Registered number
05102093
LITTLE OWLS NURSERY LIMITED
Filleted Accounts
31 July 2024
LITTLE OWLS NURSERY LIMITED
Registered number: 05102093
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 296,489 103,048
Current assets
Debtors 4 569,783 484,111
Cash at bank and in hand 507,881 269,501
1,077,664 753,612
Creditors: amounts falling due within one year 5 (571,592) (157,668)
Net current assets 506,072 595,944
Total assets less current liabilities 802,561 698,992
Creditors: amounts falling due after more than one year 6 (25,500) (25,500)
Net assets 777,061 673,492
Capital and reserves
Called up share capital 100,000 100,000
Profit and loss account 677,061 573,492
Shareholders' funds 777,061 673,492
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.
Mobeen Ashraf
Director
Approved by the board on 25 April 2025
LITTLE OWLS NURSERY LIMITED
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 43 41
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 154,064 214,067 36,674 404,805
Additions 172,455 79,366 - 251,821
At 31 July 2024 326,519 293,433 36,674 656,626
Depreciation
At 1 August 2023 150,077 148,013 3,667 301,757
Charge for the year 32,900 21,813 3,667 58,380
At 31 July 2024 182,977 169,826 7,334 360,137
Net book value
At 31 July 2024 143,542 123,607 29,340 296,489
At 31 July 2023 3,987 66,054 33,007 103,048
4 Debtors 2024 2023
£ £
Trade debtors 4,731 17,284
Amounts owed by group undertakings and undertakings in which the company has a participating interest 565,052 457,827
Other debtors - 9,000
569,783 484,111
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals - 2,800
Trade creditors 47,739 50,171
Taxation and social security costs 51,841 32,912
Other creditors 61,845 71,785
571,592 157,668
6 Creditors: amounts falling due after one year 2024 2023
£ £
Deferred Taxation 25,500 25,500
7 Other information
LITTLE OWLS NURSERY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Century House Well Lane
Danbury, Chelmsford
CM3 4AB
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