Acorah Software Products - Accounts Production 16.0.110 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 11568799 Mrs L A Wagg Mr C I Wagg Miss L J England iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11568799 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-09-30 11568799 2023-09-30 11568799 2024-09-30 11568799 2023-10-01 2024-09-30 11568799 frs-core:CurrentFinancialInstruments 2024-09-30 11568799 frs-core:Non-currentFinancialInstruments 2024-09-30 11568799 frs-core:FurnitureFittings 2024-09-30 11568799 frs-core:FurnitureFittings 2023-10-01 2024-09-30 11568799 frs-core:FurnitureFittings 2023-09-30 11568799 frs-core:NetGoodwill 2024-09-30 11568799 frs-core:NetGoodwill 2023-10-01 2024-09-30 11568799 frs-core:NetGoodwill 2023-09-30 11568799 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 11568799 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 11568799 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 11568799 frs-core:ShareCapital 2024-09-30 11568799 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 11568799 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11568799 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 11568799 frs-bus:SmallEntities 2023-10-01 2024-09-30 11568799 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 11568799 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 11568799 frs-bus:Director1 2023-10-01 2024-09-30 11568799 frs-bus:Director2 2023-10-01 2024-09-30 11568799 frs-bus:Director3 2023-10-01 2024-09-30 11568799 frs-countries:EnglandWales 2023-10-01 2024-09-30 11568799 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-09-30 11568799 2022-09-30 11568799 2023-09-30 11568799 2022-10-01 2023-09-30 11568799 frs-core:CurrentFinancialInstruments 2023-09-30 11568799 frs-core:Non-currentFinancialInstruments 2023-09-30 11568799 frs-core:ShareCapital 2023-09-30 11568799 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 11568799
Little Explorers Children's Day Nursery Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 11568799
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 233,740 231,400
233,740 231,400
CURRENT ASSETS
Debtors 6 92,926 37,946
Cash at bank and in hand 23,643 40,458
116,569 78,404
Creditors: Amounts Falling Due Within One Year 7 (140,709 ) (101,307 )
NET CURRENT ASSETS (LIABILITIES) (24,140 ) (22,903 )
TOTAL ASSETS LESS CURRENT LIABILITIES 209,600 208,497
Creditors: Amounts Falling Due After More Than One Year 8 (159,011 ) (172,633 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,650 ) (6,000 )
NET ASSETS 44,939 29,864
CAPITAL AND RESERVES
Called up share capital 10 3 3
Profit and Loss Account 44,936 29,861
SHAREHOLDERS' FUNDS 44,939 29,864
Page 1
Page 2
For the year ending 30 September 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs L A Wagg
Director
03/01/2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Little Explorers Children's Day Nursery Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11568799 . The registered office is Stapeley House London Road, Stapeley, Nantwich, Cheshire, CW5 7JW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Monetary amounts in these financial statements are rounded to the nearest £.
2.2. 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 rendering of childrens day nursery services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 4 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold nil
Fixtures & Fittings 25% reducing balance
The directors consider that the residual value of the property equates to the cost, therefore there is a depreciation charge of £nil in the current year.
Page 3
Page 4
2.5. Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. The basic financial instruments of the company are as follows:

Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recoginsed in the Profit and Loss account when there is objective evidence that the asset is impaired.

Cash at bank and in hand
This comprises cash at bank and in hand.

Trade creditors
Trade creditors are not interest bearing and are stated at their nominal value.

Loans
Loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
Page 4
Page 5
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 15)
15 15
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 61,305
As at 30 September 2024 61,305
Amortisation
As at 1 October 2023 61,305
As at 30 September 2024 61,305
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 -
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 October 2023 207,000 76,713 283,713
Additions - 11,368 11,368
Disposals - (449 ) (449 )
As at 30 September 2024 207,000 87,632 294,632
...CONTINUED
Page 5
Page 6
Depreciation
As at 1 October 2023 - 52,313 52,313
Provided during the period - 8,913 8,913
Disposals - (334 ) (334 )
As at 30 September 2024 - 60,892 60,892
Net Book Value
As at 30 September 2024 207,000 26,740 233,740
As at 1 October 2023 207,000 24,400 231,400
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 292 780
Other debtors 92,166 37,166
Other taxes and social security 468 -
92,926 37,946
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 13,622 20,779
Corporation tax 27,650 15,250
Other taxes and social security - 652
Net wages 16,396 12,732
Other creditors 23,250 23,249
Accruals and deferred income 54,106 23,340
Directors' loan accounts 5,685 5,305
140,709 101,307
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 159,011 172,633
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 100,673 115,862
Page 6
Page 7
9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured by fixed and floating charges.
2024 2023
£ £
Bank loans and overdrafts 153,189 170,634
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
11. Related Party Transactions
Mr CI Wagg and Mrs LA Wagg have given personal guarantees in respect of bank loans included in creditors totalling £153,189 (2023, £170,634). Included in other debtors is an interest free loan to Hillside Children’s Day Nursery (Stoke) Limited of £37,166 (2023, £37,166) and Blythe Bridge Nursery Group Limited of £55,000 (2023, £nil), companies in which Mr CI Wagg, Mrs LA Wagg and Miss LJ England are directors and shareholders. Included in other creditors is an interest free loan from Blythe Bridge Day Nursery Limited of £23,250 (2023, £23,250), a company in which Mr CI Wagg and Mrs LA Wagg are directors and shareholders.
Page 7