1 March 2023 false No description of principal activity Taxfiler 2024.6 SC557734business:PrivateLimitedCompanyLtd2023-03-012024-02-29 SC5577342023-02-28 SC5577342023-03-012024-02-29 SC557734business:AuditExemptWithAccountantsReport2023-03-012024-02-29 SC557734business:AbridgedAccounts2023-03-012024-02-29 SC5577342024-02-29 SC557734business:Director12023-03-012024-02-29 SC557734business:RegisteredOffice2023-03-012024-02-29 SC5577342023-02-28 SC557734core:WithinOneYear2024-02-29 SC557734core:WithinOneYear2023-02-28 SC557734core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 SC557734core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC557734core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 SC557734core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC557734core:PreviouslyStatedAmount2024-02-29 SC557734core:PreviouslyStatedAmount2023-02-28 SC557734business:SmallEntities2023-03-012024-02-29 SC557734countries:Scotland2023-03-012024-02-29 SC557734core:PlantMachinery2023-03-012024-02-29 SC5577342022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC557734 (Scotland)
Lothian Childcare Solutions Ltd Unaudited accounts for the year ended 29 February 2024
Lothian Childcare Solutions Ltd Unaudited accounts Contents
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Lothian Childcare Solutions Ltd Company Information for the year ended 29 February 2024
Director
Ms P Cormack
Company Number
SC557734 (Scotland)
Registered Office
2 Atholl View Prestonpans East Lothian EH32 9FL
Accountants
GF Accountancy Services Ltd 4 Rowanhill Way Port Seton East Lothian EH32 0SZ
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Lothian Childcare Solutions Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
83 
466 
Tangible assets
354 
640 
437 
1,106 
Current assets
Debtors
21,667 
25,257 
Cash at bank and in hand
3,383 
10,522 
25,050 
35,779 
Creditors: amounts falling due within one year
(9,921)
(13,310)
Net current assets
15,129 
22,469 
Net assets
15,566 
23,575 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
15,466 
23,475 
Shareholders' funds
15,566 
23,575 
For the year ending 29 February 2024 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 November 2024 and were signed on its behalf by
Ms P Cormack Director Company Registration No. SC557734
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Lothian Childcare Solutions Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Lothian Childcare Solutions Ltd is a private company, limited by shares, registered in Scotland, registration number SC557734. The registered office is 2 Atholl View, Prestonpans, East Lothian , EH32 9FL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation. Amortisation has been provided at the following rates in order to write off the assets over their estimated useful lives: Website 33% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Lothian Childcare Solutions Ltd Notes to the Accounts for the year ended 29 February 2024
4
Intangible fixed assets
Total 
£ 
Cost
At 1 March 2023
1,450 
At 29 February 2024
1,450 
Amortisation
At 1 March 2023
984 
Charge for the year
383 
At 29 February 2024
1,367 
Net book value
At 29 February 2024
83 
At 28 February 2023
466 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 March 2023
4,902 
Additions
169 
At 29 February 2024
5,071 
Depreciation
At 1 March 2023
4,262 
Charge for the year
455 
At 29 February 2024
4,717 
Net book value
At 29 February 2024
354 
At 28 February 2023
640 
6
Transactions with related parties
The company was under the control of Ms P Cormack throughout the current and previous period. Ms P Cormack is the managing director and sole shareholder. At the start of the period Family Payroll Ltd owed the company an amount of £13,781 and during the year Family Payroll Ltd repaid £1,000 of this loan. At the balance sheet date Family Payroll Ltd was due the company an amount of £12,781 and this is included in debtors due within one year. No interest has been charged on this loan and there is no fixed date for repayment. Ms P Cormack is the managing director and sole shareholder in Family Payroll Ltd.
7
Average number of employees
During the year the average number of employees was 24 (2023: 32).
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