| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31st August 2024 |
| for |
| LETS EXPLORE DAY NURSERIES LIMITED |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31st August 2024 |
| for |
| LETS EXPLORE DAY NURSERIES LIMITED |
| LETS EXPLORE DAY NURSERIES LIMITED (REGISTERED NUMBER: 11542978) |
| Contents of the Financial Statements |
| for the year ended 31st August 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Accountants' Report | 7 |
| LETS EXPLORE DAY NURSERIES LIMITED |
| Company Information |
| for the year ended 31st August 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Office: Croydon - TC SWP |
| 3rd Floor, Suffolk House |
| George Street |
| Croydon |
| CR0 0YN |
| LETS EXPLORE DAY NURSERIES LIMITED (REGISTERED NUMBER: 11542978) |
| Statement of Financial Position |
| 31st August 2024 |
| 31.8.24 | 31.8.23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| LETS EXPLORE DAY NURSERIES LIMITED (REGISTERED NUMBER: 11542978) |
| Statement of Financial Position - continued |
| 31st August 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| LETS EXPLORE DAY NURSERIES LIMITED (REGISTERED NUMBER: 11542978) |
| Notes to the Financial Statements |
| for the year ended 31st August 2024 |
| 1. | STATUTORY INFORMATION |
| Lets Explore Day Nurseries Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover from a contract to provide services is recognised in the period in which the services are provided when all of the following conditions are satisfied: |
| - | the amount of turnover can be measure reliably |
| - | it is probable that the company will receive the consideration due under the contract; and |
| - | the stage of completion of the service at the end of the reporting period can be measured reliably. |
| Tangible fixed assets |
| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. |
| At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. |
| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis: |
| Fixtures and fittings | - 20% straight line |
| Leasehold Improvements | - 10% straight line |
| Computer equipment | - 25% straight line |
| Plant and equipment | - 25% straight line |
| Gains and losses on disposals are determined by comparing the proceeds with the carrying amounts and are recognised in the Statement of Comprehensive Income. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
| LETS EXPLORE DAY NURSERIES LIMITED (REGISTERED NUMBER: 11542978) |
| Notes to the Financial Statements - continued |
| for the year ended 31st August 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Debtors |
| Short term debtors are measured at transaction price, less any impairment. |
| Creditors |
| Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
| Cash and cash equivalents |
| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Plant and | and | Computer |
| property | machinery | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1st September 2023 |
| Additions |
| At 31st August 2024 |
| DEPRECIATION |
| At 1st September 2023 |
| Charge for year |
| At 31st August 2024 |
| NET BOOK VALUE |
| At 31st August 2024 |
| At 31st August 2023 |
| LETS EXPLORE DAY NURSERIES LIMITED (REGISTERED NUMBER: 11542978) |
| Notes to the Financial Statements - continued |
| for the year ended 31st August 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Other debtors |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Social security and other taxes |
| Other creditors |
| Accruals and deferred income |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| There are no amounts outstanding at the year end. |
| 8. | RELATED PARTY DISCLOSURES |
| Included within other creditors is an amount owed to a shareholder of £444,400 (2023 - £494,400). This amount is interest free and repayable on demand. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The ultimate parent company is Lets Explore Holdings Limited, a company registered in England and Wales. |
| Due to the size of the group the parent company is exempt from preparing group accounts. |
| Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Lets Explore Day Nurseries Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31st August 2024. |
| We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements. |
| On the balance sheet, you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view". |
| You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited. |
| The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance. |
| Office: Croydon - TC SWP |
| 3rd Floor, Suffolk House |
| George Street |
| Croydon |
| CR0 0YN |