Registered number
08263826
The Little Nursery Group Limited
Filleted Accounts
31 August 2024
The Little Nursery Group Limited
Registered number: 08263826
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 1,293,618 542,815
Current assets
Debtors 5 3,186 2,014
Cash at bank and in hand 181,076 1
184,262 2,015
Creditors: amounts falling due within one year 6 (117,172) (162,654)
Net current assets/(liabilities) 67,090 (160,639)
Total assets less current liabilities 1,360,708 382,176
Creditors: amounts falling due after more than one year 7 (1,156,824) (210,743)
Provisions for liabilities (1,896) (2,987)
Net assets 201,988 168,446
Capital and reserves
Called up share capital 300 300
Profit and loss account 201,688 168,146
Shareholder's funds 201,988 168,446
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
David Johnson
Director
Approved by the board on 21 January 2025
The Little Nursery Group Limited
Notes to the Accounts
for the period from 1 January 2024 to 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Motor vehciles 20% reducing balance
Land and Buildings 2% Straight line
Computer Equipment 25% Straight Line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees
2024 2023
Number Number
Average number of persons employed by the company 20 15
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 20,240
At 31 August 2024 20,240
Amortisation
At 1 January 2024 20,240
At 31 August 2024 20,240
Net book value
At 31 August 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 570,066 61,463 31,399 662,928
Additions 772,117 - - 772,117
At 31 August 2024 1,342,183 61,463 31,399 1,435,045
Depreciation
At 1 January 2024 68,711 51,402 - 120,113
Charge for the period 15,771 1,357 4,186 21,314
At 31 August 2024 84,482 52,759 4,186 141,427
Net book value
At 31 August 2024 1,257,701 8,704 27,213 1,293,618
At 31 December 2023 501,355 10,061 31,399 542,815
5 Debtors 2024 2023
£ £
Trade debtors 440 -
Other debtors 2,746 2,014
3,186 2,014
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 58,852
Trade creditors - 73
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 47,430
Taxation and social security costs 20,401 4,037
Other creditors 96,771 52,262
117,172 162,654
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 210,743
Other creditors 1,156,824 -
1,156,824 210,743
8 Changes in presentation
Direct Labour has been moved from administrative expenses to cost of sales starting from this financial year. These costs are therefore not comparable to the previous period. This change was made in order to reflect the cost of sales more accurately and does not impact the net profit.
9 Reporting period
The financial statements are presented for an 8 month period as the accounting period was changed after a change in ownership. Therefore comparative amounts presented in the financial statements, including the related notes, are not entirely comparable.
10 Controlling party
The controlling party is Early Years Concepts Ltd. Its registered office is:
Little Learners Day Nursery
Booth Lane
Middlewich
Cheshire
CW10 0JL
11 Other information
The Little Nursery Group Limited is a private company limited by shares and incorporated in England. Its registered office is:
Biskey Howe
Booth Lane
Middlewich
Cheshire
CW10 0JL
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