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REGISTERED NUMBER: 10892334 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Leapfrogs Playgym Limited

Leapfrogs Playgym Limited (Registered number: 10892334)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Leapfrogs Playgym Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr J S Smith
Mrs J Smith
Mrs M J Tollan





SECRETARY: Mrs M J Tollan





REGISTERED OFFICE: Unit 37 Tentercroft Mills Elm Street
Skelmanthorpe
Huddersfield
West Yorkshire
HD8 9EB





REGISTERED NUMBER: 10892334 (England and Wales)






Leapfrogs Playgym Limited (Registered number: 10892334)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,199 15,249
Tangible assets 5 10,436 13,282
22,635 28,531

CURRENT ASSETS
Stocks 400 400
Debtors 6 28,324 25,708
Cash at bank and in hand 278 2,479
29,002 28,587
CREDITORS
Amounts falling due within one year 7 119,367 118,469
NET CURRENT LIABILITIES (90,365 ) (89,882 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(67,730

)

(61,351

)

CREDITORS
Amounts falling due after more than one
year

8

29,028

34,205
NET LIABILITIES (96,758 ) (95,556 )

CAPITAL AND RESERVES
Called up share capital 11 4 4
Retained earnings 12 (96,762 ) (95,560 )
SHAREHOLDERS' FUNDS (96,758 ) (95,556 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Leapfrogs Playgym Limited (Registered number: 10892334)

Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





Mr J S Smith - Director


Leapfrogs Playgym Limited (Registered number: 10892334)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Leapfrogs Playgym Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost, 15% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Leapfrogs Playgym Limited (Registered number: 10892334)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Going concern
At the year end the company had net liabilities of £95,411 (2022: £95,556). However, the directors confirmed that it remains appropriate to prepare the accounts on a going concern basis due to the continued financial support from the company's creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 30,498
AMORTISATION
At 1 December 2022 15,249
Charge for year 3,050
At 30 November 2023 18,299
NET BOOK VALUE
At 30 November 2023 12,199
At 30 November 2022 15,249

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 29,199
DEPRECIATION
At 1 December 2022 15,917
Charge for year 2,846
At 30 November 2023 18,763
NET BOOK VALUE
At 30 November 2023 10,436
At 30 November 2022 13,282

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 28,324 25,708

Leapfrogs Playgym Limited (Registered number: 10892334)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 5,485 5,176
Trade creditors 32,735 27,364
Taxation and social security 9,917 12,790
Other creditors 71,230 73,139
119,367 118,469

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 29,028 34,205

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 13,499

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.23 30.11.22
£    £   
Within one year 24,977 24,368
Between one and five years 78,741 103,717
103,718 128,085

10. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank overdraft 309 -
Bank loans 34,204 39,381
34,513 39,381

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
4 Ordinary £1 4 4

Leapfrogs Playgym Limited (Registered number: 10892334)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

12. RESERVES
Retained
earnings
£   

At 1 December 2022 (95,560 )
Deficit for the year (1,202 )
At 30 November 2023 (96,762 )