Little Me Skyline Plaza Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07562132 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Little Me Skyline Plaza Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mandeep Khaira

REGISTERED OFFICE:

Little Me Day Nursery

The Coach House

Turners Drive

Thatcham

RG19 4QB

REGISTERED NUMBER:

07562132 (England and Wales)

ACCOUNTANTS:

Justa Limited

Justa House

204-208 Holbrook Lane

Coventry

CV6 4DD

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

64,321

82,467

64,322

82,468

CURRENT ASSETS

Debtors

6

299,092

214,339

Cash at bank and in hand

469,662

289,633

768,754

503,972

CREDITORS

Amounts falling due within one year

7

(567,206

)

(311,789

)

NET CURRENT ASSETS

201,548

192,183

TOTAL ASSETS LESS CURRENT LIABILITIES

265,870

274,651

CREDITORS

Amounts falling due after more than one year

8

-

(14,227

)

NET ASSETS

265,870

260,424

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

265,869

260,423

SHAREHOLDERS' FUNDS

265,870

260,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 December 2023 and were signed by:

Mandeep Khaira - Director

1.	STATUTORY INFORMATION

Little Me Skyline Plaza 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.

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

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

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less residual values over the useful life on the following basis:

Fixtures and fittings 25% WDV

Computer equipment 25% WDV

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

CASH AND CASH EQUIVALENTS

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements ,when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

BASIC FINANCIAL ASSETS

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

CLASSIFICATION OF FINANCIAL LIABILITIES

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

BASIC FINANCIAL LIABILITIES

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

EQUITY INSTRUMENTS

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 April 2022

and 31 March 2023

854

AMORTISATION

At 1 April 2022

and 31 March 2023

853

NET BOOK VALUE

At 31 March 2023

1

At 31 March 2022

1

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2022

160,537

24,862

170,045

6,198

361,642

Additions

-

1,866

5,125

-

6,991

At 31 March 2023

160,537

26,728

175,170

6,198

368,633

DEPRECIATION

At 1 April 2022

114,786

9,412

149,959

5,018

279,175

Charge for year

16,053

2,486

6,303

295

25,137

At 31 March 2023

130,839

11,898

156,262

5,313

304,312

NET BOOK VALUE

At 31 March 2023

29,698

14,830

18,908

885

64,321

At 31 March 2022

45,751

15,450

20,086

1,180

82,467

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

281,093

370,015

Other debtors

17,999

(155,676

)

299,092

214,339

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

2,611

1,059

Taxation and social security

18,801

8,002

Other creditors

545,794

302,728

567,206

311,789

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

-

14,227

Amounts falling due in more than five years:

Repayable by instalments

Deferred Tax

-

14,227

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

1

Ordinary Shares

1

1

1