General Information
The Little Lane Nursery (Easton on the Hill) Limited is a private company, limited by shares, registered in England and Wales, registration number 11053401, registration address 4 Silver Lane, Stamford, PE9 2BT.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
35 Years Straight Line
|
| Motor Vehicles |
25% Reducing Balance
|
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
|
| 2. |
Average number of employees
Average number of employees during the year was 22 (2024 : 23).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 December 2024 |
35,041 |
|
127,350 |
|
162,391 |
| Additions |
21,125 |
|
- |
|
21,125 |
| Disposals |
- |
|
(67,360) |
|
(67,360) |
| At 30 November 2025 |
56,166 |
|
59,990 |
|
116,156 |
| Depreciation |
| At 01 December 2024 |
3,588 |
|
51,441 |
|
55,029 |
| Charge for year |
1,634 |
|
11,873 |
|
13,507 |
| On disposals |
- |
|
(38,943) |
|
(38,943) |
| At 30 November 2025 |
5,222 |
|
24,371 |
|
29,593 |
| Net book values |
| Closing balance as at 30 November 2025 |
50,944 |
|
35,619 |
|
86,563 |
| Opening balance as at 01 December 2024 |
31,453 |
|
75,909 |
|
107,362 |
|
| 4. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
100
Class A shares of £1.00 each |
100 |
|
100 |
|
100 |
|
100 |
|
2
|