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Registered number: 11573364
Little Lodge Day Nurseries Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Portfolio Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11573364
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 108,958 130,728
Tangible Assets 5 107,334 139,478
216,292 270,206
CURRENT ASSETS
Debtors 6 416,193 242,405
Cash at bank and in hand 27,895 11,096
444,088 253,501
Creditors: Amounts Falling Due Within One Year 7 (189,838 ) (114,418 )
NET CURRENT ASSETS (LIABILITIES) 254,250 139,083
TOTAL ASSETS LESS CURRENT LIABILITIES 470,542 409,289
Creditors: Amounts Falling Due After More Than One Year 8 (351,411 ) (361,411 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (20,393 ) (26,190 )
NET ASSETS 98,738 21,688
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 98,638 21,588
SHAREHOLDERS' FUNDS 98,738 21,688
Page 1
Page 2
For the year ending 31 August 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Vivek Shah
Director
1st May 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Little Lodge Day Nurseries Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11573364 . The registered office is 491 Stratford Road, Sparkhill, Birmingham, B11 4LE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% straight line
Plant & Machinery 25% straight line
Computer Equipment 25% straight line
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 49 (2023: 45)
49 45
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 217,700
As at 31 August 2024 217,700
Amortisation
As at 1 September 2023 86,972
Provided during the period 21,770
As at 31 August 2024 108,742
Net Book Value
As at 31 August 2024 108,958
As at 1 September 2023 130,728
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 78,432 124,243 16,377 219,052
Additions - 9,301 368 9,669
As at 31 August 2024 78,432 133,544 16,745 228,721
Depreciation
As at 1 September 2023 17,939 53,760 7,875 79,574
Provided during the period 7,843 30,488 3,482 41,813
As at 31 August 2024 25,782 84,248 11,357 121,387
Net Book Value
As at 31 August 2024 52,650 49,296 5,388 107,334
As at 1 September 2023 60,493 70,483 8,502 139,478
6. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 45,479 42,202
Amounts owed by group undertakings 370,078 199,675
Other debtors 636 528
416,193 242,405
7. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Bank loans and overdrafts 10,000 10,000
Amounts owed to group undertakings 70,000 -
Other creditors 94,947 85,264
Taxation and social security 14,891 19,154
189,838 114,418
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Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Bank loans 7,500 17,500
Other creditors 343,911 343,911
351,411 361,411
9. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 100 100
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