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REGISTERED NUMBER: 06587227 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Little Steps (Higham Ferrers) Ltd

Little Steps (Higham Ferrers) Ltd (Registered number: 06587227)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Little Steps (Higham Ferrers) Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: W K Woolston
Mrs H G Woolston
Mrs K Bounds





REGISTERED OFFICE: Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW





REGISTERED NUMBER: 06587227 (England and Wales)





ACCOUNTANTS: Willsons
Chartered Accountants
Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW

Little Steps (Higham Ferrers) Ltd (Registered number: 06587227)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 154,217 177,076

CURRENT ASSETS
Stocks 1,181 1,074
Debtors 5 14,251 12,032
Cash at bank and in hand 115,383 130,976
130,815 144,082
CREDITORS
Amounts falling due within one year 6 89,731 81,887
NET CURRENT ASSETS 41,084 62,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,301

239,271

PROVISIONS FOR LIABILITIES 3,727 4,435
NET ASSETS 191,574 234,836

CAPITAL AND RESERVES
Called up share capital 1,150 1,150
Retained earnings 190,424 233,686
SHAREHOLDERS' FUNDS 191,574 234,836

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

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

Little Steps (Higham Ferrers) Ltd (Registered number: 06587227)

Balance Sheet - continued
31 August 2024


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 20 March 2025 and were signed on its behalf by:





W K Woolston - Director


Little Steps (Higham Ferrers) Ltd (Registered number: 06587227)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Little Steps (Higham Ferrers) Ltd 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 provision of a day nursery for children for the period covered by the financial statements. On that basis, advance payments received at the balance sheet date are included within trade creditors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 25 years
Improvements to property - Straight line over the life of the lease
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Little Steps (Higham Ferrers) Ltd (Registered number: 06587227)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Building grants
The company has received grants towards the cost of improvements to its premises. These grants are shown as deferred grant income within creditors and released to the Profit and Loss Account over the life of the property lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 40 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST
At 1 September 2023
and 31 August 2024 294,546 149,039 39,941 18,160 501,686
DEPRECIATION
At 1 September 2023 151,293 117,374 37,784 18,159 324,610
Charge for year 11,782 10,538 539 - 22,859
At 31 August 2024 163,075 127,912 38,323 18,159 347,469
NET BOOK VALUE
At 31 August 2024 131,471 21,127 1,618 1 154,217
At 31 August 2023 143,253 31,665 2,157 1 177,076

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 4,250 4,250
Directors' current accounts 5,436 3,551
Prepayments 4,565 4,231
14,251 12,032

Little Steps (Higham Ferrers) Ltd (Registered number: 06587227)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 53,244 30,652
Corporation Tax 24,573 28,180
Social security and other taxes 5,095 14,836
Other creditors 3,453 4,758
Directors' current accounts 216 339
Accrued expenses 3,150 3,122
89,731 81,887

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year 24,400 24,400
Between one and five years 97,600 97,600
In more than five years 219,600 244,000
341,600 366,000

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
W K Woolston and Mrs H G Woolston
Balance outstanding at start of year 3,551 3,958
Amounts advanced 5,436 3,551
Amounts repaid (3,551 ) (3,958 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,436 3,551

Mrs K Bounds
Balance outstanding at start of year - 266
Amounts repaid - (266 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -