Company Registration No. 12294757 (England and Wales)
PIGLETS PRE-SCHOOL LTD
Unaudited accounts
for the year ended 30 November 2024
PIGLETS PRE-SCHOOL LTD
Unaudited accounts
Contents
PIGLETS PRE-SCHOOL LTD
Company Information
for the year ended 30 November 2024
Company Number
12294757 (England and Wales)
Registered Office
CHESSINGTON COMMUNITY COLLEGE
GARRISON LANE
CHESSINGTON
KT9 2JS
ENGLAND
Accountants
Hybrid Premium LTD
2-4 Stoneleigh Park Road
Stoneleigh
Epsom
Surrey
KT19 0QT
PIGLETS PRE-SCHOOL LTD
Statement of financial position
as at 30 November 2024
Tangible assets
9,661
11,093
Cash at bank and in hand
155,803
78,103
Creditors: amounts falling due within one year
(104,365)
(94,035)
Net current assets
55,859
7,170
Total assets less current liabilities
65,520
18,263
Creditors: amounts falling due after more than one year
(5,297)
(15,297)
Provisions for liabilities
Called up share capital
13
13
Profit and loss account
57,940
2,953
Shareholders' funds
57,953
2,966
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 February 2025 and were signed on its behalf by
Sarah Bettinson
Director
Company Registration No. 12294757
PIGLETS PRE-SCHOOL LTD
Notes to the Accounts
for the year ended 30 November 2024
PIGLETS PRE-SCHOOL LTD is a private company, limited by shares, registered in England and Wales, registration number 12294757. The registered office is CHESSINGTON COMMUNITY COLLEGE, GARRISON LANE, CHESSINGTON, KT9 2JS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 November 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years straight line
Computer equipment
2 years straight line
PIGLETS PRE-SCHOOL LTD
Notes to the Accounts
for the year ended 30 November 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2023
18,638
-
18,638
At 30 November 2024
19,138
2,805
21,943
At 1 December 2023
7,545
-
7,545
Charge for the year
3,802
935
4,737
At 30 November 2024
11,347
935
12,282
At 30 November 2024
7,791
1,870
9,661
At 30 November 2023
11,093
-
11,093
Amounts falling due within one year
Trade debtors
3,613
22,294
Accrued income and prepayments
808
808
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,510
10,510
Taxes and social security
35,332
31,433
Other creditors
1,502
1,000
Loans from directors
51,052
25,987
Deferred income
2,828
17,549
7
Creditors: amounts falling due after more than one year
2024
2023
On 20th May 2020, the company received a Bounce Back Loan of £50,000 under the government-backed scheme. The loan is repayable over six years, with the first 12 months interest-free and a fixed 2.5% interest rate thereafter. No security was required for the loan.
As of the year-end, the outstanding balance was £15,000.11.
The initial government-backed interest-free period was treated as a government grant, and the benefit has been amortised over the loan term.
PIGLETS PRE-SCHOOL LTD
Notes to the Accounts
for the year ended 30 November 2024
8
Deferred taxation
2024
2023
Accelerated capital allowances
2,270
-
Charged to the profit and loss account
2,270
-
Provision at end of year
2,270
-
The deferred tax balance has been calculated at an effective tax rate of 23.5%, based on the applicable corporation tax rate.
9
Transactions with related parties
During the year, the director had a loan account with the company, which was in credit at the year-end. No interest was charged, and funds were drawn at a later date after the declaration of dividends.
10
Average number of employees
During the year the average number of employees was 22 (2023: 22).