Little House Childcare Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07707032 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017

FOR

LITTLE HOUSE CHILDCARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T A Storey

REGISTERED OFFICE:

1a Elm Avenue

Long Eaton

Nottingham

NG10 4LR

REGISTERED NUMBER:

07707032 (England and Wales)

ACCOUNTANTS:

Crowe Clark Whitehill LLP

4 Mount Ephraim Road

Tunbridge Wells

Kent

TN1 1EE

FIXED ASSETS

Tangible assets

4

3,091

3,868

CURRENT ASSETS

Debtors

5

42,027

65,541

Prepayments and accrued income

5,573

5,166

Cash at bank and in hand

72,141

64,077

119,741

134,784

CREDITORS

Amounts falling due within one year

6

102,722

106,229

NET CURRENT ASSETS

17,019

28,555

TOTAL ASSETS LESS CURRENT LIABILITIES

20,110

32,423

RESERVES

Retained earnings

7

20,110

32,423

SHAREHOLDERS' FUNDS

20,110

32,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 22 January 2018 and were signed by:

T A Storey - Director

1.	STATUTORY INFORMATION

Little House Childcare Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

This is the first year in which the financial statements have been prepared using FRS 102.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

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.

Going concern

Accounting standards require the directors to consider the appropriateness of the going concern basis when

preparing the financial statements. The directors consider that the going concern basis remains appropriate. The

directors believe that the company has sufficient resources to continue in operational existence for the

foreseeable future. The directors believe this to be the case as the company has positive reserves, cash

balances and no significant long term liabilities. Thus they continue to adopt the going concern basis of

accounting in preparing the annual financial statements.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

Cash and equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice

of not more then 24 hours. Cash equivalents are highly liquid investments that mature in no more than three

months from the date of acquisition and that are readily convertible to known accounts of cash with significant

risk of change in value.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third

parties, loans to related parties and investments in non-puttable ordinary shares.

FRS102 - Reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial

statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic

of Ireland":

- the requirements of Section 7 Statement of Cash Flows;

- the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);

- the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;

- the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;

- the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;

- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 August 2016

3,341

2,742

6,083

Additions

550

-

550

At 31 July 2017

3,891

2,742

6,633

DEPRECIATION

At 1 August 2016

1,195

1,020

2,215

Charge for year

778

549

1,327

At 31 July 2017

1,973

1,569

3,542

NET BOOK VALUE

At 31 July 2017

1,918

1,173

3,091

At 31 July 2016

2,146

1,722

3,868

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

2,028

1,112

Other debtors

39,999

64,429

42,027

65,541

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

10,542

10,670

Tax

21,502

25,640

Social security and other taxes

8,271

5,045

Other creditors

62,407

64,874

102,722

106,229

7.

RESERVES

Retained

earnings

£

At 1 August 2016

32,423

Profit for the year

87,687

Dividends

(100,000

)

At 31 July 2017

20,110

8.	PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately

from those of the company in an independently administered fund. The pension cost charge represents

contributions payable by the company to the fund and amounted to £45,018 (2016 - £20,000). At the balance

sheet date, £32 (2016 - £Nil) was payable to the fund.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2017 and

31 July 2016:

2017

2016

£

£

L M G Digby-Bell

Balance outstanding at start of year

24,429

-

Amounts advanced

2,690

24,429

Amounts repaid

(27,119

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

24,429

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £100,000 (2016 - £95,000) were paid to the directors .

At the balance sheet date the company was owed £40,000 (2016 - £40,000) by The House Nurseries (Holding)

Limited, a company under common control. The company also owed £5,612 (2016 - £2,309) to Northcote

House Nurseries Limited, a company under common control.

At the year end date, Mrs L M G Digby-Bell owed the company £Nil (2016 - £24,429) and Mrs A Wakeham was

owed £7,474 (2016 - £9,295) on their respective directors' loan accounts. The amounts outstanding are

repayable on demand and attract no interest.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is L M G Digby-Bell.

12.	FIRST YEAR ADOPTION

The policies applied under the entity's previous accounting framework are not materially different to FRS 102

and have not impacted on equity or profit or loss.