Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-03-01truefalseChildcare on nursery premises4439trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03904669 2023-03-01 2024-02-29 03904669 2022-03-01 2023-02-28 03904669 2024-02-29 03904669 2023-02-28 03904669 c:Director1 2023-03-01 2024-02-29 03904669 d:Buildings d:LongLeaseholdAssets 2023-03-01 2024-02-29 03904669 d:Buildings d:LongLeaseholdAssets 2024-02-29 03904669 d:Buildings d:LongLeaseholdAssets 2023-02-28 03904669 d:MotorVehicles 2023-03-01 2024-02-29 03904669 d:OfficeEquipment 2023-03-01 2024-02-29 03904669 d:OfficeEquipment 2024-02-29 03904669 d:OfficeEquipment 2023-02-28 03904669 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 03904669 d:OtherPropertyPlantEquipment 2023-03-01 2024-02-29 03904669 d:OtherPropertyPlantEquipment 2024-02-29 03904669 d:OtherPropertyPlantEquipment 2023-02-28 03904669 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 03904669 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 03904669 d:Goodwill 2024-02-29 03904669 d:Goodwill 2023-02-28 03904669 d:CurrentFinancialInstruments 2024-02-29 03904669 d:CurrentFinancialInstruments 2023-02-28 03904669 d:Non-currentFinancialInstruments 2024-02-29 03904669 d:Non-currentFinancialInstruments 2023-02-28 03904669 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 03904669 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 03904669 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 03904669 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 03904669 d:ShareCapital 2024-02-29 03904669 d:ShareCapital 2023-02-28 03904669 d:RetainedEarningsAccumulatedLosses 2024-02-29 03904669 d:RetainedEarningsAccumulatedLosses 2023-02-28 03904669 c:FRS102 2023-03-01 2024-02-29 03904669 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 03904669 c:FullAccounts 2023-03-01 2024-02-29 03904669 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 03904669 d:WithinOneYear 2024-02-29 03904669 d:WithinOneYear 2023-02-28 03904669 d:Goodwill d:OwnedIntangibleAssets 2023-03-01 2024-02-29 03904669 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 03904669










LITTLE OAKS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
LITTLE OAKS LIMITED
REGISTERED NUMBER: 03904669

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
6,000
8,000

Tangible assets
 5 
122,497
121,874

  
128,497
129,874

Current assets
  

Debtors: amounts falling due within one year
 6 
5,860
3,469

Cash at bank and in hand
  
21,398
1,381

  
27,258
4,850

Creditors: amounts falling due within one year
 7 
(93,642)
(73,162)

Net current liabilities
  
 
 
(66,384)
 
 
(68,312)

Total assets less current liabilities
  
62,113
61,562

Creditors: amounts falling due after more than one year
 8 
(50,915)
(44,798)

Provisions for liabilities
  

Deferred tax
  
(4,898)
(4,977)

Net assets
  
6,300
11,787


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
6,298
11,785

  
6,300
11,787


Page 1

 
LITTLE OAKS LIMITED
REGISTERED NUMBER: 03904669
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 January 2025.




L. J. Birkin
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
LITTLE OAKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Little Oaks Limited is a private company limited by shares, incorporated in England and Wales (registered number: 03904669). Its registered office is 92 High Street, Kimberley, Nottingham, NG16 2PD. The principal activity of the Company throughout the year continued to be that of the provision of childcare on nursery premises.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Income and Retained Earnings over its useful economic life. 

Page 3

 
LITTLE OAKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

L/Term Leasehold Property
-
2%
straight line
Motor vehicles
-
30%
reducing balance
Office equipment
-
25%
reducing balance
Other fixed assets
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Page 4

 
LITTLE OAKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.6

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.7

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Employees

The average monthly number of employees, including directors, during the year was 44 (2023 - 39).

Page 5

 
LITTLE OAKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Intangible assets






Goodwill

£



Cost


At 1 March 2023
40,000



At 29 February 2024

40,000



Amortisation


At 1 March 2023
32,000


Charge for the year on owned assets
2,000



At 29 February 2024

34,000



Net book value



At 29 February 2024
6,000



At 28 February 2023
8,000



Page 6

 
LITTLE OAKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Tangible fixed assets







L/Term Leasehold Property
Office equipment
Asset under construction
Total

£
£
£
£



Cost or valuation


At 1 March 2023
91,897
53,293
43,814
189,004


Additions
4,271
804
-
5,075


Transfers between classes
43,814
-
(43,814)
-



At 29 February 2024

139,982
54,097
-
194,079



Depreciation


At 1 March 2023
20,038
47,092
-
67,130


Charge for the year on owned assets
2,751
1,701
-
4,452



At 29 February 2024

22,789
48,793
-
71,582



Net book value



At 29 February 2024
117,193
5,304
-
122,497



At 28 February 2023
71,859
6,201
43,814
121,874


6.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
5,860
3,469

5,860
3,469


Page 7

 
LITTLE OAKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank overdrafts
32,966
29,093

Bank loans
10,000
10,000

Other loans
4,995
9,308

Trade creditors
738
1,752

Corporation tax
-
6,855

Other creditors
44,943
16,154

93,642
73,162



8.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
12,500
22,500

Other loans
38,415
22,298

50,915
44,798



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £10,520 (2023: £9,091). Contributions totalling £901 (2023: £769) were payable to the fund at the balance sheet date and are included in creditors.


10.


Commitments under operating leases

At 29 February 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

29 February
28 February
2024
2023
£
£


Not later than 1 year
-
2,565

 
Page 8