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Company No: 08230840 (England and Wales)

LILIPUT DAY NURSERY (YORK) LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

LILIPUT DAY NURSERY (YORK) LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

LILIPUT DAY NURSERY (YORK) LIMITED

COMPANY INFORMATION

For the financial year ended 31 October 2024
LILIPUT DAY NURSERY (YORK) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2024
DIRECTOR Nicola Cooper
REGISTERED OFFICE Ings Lane
York Business Park
Nether Poppleton
York
United Kingdom
COMPANY NUMBER 08230840 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
LILIPUT DAY NURSERY (YORK) LIMITED

BALANCE SHEET

As at 31 October 2024
LILIPUT DAY NURSERY (YORK) LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 7,094 2,503
7,094 2,503
Current assets
Debtors 5 88,597 246,526
Cash at bank and in hand 6 206,331 138,112
294,928 384,638
Creditors: amounts falling due within one year 7 ( 107,336) ( 99,565)
Net current assets 187,592 285,073
Total assets less current liabilities 194,686 287,576
Creditors: amounts falling due after more than one year 8 ( 4,401) ( 12,920)
Provision for liabilities 9 ( 1,696) ( 476)
Net assets 188,589 274,180
Capital and reserves
Called-up share capital 10 1,000 1,000
Profit and loss account 187,589 273,180
Total shareholder's funds 188,589 274,180

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Liliput Day Nursery (York) Limited (registered number: 08230840) were approved and authorised for issue by the Director on 14 March 2025. They were signed on its behalf by:

Nicola Cooper
Director
LILIPUT DAY NURSERY (YORK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
LILIPUT DAY NURSERY (YORK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Liliput Day Nursery (York) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ings Lane, York Business Park, Nether Poppleton, York, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 6 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 20 % reducing balance
Office equipment 5 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) 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.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 15 14

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 November 2023 202,000 202,000
At 31 October 2024 202,000 202,000
Accumulated amortisation
At 01 November 2023 202,000 202,000
At 31 October 2024 202,000 202,000
Net book value
At 31 October 2024 0 0
At 31 October 2023 0 0

4. Tangible assets

Leasehold improve-
ments
Office equipment Computer equipment Total
£ £ £ £
Cost
At 01 November 2023 0 11,227 2,298 13,525
Additions 6,130 638 0 6,768
At 31 October 2024 6,130 11,865 2,298 20,293
Accumulated depreciation
At 01 November 2023 0 9,992 1,030 11,022
Charge for the financial year 613 854 710 2,177
At 31 October 2024 613 10,846 1,740 13,199
Net book value
At 31 October 2024 5,517 1,019 558 7,094
At 31 October 2023 0 1,235 1,268 2,503

5. Debtors

2024 2023
£ £
Corporation tax 74,307 0
Other debtors 14,290 246,526
88,597 246,526

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 206,331 138,112

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 8,519 8,118
Amounts owed to director 28,473 0
Accruals and deferred income 65,187 57,211
Taxation and social security 4,739 33,377
Other creditors 418 859
107,336 99,565

Included within bank loans and overdrafts is a Coronavirus Bounce Back Loan which is secured by way of government guarantee, with £4,401 (2023: £12,920) due after one year. The loan is due to be fully repaid within five years. £8,519 (2023: £8,118) is due within one year, included in bank loans

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 4,401 12,920

There are no amounts included above in respect of which any security has been given by the small entity.

Included within bank loans and overdrafts is a Coronavirus Bounce Back Loan which is secured by way of government guarantee, with £4,401 (2023: £12,920) due after one year. The loan is due to be fully repaid within five years. £8,519 (2023: £8,118) is due within one year, included in bank loans

9. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 476) ( 692)
(Charged)/credited to the Statement of Income and Retained Earnings ( 1,220) 216
At the end of financial year ( 1,696) ( 476)

10. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000

11. Financial commitments

Commitments

Capital commitments are as follows:

2024 2023
£ £
Contracted for but not provided for:
Finance leases entered into 476,712 516,712

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases.