| Little Heroes Day Nursery Limited |
| Registered number: |
08704527 |
| Balance Sheet |
| as at 31 August 2019 |
|
| Notes |
|
|
2019 |
|
|
2018 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
- |
|
|
10,000 |
| Tangible assets |
4 |
|
|
3,170 |
|
|
3,962 |
|
|
|
|
3,170 |
|
|
13,962 |
|
| Current assets |
| Debtors |
5 |
|
1,146 |
|
|
3,888 |
| Cash at bank and in hand |
|
|
1,751 |
|
|
10,380 |
|
|
|
2,897 |
|
|
14,268 |
|
| Creditors: amounts falling due within one year |
6 |
|
(5,714) |
|
|
(11,924) |
|
| Net current (liabilities)/assets |
|
|
|
(2,817) |
|
|
2,344 |
|
| Total assets less current liabilities |
|
|
|
353 |
|
|
16,306 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
- |
|
|
(8,501) |
|
| Provisions for liabilities |
|
|
|
(602) |
|
|
(2,539) |
|
|
| Net (liabilities)/assets |
|
|
|
(249) |
|
|
5,266 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(349) |
|
|
5,166 |
|
| Shareholders' funds |
|
|
|
(249) |
|
|
5,266 |
|
|
|
|
|
|
|
|
| The director is 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 director acknowledges her 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. |
|
| Lucy Suzanne Foley |
| Director |
| Approved by the board on 12 August 2020 |
|
| Little Heroes Day Nursery Limited |
| Notes to the Accounts |
| for the year ended 31 August 2019 |
|
|
| 1 |
Accounting policies |
|
|
Statement of compliance |
|
The accounts have been prepared in accordance with FRS 102, Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. |
|
|
Revenue Recognition |
|
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets held for the companys own use are stated at cost less accumulated depreciation and accumulated impairment losses. |
|
|
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on a reducing balance basis at the rate of 20% per annum. |
|
|
Assets held under finance leases are depreciated in the same way as owned assets. |
|
|
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. |
|
|
Taxation |
|
Taxation represents the sum of tax currently payable and deferred tax. |
|
|
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. |
|
|
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be avaliable to allow all or part of the asset to be recovered. |
|
|
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on the tax rates (and tax laws) that have been enacted by the end of the reporting period. |
|
| 1 |
Accounting policies (continued) |
|
|
Leased assets |
|
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 the profit and loss account on a straight line basis. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2019 |
|
2018 |
| Number |
Number |
|
|
Average number of persons employed by the company |
11 |
|
11 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 September 2018 |
50,000 |
|
Disposals |
(50,000) |
|
At 31 August 2019 |
- |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 September 2018 |
40,000 |
|
Provided during the year |
10,000 |
|
On disposals |
(50,000) |
|
At 31 August 2019 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2019 |
- |
|
At 31 August 2018 |
10,000 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 September 2018 |
7,610 |
|
At 31 August 2019 |
7,610 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2018 |
3,648 |
|
Charge for the year |
792 |
|
At 31 August 2019 |
4,440 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2019 |
3,170 |
|
At 31 August 2018 |
3,962 |
|
|
| 5 |
Debtors |
2019 |
|
2018 |
| £ |
£ |
|
|
Other debtors |
1,146 |
|
3,888 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Taxation and social security costs |
- |
|
1,875 |
|
Other creditors |
5,714 |
|
10,049 |
|
|
|
|
|
|
5,714 |
|
11,924 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Other creditors |
- |
|
8,501 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Little Heroes Day Nursery Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
First Floor |
|
5 High Street |
|
Westbury-on-Trym |
|
Bristol |
|
BS9 3BY |
