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Registration number: 11561866

LittleGemsAldershot Ltd

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 30 September 2024

 

LittleGemsAldershot Ltd

(Registration number: 11561866)
Statement of Financial Position as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,642

3,011

Current assets

 

Debtors

5

65,198

11,686

Cash at bank and in hand

 

42,790

99,583

 

107,988

111,269

Creditors: Amounts falling due within one year

6

(101,069)

(93,844)

Net current assets

 

6,919

17,425

Total assets less current liabilities

 

12,561

20,436

Creditors: Amounts falling due after more than one year

6

(2,926)

(6,098)

Provisions for liabilities

(1,411)

(753)

Net assets

 

8,224

13,585

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

8,124

13,485

Shareholders' funds

 

8,224

13,585

 

LittleGemsAldershot Ltd

(Registration number: 11561866)
Statement of Financial Position as at 30 September 2024

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 11 March 2025
 

.........................................
M Szymanska-Queiroz
Company secretary and director

 

LittleGemsAldershot Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: 61-63 North Lane, Aldershot, Hampshire, GU12 4QF.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

LittleGemsAldershot Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Fixtures and fittings

25% reducing balance

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

LittleGemsAldershot Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2023 - 8).

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 October 2023

-

8,824

8,824

Additions

4,512

-

4,512

At 30 September 2024

4,512

8,824

13,336

Depreciation

At 1 October 2023

-

5,813

5,813

Charge for the year

1,128

753

1,881

At 30 September 2024

1,128

6,566

7,694

Carrying amount

At 30 September 2024

3,384

2,258

5,642

At 30 September 2023

-

3,011

3,011

5

Debtors

Note

2024
£

2023
£

Amounts owed by related parties

55,709

-

Other debtors

 

8,089

8,686

Prepayments

 

1,400

3,000

 

65,198

11,686

 

LittleGemsAldershot Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Bank loans and overdrafts

7

4,387

3,658

Taxation and social security

 

10,247

13,680

Accruals and deferred income

 

2,554

1,920

Other creditors

 

83,881

74,586

 

101,069

93,844

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Loans and borrowings

7

2,926

6,098

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

2,440

6,098

Other borrowings

486

-

2,926

6,098

Current loans and borrowings

2024
£

2023
£

Bank borrowings

3,658

3,658

Other borrowings

729

-

4,387

3,658