Little Scholars Nursery Ltd - Filleted accounts

Registered number

SC229562

Little Scholars Nursery Ltd

Filleted Accounts

31 March 2026

Little Scholars Nursery Ltd
Registered number:		SC229562
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		124,719			135,145
Property	4		285,958			12,466
			410,677			147,611

Current assets
Debtors	5	8,844			14,592
Cash at bank and in hand		364,141			674,128
		372,985			688,720

Creditors: amounts falling due within one year	6	(150,498)			(168,296)

Net current assets			222,487			520,424

Total assets less current liabilities			633,164			668,035

Creditors: amounts falling due after more than one year	7		(38,218)			(50,732)



Net assets			594,946			617,303

Capital and reserves
Called up share capital			50			50
Revaluation reserve	8		50			50
Profit and loss account			594,846			617,203

Shareholders' funds			594,946			617,303

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Lesley McCulloch
Director
Approved by the board on 27 July 2026

Little Scholars Nursery Ltd
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, 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:

	Freehold buildings			Not provided
	Leasehold land and buildings			over the lease term
	Plant and machinery			25% reducing balance
	Fixtures, fittings, tools and equipment			15% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					33		35


3	Tangible fixed assets
		Fixtures and Fittings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2025	52,500		85,009		121,590		259,099
	Additions	21,790		-		-		21,790
	At 31 March 2026	74,290		85,009		121,590		280,889

	Depreciation
	At 1 April 2025	21,549		68,165		34,240		123,954
	Charge for the year	9,049		4,212		18,955		32,216
	At 31 March 2026	30,598		72,377		53,195		156,170

	Net book value
	At 31 March 2026	43,692		12,632		68,395		124,719
	At 31 March 2025	30,951		16,844		87,350		135,145


4	New Building

Other
investments
£
	Cost
	At 1 April 2025							12,466
	Additions							273,492

	At 31 March 2026							285,958


5	Debtors					2026		2025
£							£

	Trade debtors					4,405		6,863
	Other debtors					4,439		7,729
						8,844		14,592


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Obligations under finance lease and hire purchase contracts					5,988		5,988
	Trade creditors					11,267		19,513
	Taxation and social security costs					55,642		64,457
	Other creditors					77,601		78,338
						150,498		168,296


7	Creditors: amounts falling due after one year					2026		2025
£							£

	Obligations under finance lease and hire purchase contracts					27,026		33,015
	Other creditors					11,192		17,717
						38,218		50,732


8	Revaluation reserve					2026		2025
£							£

	At 1 April 2025					50		50

	At 31 March 2026					50		50


9	Other information

	Little Scholars Nursery Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
	2 Scholars Gate
	Whitehills
	East Kilbride
	G75 9DN