Company Registration No. 02596005 (England and Wales)
Little People (Stanningley) Limited
Unaudited
Financial Statements
for the year ended 30 April 2021
PAGES FOR FILING WITH REGISTRAR
Little People (Stanningley) Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
Little People (Stanningley) Limited
Statement of financial position
as at 30 April 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
3
918
1,080
Current assets
Debtors
4
5,126
5,047
Cash at bank and in hand
73,858
67,667
78,984
72,714
Creditors: amounts falling due within one year
5
(46,554)
(43,425)
Net current assets
32,430
29,289
Total assets less current liabilities
33,348
30,369
Capital and reserves
Called up share capital
6
408
408
Profit and loss reserves
32,940
29,961
Total equity
33,348
30,369
The directors of the company have elected not to include a copy of the income statement within the financial statements.
true
For the financial year ended 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 10 August 2021 and are signed on its behalf by:
G Hallas
M Hallas
Director
Director
Company Registration No. 02596005
Little People (Stanningley) Limited
Notes to the financial statements
for the year ended 30 April 2021
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the total invoice value of sales made during the year.
Turnover is recognised on the provision of childcare services.
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost
less
depreciation
.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements
5 years straight line
Fixtures, fittings & equipment
15% reducing balance
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the
income statement
because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
16
17
Little People (Stanningley) Limited
Notes to the financial statements (continued)
for the year ended 30 April 2021
- 3 -
3
Tangible fixed assets
Leasehold improvements
Fixtures, fittings & equipment
Total
£
£
£
Cost
At 1 May 2020 and 30 April 2021
65,255
43,815
109,070
Depreciation and impairment
At 1 May 2020
65,255
42,735
107,990
Depreciation charged in the year
162
162
At 30 April 2021
65,255
42,897
108,152
Carrying amount
At 30 April 2021
918
918
At 30 April 2020
1,080
1,080
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Trade debtors
5,126
5,047
5
Creditors: amounts falling due within one year
2021
2020
£
£
Amounts owed to group undertakings
18,952
23,096
Corporation tax
737
3,836
Other taxation and social security
1,423
1,488
Accruals and deferred income
25,442
15,005
46,554
43,425
6
Called up share capital
2021
2020
£
£
Ordinary share capital
Issued and fully paid
208 Ordinary A shares of £1 each
208
208
100 Ordinary B shares of £1 each
100
100
100 Ordinary C shares of £1 each
100
100
408
408
Little People (Stanningley) Limited
Notes to the financial statements (continued)
for the year ended 30 April 2021
- 4 -
7
Financial commitments, guarantees and contingent liabilities
The company is party to a cross guarantee arrangement with connected companies in relation to a bank loan. At the balance sheet date this loan amounted to £
324
,
517
(20
20
: £
655
,
240
).
8
Parent company
The directors consider PIP Group Ltd, a company incorporated in England and Wales, to be the company's immediate parent and ultimate holding company.
The company is under the control of the directors through their interest in the share capital of PIP Group Ltd.
9
Company information
Little People (Stanningley) Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
Mclaren Fields, Lower Town Street, Bramley, Leeds, West Yorkshire, LS13 3EN.