Company registration number 12798150 (England and Wales)
LITTLE BEARS FOREST PRESCHOOL SOUTHSEA LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
LITTLE BEARS FOREST PRESCHOOL SOUTHSEA LTD
COMPANY INFORMATION
Director
Mrs Heather Smith
Company number
12798150
Registered office
Murrills House
48 East Street
Portchester
Fareham
Hampshire
England
PO16 9XS
Accountants
BK Plus Limited
Murrills House
48 East Street
Fareham
Hampshire
PO16 9XS
LITTLE BEARS FOREST PRESCHOOL SOUTHSEA LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
LITTLE BEARS FOREST PRESCHOOL SOUTHSEA LTD
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
-
0
198
Current assets
Debtors
5
1,633
1,596
Cash at bank and in hand
11,720
6,249
13,353
7,845
Creditors: amounts falling due within one year
6
(18,587)
(17,352)
Net current liabilities
(5,234)
(9,507)
Net liabilities
(5,234)
(9,309)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(5,334)
(9,409)
Total equity
(5,234)
(9,309)

For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 27 May 2025
Mrs Heather Smith
Director
Company registration number 12798150 (England and Wales)
LITTLE BEARS FOREST PRESCHOOL SOUTHSEA LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information

Little Bears Forest Preschool Southsea Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Murrills House, 48 East Street, Portchester, Fareham, Hampshire, England, PO16 9XS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The accounts have been prepared on a going concern basis, on the understanding that the director will continue to financially support the company. She has undertaken to do this for at least twelve months from the date of signing the accounts.

1.3
Turnover

Turnover is represented by fees receivable.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

LITTLE BEARS FOREST PRESCHOOL SOUTHSEA LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
10
10
LITTLE BEARS FOREST PRESCHOOL SOUTHSEA LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
4
Tangible fixed assets
Computers
£
Cost
At 1 September 2023 and 31 August 2024
596
Depreciation and impairment
At 1 September 2023
398
Depreciation charged in the year
198
At 31 August 2024
596
Carrying amount
At 31 August 2024
-
0
At 31 August 2023
198
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,342
1,305
Corporation tax recoverable
291
291
1,633
1,596
6
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
7,803
10,925
Other taxation and social security
4,370
3,199
Other creditors
6,414
3,228
18,587
17,352
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