Falconwood Preschool Limited

FINANCIAL STATEMENTS

for the year ended 31st December 2024

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Falconwood Preschool Limited

Company No. 09359226

STATEMENT OF FINANCIAL POSITION

as at 31st December 2024

| 2024 |  | 2023
| Note | £ |  | £ |  | £
FIXED ASSETS
Property, plant and equipment | 4 |  |  | 8656 |  | 9892
|  |  |  | 8656 |  | 9892
CURRENT ASSETS
Debtors | 5 | 68232 |  |  |  | 50914
Cash at bank and in hand |  | 14133 |  |  |  | 5966
|  | 82365 |  |  |  | 56880
CURRENT LIABILITIES
Creditors: amounts falling due
within one year | 6 | 90883 |  |  |  | 66246
NET CURRENT LIABILITIES |  |  |  | (8518) |  | (9366)
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  | 138 |  | 526
Creditors: amounts falling due
after more than one year |  |  |  | - |  | -
NET ASSETS |  |  |  | 138 |  | 526
CAPITAL AND RESERVES
Called up share capital |  |  |  | 100 |  | 100
Retained earnings |  |  |  | 38 |  | 426
SHAREHOLDERS FUNDS |  |  |  | 138 |  | 526

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st December 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and 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.

Approved by the Board on 11 March 2026

D J Martins

Director

Company Number 09359226 (England)

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Falconwood Preschool Limited

NOTES TO THE ACCOUNTS

for the year ended 31st December 2024

1 Statutory information

Falconwood Preschool Limited is a private company limited by shares and registered under company number 09359226 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent, DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2 Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, 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:

Plant, machinery and vehicles | 15%-25% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Pensions

The Company operates a defined contribution pension scheme. Contributions are charged to the Income Statement as they become payable in accordance with the rules of the scheme.

3 Employee information

The average number of employees during the accounting period was 13 (2023 - 6).

4 Property, plant and equipment
|  |  |  |  | Plant |  | Fixtures |  |
|  |  |  |  | and |  | and |  |
|  |  |  |  | Machinery |  | Fittings |  | Total
|  |  |  |  | £ |  | £ |  | £
Cost
At 1st January 2024 |  |  |  |  | 11560 |  | 7514 |  | 19074
Additions |  |  |  |  | - |  | 1149 |  | 1149
At 31st December 2024 |  |  |  |  | 11560 |  | 8663 |  | 20223
Depreciation
At 1st January 2024 |  |  |  |  | 7802 |  | 1380 |  | 9182
Charge for year |  |  |  |  | 564 |  | 1821 |  | 2385
At 31st December 2024 |  |  |  |  | 8366 |  | 3201 |  | 11567
Net Book Value
At 31st December 2024 |  |  |  |  | 3194 |  | 5462 |  | 8656
At 31st December 2023 |  |  |  |  | 3758 |  | 6134 |  | 9892

5 Debtors | 2024 |  | 2023
| £ |  | £
Other debtors | 68232 |  | 50914
| 68232 |  | 50914

6 Creditors: amounts falling due within one year | 2024 |  | 2023
| £ |  | £
Loans and Overdrafts | 13985 |  | 15581
Corporation tax | 63513 |  | 42065
Taxes and social security costs | 6259 |  | 572
Other creditors | 4000 |  | 4000
Accruals and deferred income | 3126 |  | 4028
| 90883 |  | 66246

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