REGISTERED NUMBER: 06587227 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Little Steps (Higham Ferrers) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W K Woolston

Mrs H G Woolston

Mrs K Bounds

REGISTERED OFFICE:

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

REGISTERED NUMBER:

06587227 (England and Wales)

ACCOUNTANTS:

Willsons

Chartered Accountants

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

FIXED ASSETS

Tangible assets

4

165,604

154,217

CURRENT ASSETS

Stocks

2,217

1,181

Debtors

5

20,646

14,251

Cash at bank

130,014

115,383

152,877

130,815

CREDITORS

Amounts falling due within one year

6

135,952

89,731

NET CURRENT ASSETS

16,925

41,084

TOTAL ASSETS LESS CURRENT LIABILITIES

182,529

195,301

PROVISIONS FOR LIABILITIES

8,462

3,727

NET ASSETS

174,067

191,574

CAPITAL AND RESERVES

Called up share capital

8

1,150

1,150

Retained earnings

172,917

190,424

SHAREHOLDERS' FUNDS

174,067

191,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 May 2026 and were signed on its behalf by:

W K Woolston - Director

1.	STATUTORY INFORMATION

Little Steps (Higham Ferrers) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the provision of a day nursery for children for the period covered by the financial statements. On that basis, advance payments received at the balance sheet date are included within trade creditors.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Straight line over 25 years

Improvements to property

-

Straight line over the life of the lease

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2024 - 38 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Computer

property

property

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 September 2024

294,546

149,039

39,941

18,160

501,686

Additions

14,962

-

4,356

-

19,318

At 31 August 2025

309,508

149,039

44,297

18,160

521,004

DEPRECIATION

At 1 September 2024

163,075

127,912

38,323

18,159

347,469

Charge for year

2,807

4,356

768

-

7,931

At 31 August 2025

165,882

132,268

39,091

18,159

355,400

NET BOOK VALUE

At 31 August 2025

143,626

16,771

5,206

1

165,604

At 31 August 2024

131,471

21,127

1,618

1

154,217

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Other debtors

4,250

4,250

Directors' current accounts

11,194

5,436

Prepayments

5,202

4,565

20,646

14,251

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

75,321

53,244

Corporation Tax

29,470

24,573

Social security and other taxes

18,967

5,095

Other creditors

6,991

3,453

Directors' current accounts

1,778

216

Accrued expenses

3,425

3,150

135,952

89,731

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.8.25

31.8.24

£

£

Within one year

24,264

24,400

Between one and five years

92,506

97,600

In more than five years

185,012

219,600

301,782

341,600

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

1,000

Ordinary A

£1

1,000

1,000

150

Ordinary B

£1

150

150

1,150

1,150

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2025 and 31 August 2024:

31.8.25

31.8.24

£

£

W K Woolston and Mrs H G Woolston

Balance outstanding at start of year

5,436

3,551

Amounts advanced

11,194

5,436

Amounts repaid

(5,436

)

(3,551

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

11,194

5,436