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REGISTERED NUMBER: 08132893 (England and Wales)








Unaudited Financial Statements

For The Year Ended 31 July 2024

for

Little Nippers Childcare Limited

Little Nippers Childcare Limited (Registered number: 08132893)






Contents of the Financial Statements
For The Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Little Nippers Childcare Limited

Company Information
For The Year Ended 31 July 2024







DIRECTORS: Mrs C Paternotte-Chilton
Dr J K Chilton





REGISTERED OFFICE: Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL





BUSINESS ADDRESS: Mudge Way
Plympton
Plymouth
PL7 2AQ





REGISTERED NUMBER: 08132893 (England and Wales)





ACCOUNTANTS: TC Bromhead Limited
Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL

Little Nippers Childcare Limited (Registered number: 08132893)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,600 27,200
Tangible assets 5 284,739 291,018
298,339 318,218

CURRENT ASSETS
Debtors 6 9,380 12,637
Cash at bank 146,053 141,381
155,433 154,018
CREDITORS
Amounts falling due within one year 7 209,642 212,359
NET CURRENT LIABILITIES (54,209 ) (58,341 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

244,130

259,877

CREDITORS
Amounts falling due after more than one
year

8

(75,353

)

(105,358

)

PROVISIONS FOR LIABILITIES (624 ) (398 )
NET ASSETS 168,153 154,121

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 168,053 154,021
SHAREHOLDERS' FUNDS 168,153 154,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

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 4 February 2025 and were signed on its behalf by:



Mrs C Paternotte-Chilton - Director


Little Nippers Childcare Limited (Registered number: 08132893)

Notes to the Financial Statements
For The Year Ended 31 July 2024

1. STATUTORY INFORMATION

Little Nippers Childcare 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 represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Goodwill
During 2016 a review was undertaken of the estimated useful economic life of the goodwill, being the amount that was paid in connection with the acquisition of a business in 2012. As a result the accounting estimate was changed from being written off evenly over twenty years to ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - 2% on cost
Plant & equipment - 25% on reducing balance
Computer equipment - 33% on cost
Improvements to property - 5% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
Whilst the balance sheet reflects net current liabilities, included in current liabilities is monies owed to the directors. The directors are happy to continue to fully support the company and therefore consider the company to be a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 23 ) .

Little Nippers Childcare Limited (Registered number: 08132893)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 160,000
AMORTISATION
At 1 August 2023 132,800
Charge for year 13,600
At 31 July 2024 146,400
NET BOOK VALUE
At 31 July 2024 13,600
At 31 July 2023 27,200

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 352,655 68,667 421,322
Additions - 2,298 2,298
At 31 July 2024 352,655 70,965 423,620
DEPRECIATION
At 1 August 2023 69,869 60,435 130,304
Charge for year 6,553 2,024 8,577
At 31 July 2024 76,422 62,459 138,881
NET BOOK VALUE
At 31 July 2024 276,233 8,506 284,739
At 31 July 2023 282,786 8,232 291,018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 3,769 2,929
Other debtors 5,611 9,708
9,380 12,637

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 32,102 34,199
Taxation and social security 14,964 15,363
Other creditors 162,576 162,797
209,642 212,359

Little Nippers Childcare Limited (Registered number: 08132893)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 75,353 105,358

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years - 7,169

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 95,956 122,022

Bank loans are secured upon freehold property.

10. OTHER FINANCIAL COMMITMENTS

A guarantee is in place with regard to the loans to the company from Lloyds Bank. The security schedule from the bank outlines the following:

A first legal charge over the freehold land and buildings.
An unlimited debenture from the company.
A guarantee from the directors Dr J K Chilton and Dr C Paternotte-Chilton for a principal amount of £127,000 plus interest and other costs.