Registered number
12043646
LITTLE PIPPINS MONTESSORI NURSERY LIMITED
Filleted Accounts
31 August 2024
LITTLE PIPPINS MONTESSORI NURSERY LIMITED
Registered number: 12043646
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 71,667 40,127
Current assets
Cash at bank and in hand 311,998 308,389
Creditors: amounts falling due within one year 4 (59,799) (41,329)
Net current assets 252,199 267,060
Total assets less current liabilities 323,866 307,187
Creditors: amounts falling due after more than one year 5 (30,938) (37,601)
Net assets 292,928 269,586
Capital and reserves
Called up share capital 2 2
Profit and loss account 292,926 269,584
Shareholders' funds 292,928 269,586
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.
I POLLITT
Director
Approved by the board on 19 March 2025
LITTLE PIPPINS MONTESSORI NURSERY LIMITED
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
General information and basis of preparation
Little Pippins Montessori Nursery Limited is a private company limited by shares incorporated in England and Wales, United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements. The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £000.
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.
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:
Freehold buildings over 50 years
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
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 12 12
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 7,573 32,995 28,540 69,108
Additions 38,449 12,750 - 51,199
At 31 August 2024 46,022 45,745 28,540 120,307
Depreciation
At 1 September 2023 - 17,465 11,516 28,981
Charge for the year 4,801 9,150 5,708 19,659
At 31 August 2024 4,801 26,615 17,224 48,640
Net book value
At 31 August 2024 41,221 19,130 11,316 71,667
At 31 August 2023 7,573 15,530 17,024 40,127
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,175 4,175
Obligations under finance lease and hire purchase contracts 2,751 2,751
Trade creditors 39,257 -
Taxation and social security costs 7,241 24,269
Other creditors 6,375 10,134
59,799 41,329
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 14,124 18,240
Obligations under finance lease and hire purchase contracts 16,814 19,361
30,938 37,601
6 Other information
LITTLE PIPPINS MONTESSORI NURSERY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Skelton Newby Hall Primary School
Skelton-On-Ure
Ripon
HG4 5AJ
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