2023-12-31-accounts

Registered number: 04081149

UNION GROVE COMMUNITY NURSERY DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS . FOR THE YEAR ENDED 31 DECEMBER 2023

DP Associates (Accountancy) Limited Unit B Long Barn Ashwell Park Ilminster Somerset TA19 9DX

Union Grove Community Nursery Directors’ Report and Unaudited Financial Statements For The Year Ended 31 December 2023

Contents

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Detailed Income and Expenditure Account

8

Union Grove Community Nursery Company Information For The Year Ended 31 December 2023

Directors	MsPennyRose-Casemore
	MrDavid Popely
Company Number	04081149
Registered Office	110 Union Road
	First Floor
	London
	SW828H
Business	110UnionRoad
	First Floor
	London
	SW8 2SH
Accountants	DPAssociates (Accountancy)Limited
	Unit B Long Barn
	Ashwell Park
	Ilminster
	Somerset
	TA199DX

Page 1

Union Grove Community Nursery Company No. 04081149 Directors' Report For The Year Ended 31 December 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors

The directors who held office during the year were as follows:

Ms Penny Rose-Casemore

Mr David Popely

Statement of Directors’ Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial! statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:

• ¢ select suitable accounting policies and then apply them consistently;

• make judgments and accounting estimates that are reasonable and prudent,

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 ofthe Companies Act 2006.

On behalf of the board

Ms Penny Rose-Casemore

Director

25/01/2024

Page 2

Union Grove Community Nursery Accountants’ Report For The Year Ended 31 December 2023

In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for epproval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 December 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Signed

25/01/2024

DP Associates (Accountancy) Limited Unit B Long Bam Ashwell Park Ilminster Somerset TA19 9DX

Page 3

Union Grove Community Nursery Income and Expenditure Account For The Year Ended 31 December 2023

		2023		2022
	Notes	£		£
TURNOVER		450,159		394,994
Costofsales		(329,726)		(291,029)
GROSSSURPLUS		120,433		103,965
Administrativeexpenses		(105,433)		(78,003)
OPERATINGSURPLUSANDSURPLUSFORTHEFINANCIAL R		15,000		25,962
		————————————S———_—	—————	oe

The notes on pages 6 to 7 form part of these financial statements.

Page 4

Union Grove Community Nursery Balance Sheet As At 31 December 2023

en

			2023		2022
	Notes	é	£	£	£
FIXEDASSETS
Intangible Assets	4		3,181		9,537
			3,181		9,537
CURRENT ASSETS
Debtors	5		1,745		2,155
Cash atbankand in hand		357,569		327,751
		359,314		329,506
Creditors: Amounts FallingDueWithinOne Year	6	(25,342)		(17,290)
NETCURRENTASSETS(LIABILITIES)			333,972		312,616
TOTALASSETSLESSCURRENTLIABILITIES			337,153		322,153
NETASSETS			337,153		322,153
			EEE		__————————————
Incomeand Expenditure Account			337,153		322,153
MEMBERS’ FUNDS			337,153		322,153
			OOOoO_——————		———————

For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006,

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts,

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

On behalf of the board

Ms Penny Rose-Casemore Director

25/01/2024

The notes on pages 6 to 7 form part of these financial statements.

Page 5

Union Grove Community Nursery Notes to the Financial Statements For The Year Ended 31 December 2023

1. General laformation Union Grove Community Nursery is a private company, limited by guarantee, incorporated in England & Wales, registered number 04081149. The registered office is 110 Union Road, First Floor, London, SW8 2SH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale ofgoods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome ofa contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income and expenditure account over its estimated economic life of .... years.

1. Average Number of Employees

Average number ofemployees, including directors, during the year was: 15 (2022: 15)

1. Intangible Assets

Goodwill

			£
Cost
As	at I January 2023		63,563
Asat	at 31 December2023		63,563
			———
Amortisation
Asat	at 1 January2023		54,026
Provided during theperiod			6,356
As	at31 December2023		60,382
			SSS
Net Book Valiae
As	at31 December2023		3,181
			———
As	at I January 2023		9,537
5.	Debtors
		2023	2022
		£	£
Due within one year
Tradedebtors		1,745	2,155
		1,745	2,155

Page 6

Union Grove Community Nursery Notes to the Financia! Statements (continued) For The Year Ended 31 December 2023

a

6. Creditors: Amounts Falling Due Within One Year

6. Creditors: AmountsAmounts Falling Due WithinDue WithinWithin One YearYear
	2023	2022
	£	£
Tradecreditors	14,545	17,290
Othertaxesand social security	10,797	-
	25,342	17,290
	SSS	——————

7. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event ofa winding up, such an amount as may be required not exceeding £1.

Page 7

Union Grove Community Nursery Detailed Income and Expenditure Account For The Year Ended 31 December 2023

		2023		2022
	£	£	£	£
TURNOVER
Fee income		312,957		219,016
Grantincome		135,262		175,758
Othertrading income		1,940		220
		450,159		394,994
COSTOFSALES
Classroom supplies(Costofsales)		19,825		14,089
Agency staff(Costofsales)		.		819
Wagesand salaries	308,413		272,810
Computersoftware, ITconsumables and maintenance		1,488		3,101
Otherdirect costs		-		210
		(329,726)		(291,029)
GROSSSURPLUS		120,433		103,965
Administrative Expenses
Stafftraining		3,108		1,124
Staffwelfare		603		364
Protective clothing		-		36
Staffentertaining		670		-
Travelandsubsistenceexpenses		44		-
Rentand rates		6,036		6,313
Service charges		52,799		34,276
Lightandheat		14,545		9,884
Repairsand maintenance		4311		4,028
Cleaning		278		-
Otherpremises costs		1,893		252
Hireand feasingofcomputerandotherequipment		3,600		4,309
Printing, postage and stationery		-		189
Telecommunicationsanddatacosts		2,443		2,135
Website costs		687		925
Legal fees		61		390
Professional fees		5,635		5,400
Subscriptions		2,210		1,521
Bankcharges		146		147
Baddebtswritten off		-		354
Amortisation		6,356		6,356
Sundry expenses		8		-
		(105,433)		(78,003)
OPERATINGSURPLUSANDSURPLUSFORTHEFINANCIAL		15,000 [=		25,962 ———

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