Registered number
13480269
LITTLE BUTTERFLIES PRE-SCHOOL COLCHESTER LTD
Filleted Accounts
30 June 2024
LITTLE BUTTERFLIES PRE-SCHOOL COLCHESTER LTD
Registered number: 13480269
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 24,798 22,038
Current assets
Debtors 4 4,733 3,352
Cash at bank and in hand 128,918 84,407
133,651 87,759
Creditors: amounts falling due within one year 5 (35,210) (26,665)
Net current assets 98,441 61,094
Total assets less current liabilities 123,239 83,132
Provisions for liabilities (4,712) (4,188)
Net assets 118,527 78,944
Capital and reserves
Called up share capital 100 100
Profit and loss account 118,427 78,844
Shareholders' funds 118,527 78,944
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 members have 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.
Leah-Marcel Conner
Director
Approved by the board on 21 January 2025
LITTLE BUTTERFLIES PRE-SCHOOL COLCHESTER LTD
Notes to the Accounts
for the year ended 30 June 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 equipment over 4 years
Motor vehicles over 4 years
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
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, including the director. 5 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 9,285 14,950 24,235
Additions 9,161 - 9,161
At 30 June 2024 18,446 14,950 33,396
Depreciation
At 1 July 2023 1,450 747 2,197
Charge for the year 3,413 2,988 6,401
At 30 June 2024 4,863 3,735 8,598
Net book value
At 30 June 2024 13,583 11,215 24,798
At 30 June 2023 7,835 14,203 22,038
4 Debtors 2024 2023
£ £
Trade debtors 1,450 992
Other debtors 3,283 2,360
4,733 3,352
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 13,372 11,828
Other creditors 21,838 14,837
35,210 26,665
6 Other information
LITTLE BUTTERFLIES PRE-SCHOOL COLCHESTER LTD is a private company limited by shares and incorporated in England. Its registered office is:
8 Blue Barns Business Park
Old Ipswich Road, Ardleigh
Colchester
Essex
CO7 7FX
LITTLE BUTTERFLIES PRE-SCHOOL COLCHESTER LTD 13480269 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 Leah-Marcel Conner No description of principal activity 13480269 2022-07-01 2023-06-30 13480269 core:WithinOneYear 2023-06-30 13480269 core:ShareCapital 2023-06-30 13480269 core:RetainedEarningsAccumulatedLosses 2023-06-30 13480269 2023-07-01 2024-06-30 13480269 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13480269 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 13480269 bus:Director40 2023-07-01 2024-06-30 13480269 1 2023-07-01 2024-06-30 13480269 2 2023-07-01 2024-06-30 13480269 core:PlantMachinery 2023-07-01 2024-06-30 13480269 core:Vehicles 2023-07-01 2024-06-30 13480269 countries:England 2023-07-01 2024-06-30 13480269 bus:FRS102 2023-07-01 2024-06-30 13480269 bus:FilletedAccounts 2023-07-01 2024-06-30 13480269 2024-06-30 13480269 core:WithinOneYear 2024-06-30 13480269 core:ShareCapital 2024-06-30 13480269 core:RetainedEarningsAccumulatedLosses 2024-06-30 13480269 core:PlantMachinery 2024-06-30 13480269 core:Vehicles 2024-06-30 13480269 2023-06-30 13480269 core:PlantMachinery 2023-06-30 13480269 core:Vehicles 2023-06-30 iso4217:GBP xbrli:pure