Director1 2023-04-01 2024-03-31 09276687 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09276687 bus:Agent1 2023-04-01 2024-03-31 09276687 core:ComputerEquipment 2023-04-01 2024-03-31 09276687 core:FurnitureFittings 2023-04-01 2024-03-31 09276687 core:LandBuildings core:ShortLeaseholdAssets 2023-04-01 2024-03-31 09276687 core:LeaseholdImprovements 2023-04-01 2024-03-31 09276687 core:MotorVehicles 2023-04-01 2024-03-31 09276687 core:OfficeEquipment 2023-04-01 2024-03-31 09276687 countries:EnglandWales 2023-04-01 2024-03-31 09276687 2023-03-31 09276687 core:FurnitureFittings 2023-03-31 09276687 core:LandBuildings core:ShortLeaseholdAssets 2023-03-31 09276687 core:MotorVehicles 2023-03-31 09276687 core:OfficeEquipment 2023-03-31 09276687 2022-04-01 2023-03-31 09276687 2023-03-31 09276687 core:CurrentFinancialInstruments 2023-03-31 09276687 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09276687 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 09276687 core:FurnitureFittings 2023-03-31 09276687 core:LandBuildings core:ShortLeaseholdAssets 2023-03-31 09276687 core:MotorVehicles 2023-03-31 09276687 core:OfficeEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 09276687

Lottie's Nurseries Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Lottie's Nurseries Limited

Contents

Company Information

1

Accountants' Report

2

Statement of Financial Position

3

Notes to the Unaudited Financial Statements

4 to 7

 

Lottie's Nurseries Limited

Company Information

Director

Mrs C E Matts

Registered office

D S House
306 High Street
Croydon
Surrey
CR0 1NG

Accountants

DSK Partners LLP
Chartered Accountants
D S House
306 High Street
Croydon
Surrey
CR0 1NG

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Lottie's Nurseries Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lottie's Nurseries Limited for the year ended 31 March 2024 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Lottie's Nurseries Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Lottie's Nurseries Limited and state those matters that we have agreed to state to the Board of Directors of Lottie's Nurseries Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lottie's Nurseries Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Lottie's Nurseries Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Lottie's Nurseries Limited. You consider that Lottie's Nurseries Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Lottie's Nurseries Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

DSK Partners LLP
Chartered Accountants
D S House
306 High Street
Croydon
Surrey
CR0 1NG

20 November 2024

 

Lottie's Nurseries Limited

(Registration number: 09276687)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

369,171

360,980

Current assets

 

Debtors

5

147,031

99,529

Cash at bank and in hand

 

1,211,979

568,451

 

1,359,010

667,980

Creditors: Amounts falling due within one year

6

(426,436)

(317,039)

Net current assets

 

932,574

350,941

Total assets less current liabilities

 

1,301,745

711,921

Creditors: Amounts falling due after more than one year

6

(11,333)

(199,435)

Net assets

 

1,290,412

512,486

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,290,312

512,386

Shareholders' funds

 

1,290,412

512,486

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 20 November 2024
 

Mrs C E Matts
Director

   
     
 

Lottie's Nurseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
D S House
306 High Street
Croydon
Surrey
CR0 1NG
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Lottie's Nurseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Short leasehold

10% reducing balance

Fixtures and fittings

10% reducing balance

Computer equipment

25% reducing balance

Motor vehicles

25% reducing balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 78 (2023 - 30).

 

Lottie's Nurseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4

Tangible assets

Short leasehold
£

Fixtures and fittings
£

Computer equipment
£

Motor vehicles
 £

Cost or valuation

At 1 April 2023

232,085

161,475

50,226

26,901

Additions

19,136

29,356

8,811

-

At 31 March 2024

251,221

190,831

59,037

26,901

Depreciation

At 1 April 2023

64,494

24,176

15,993

5,044

Charge for the year

18,454

15,686

9,507

5,465

At 31 March 2024

82,948

39,862

25,500

10,509

Carrying amount

At 31 March 2024

168,273

150,969

33,537

16,392

At 31 March 2023

167,591

137,299

34,233

21,857

Total
£

Cost or valuation

At 1 April 2023

470,687

Additions

57,303

At 31 March 2024

527,990

Depreciation

At 1 April 2023

109,707

Charge for the year

49,112

At 31 March 2024

158,819

Carrying amount

At 31 March 2024

369,171

At 31 March 2023

360,980

Included within the net book value of land and buildings above is £168,273 (2023 - £167,591) in respect of short leasehold land and buildings.
 

 

Lottie's Nurseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

86,060

86,060

Other debtors

 

60,971

13,469

   

147,031

99,529

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

13,500

25,798

Trade creditors

 

11,318

-

Taxation and social security

 

372,066

166,868

Accruals and deferred income

 

18,750

117,159

Other creditors

 

10,802

7,214

 

426,436

317,039

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

11,333

199,435