General Information
Butterflies Pre-School Limited is a private company, limited by shares, registered in England and Wales, registration number 06490358, registration address Oberon House Ferries Street , Hedon Road, Hull , East Yorkshire, HU9 1RL.
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.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
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:
| Motor Vehicles |
25% Reducing Balance
|
| Fixtures and Fittings |
15% Straight Line
|
| Computer Equipment |
33% Straight Line
|
|
| 2. |
Average number of employees Average number of employees during the period was 16 (2025 : 15). |
| 3. |
Tangible fixed assets
| Cost or valuation |
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 February 2025 |
7,401 |
|
70,847 |
|
6,094 |
|
84,342 |
| Additions |
52,263 |
|
- |
|
- |
|
52,263 |
| Disposals |
(7,401) |
|
- |
|
- |
|
(7,401) |
| At 31 January 2026 |
52,263 |
|
70,847 |
|
6,094 |
|
129,204 |
| Depreciation |
| At 01 February 2025 |
7,345 |
|
63,970 |
|
5,205 |
|
76,520 |
| Charge for year |
3,266 |
|
1,718 |
|
864 |
|
5,848 |
| On disposals |
(7,345) |
|
- |
|
- |
|
(7,345) |
| At 31 January 2026 |
3,266 |
|
65,688 |
|
6,069 |
|
75,023 |
| Net book values |
| Closing balance as at 31 January 2026 |
48,997 |
|
5,159 |
|
25 |
|
54,181 |
| Opening balance as at 01 February 2025 |
58 |
|
6,877 |
|
889 |
|
7,824 |
|
| 4. |
Debtors: amounts falling due within one year
|
2026
£ |
|
2025
£ |
| Trade Debtors |
0 |
|
11,000 |
| Prepayments & Accrued Income |
2,302 |
|
2,302 |
| Other Debtors |
6,470 |
|
1,470 |
|
8,772 |
|
14,772 |
|
| 5. |
Creditors: amount falling due within one year
|
2026
£ |
|
2025
£ |
| Trade Creditors |
0 |
|
291 |
| Corporation Tax |
37,967 |
|
25,163 |
| PAYE & Social Security |
3,955 |
|
4,437 |
| Accrued Expenses |
3,564 |
|
3,564 |
| Other Creditors |
25,832 |
|
20,879 |
| Obligations under HP/Financial Leases |
6,000 |
|
0 |
| Directors' Current Accounts |
164 |
|
541 |
|
77,482 |
|
54,875 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2026
£ |
|
2025
£ |
| Obligations Under HP/Financial Leases |
16,500 |
|
0 |
|
16,500 |
|
0 |
|
| 7. |
Provisions for liabilities
|
2026
£ |
|
2025
£ |
| Deferred Tax |
1,955 |
|
1,955 |
| Charged to Profit & Loss |
1,315 |
|
0 |
|
3,270 |
|
1,955 |
|
2
|