Registered number
12020103
JAN PRESCHOOL LIMITED
Filleted Accounts
31 May 2024
JAN PRESCHOOL LIMITED
Registered number: 12020103
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 3 3,679
Tangible assets 4 9,799 11,886
9,802 15,565
Current assets
Debtors 5 11,500 11,500
Cash at bank and in hand 19,040 8,526
30,540 20,026
Creditors: amounts falling due within one year 6 (82,519) (142,294)
Net current liabilities (51,979) (122,268)
Net liabilities (42,177) (106,703)
Capital and reserves
Profit and loss account (42,177) (106,703)
Shareholders' funds (42,177) (106,703)
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.
N Hannan
Director
Approved by the board on 15 February 2025
JAN PRESCHOOL LIMITED
Notes to the Accounts
for the year ended 31 May 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 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.
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 13 11
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2023 18,383
At 31 May 2024 18,383
Amortisation
At 1 June 2023 14,704
Provided during the year 3,676
At 31 May 2024 18,380
Net book value
At 31 May 2024 3
At 31 May 2023 3,679
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 Total
£ £ £
Cost
At 1 June 2023 1 25,588 25,589
Additions - 363 363
At 31 May 2024 1 25,951 25,952
Depreciation
At 1 June 2023 - 13,703 13,703
Charge for the year - 2,450 2,450
At 31 May 2024 - 16,153 16,153
Net book value
At 31 May 2024 1 9,798 9,799
At 31 May 2023 1 11,885 11,886
5 Debtors 2024 2023
£ £
Other debtors 11,500 11,500
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 699 2,423
Other creditors 81,820 139,871
82,519 142,294
7 Related party transactions
Other creditors includes amount outstanding to director N Hannan is £80,321 (2023 £137,021)
8 Controlling party
The ultimate controlling party was N Hannan, a director and shareholder of the company.
9 Other information
JAN PRESCHOOL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
38 Highland Court
87 Gordon Road
London
E18 1RE
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