Little Dots Daycare Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07851042 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Little Dots Daycare Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S J Clarke

Mrs L Morris

Ms C Way

SECRETARY:

Mrs L Morris

REGISTERED OFFICE:

c/o Jonathan Ford & Co

Maxwell House

Liverpool Innovation Park

Liverpool

Merseyside

L7 9NJ

REGISTERED NUMBER:

07851042 (England and Wales)

ACCOUNTANTS:

Jonathan Ford & Co Limited

Chartered Accountants

Maxwell House

Liverpool Innovation Park

Liverpool

Merseyside

L7 9NJ

FIXED ASSETS

Intangible assets

4

9,078

9,491

Tangible assets

5

57,311

43,589

66,389

53,080

CURRENT ASSETS

Debtors

6

247,458

73,650

CREDITORS

Amounts falling due within one year

7

129,677

89,295

NET CURRENT ASSETS/(LIABILITIES)

117,781

(15,645

)

TOTAL ASSETS LESS CURRENT LIABILITIES

184,170

37,435

CREDITORS

Amounts falling due after more than one year

8

(13,886

)

(18,690

)

PROVISIONS FOR LIABILITIES

(6,642

)

(7,443

)

NET ASSETS

163,642

11,302

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

59,994

59,994

Retained earnings

103,548

(48,792

)

163,642

11,302

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 21 December 2021 and were signed on its behalf by:

Mrs L Morris - Director

1.	STATUTORY INFORMATION

Little Dots Daycare 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 and revenue recognition

Turnover represents net invoiced sales of VAT-exempt daycare services. Revenue is recognised as the associated daycare services are provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2020 - 42 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2020

and 31 March 2021

10,316

AMORTISATION

At 1 April 2020

825

Charge for year

413

At 31 March 2021

1,238

NET BOOK VALUE

At 31 March 2021

9,078

At 31 March 2020

9,491

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2020

3,200

-

61,661

4,000

68,861

Additions

-

16,663

2,330

13,194

32,187

At 31 March 2021

3,200

16,663

63,991

17,194

101,048

DEPRECIATION

At 1 April 2020

-

-

23,170

2,102

25,272

Charge for year

320

4,166

10,206

3,773

18,465

At 31 March 2021

320

4,166

33,376

5,875

43,737

NET BOOK VALUE

At 31 March 2021

2,880

12,497

30,615

11,319

57,311

At 31 March 2020

3,200

-

38,491

1,898

43,589

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

as restated

£

£

Other debtors

247,458

73,650

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

as restated

£

£

Bank loans and overdrafts

3,850

4,863

Taxation and social security

106,552

65,645

Other creditors

19,275

18,787

129,677

89,295

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

as restated

£

£

Other creditors

13,886

18,690

9.	OTHER FINANCIAL COMMITMENTS

Lease agreements

The company is committed to pay £1,364,000 in total for lease agreements.

Operating lease payments due within twelve months after the balance sheet date amount to £77,600.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2021 and 31 March 2020:

31.3.21

31.3.20

as restated

£

£

Mrs L Morris

Balance outstanding at start of year

36,831

(7,038

)

Amounts advanced

72,680

43,869

Amounts repaid

(38,760

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

70,751

36,831

Ms C Way

Balance outstanding at start of year

10,319

6,487

Amounts advanced

77,135

3,832

Amounts repaid

(7,156

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

80,298

10,319