2020-12-31-accounts - Ladybird Pre-School Limited

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Registered number 04531247

Charity Registered number 1098690

Ladybird Pre-School Limited Company Limited By Guarantee

Report and Unaudited Accounts

31 December 2020

Ridgefield Consulting

Ww ICAEW BL KeeSUNTANTS

Ladybird Pre-School Limited Report and accounts Contents

	Page
Company information	i
Directors’ report	2
Independent Examiner report	3.
Income and expenditure account	4
Balance sheet	5
Notes to the accounts	6-7
Detailedincomeandexpenditureaccount	8

Ladybird Pre-School Limited Registered number: 04531247 Directors’ Report

The directors present their report and accounts for the year ended 31 December 2020.

Principal activities

The company's principal activity during the year continued to be enhancing the development and education of children under statutory school age.

Directors

The following persons served as directors during the year:

Mr Peter John Harrison

Mr Alan Woodley Mrs Maria Ellen Matthews

Small company provisions

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the directors on ...................... (date) and signed on their behalf.

Mr A Woodley Wy Director

Ladybird Pre-School Limited Company Information

Directors

Mr Peter John Harrison Mr Alan Woodley Mrs Maria Ellen Matthews

Secretary Ms Jayne Louisa Vaisey

Accountants Ridgefield Consulting Ltd 2 Hinksey Court Church Way Oxford Oxfordshire OX2 9SX

Bankers National Westminster Plc 124 The Broadway Didcot Oxon OX11 8AD

Registered office Manor School Grounds Lydalls Close Didcot Oxfordshire OX11 7LB

Registered number 04531247

Charity registered number 1098690

Ladybird Pre-School Limited Accountants’ Report

Independent Examiner's report to the trustees of Ladybird Pre-School Limited

| report on the accounts of the company for the year ended 31 December 2019, which are set out on pages 4 to 8.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.The charity's gross income exceeded £250,000 and | am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under section 145 of the 2011 Act
follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
state whether particular matters have come to my attention

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view' and the report is limited to those matters set out in the next statement.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

*to keep accounting records in accordance with section 386 of the Companies Act 2006 and

*to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities.

have not been met or

(2) to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Mr Simon Thomas A.C.A.

Ridgefield Consulting Ltd 2 Hinksey Court Church Way Oxford Oxfordshire OX2 9SX

24 March 2021

Ladybird Pre-School Limited

Statement Of Financial Activity - Income & Expenditure Account as at 31 December 2020

				2020			2019
		Total		Unrestricted	Restricted
		£		£	£		£
Incoming Resources
Fees		49,013		49,013	-		193,386
Government funding		300,577		300,577			253,485
Fundraising and donations		46		46	-		1,749
Interest receivable	843,		543		a. -=	;	583
Total Incoming Resources		350,179		350,179	-		449,203
Resources Expended
Expenditure on charitable activities	(431,807)		___	(431,807)	-		(486,388)
Total Resources Expended		(431,807)		(431,807)	-		(486,388)
Deficit for the year		~ (81,628)		(81,628)	-		(37,185)
Total Funds Brought Forward		205,387		205,387	-		242,572
Total Funds Carried Forward	___	123,759		123,759	-		205,387

Ladybird Pre-School Limited Registered number: 04531247 Balance Sheet

as at 31 December 2020

	Notes			2020		2019
				£		£
Fixed assets
Tangible assets	3			21,639		28,851
Current assets
Debtors	4		2,767		40,288
Cash at bank and in hand		170,146				139,604
		172,913			179,892
Creditors: amounts falling due
within oneyear	5		(76,543)		(9,106)
		ier	ic
Net current assets				96,370		170,786
Net assets				118,009		199,637
Reserves
Income and Expenditure Account				118,009		199,637
Retainedreserves				118,009		199,637

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The member has not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Mr A Woodley

Director Approved by the trustees on .......................... (date) and signed on their behalf.

Ladybird Pre-School Limited Notes to the Accounts for the year ended 31 December 2020

1 Accounting policies

Basis of preparation

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.

Incoming resources

The Charity relies on three main sources of income which are fees from pre-school, donations and grants. Interest received is included when received.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Land and Buildings

Office Equipment

21 years straight line

25% reducing balance

2	Employees			2020	2019
				Number	Number
	Average number ofpersons employed by thecompany			rex)	33
3	Tangible fixed assets
				Plant and
		Land and	machinery
		buildings		etc	Total
		£		£	£
	Cost
	At 1 January2020	133,075		30,321	163,396
	At 31 December 2020	133,075		30,321	163,396
	Depreciation
	At 1 January 2020	107,770		26,775	134,545
	Charge for the year	63260		886	1,212
	At 31 December 2020	114,096		27,661	141,757
	Net book value
	At 31 December 2020	18,979		2,660	21,639
	At31December2019	25,3050	3,546		28,851

Ladybird Pre-School Limited

Notes to the Accounts

for the year ended 31 December 2020

4	Debtors	2020	2019
		£	£
	Trade debtors	-	37,515
	Prepayments	2167.	.2773.
		2,767	40,288
5	Creditors: amounts falling due within one year	2020	2019
		£	£
	Bank loans and overdrafts	50,000	-
	Trade creditors	17,680	1,248
	Other taxes and social security costs	8,863	7,858
		76,543	9,106

6 Other information

Ladybird Pre-School Limited is a private company limited by guarantee and incorporated in England. Its registered office is:

Manor School Grounds

Lydalls Close

Didcot

Oxfordshire OX11 7LB

6 Ultimate controlling party

There is no controlling party.

The company is limited by guarantee and does not have a share capital, its members agreeing to contribute £10 each to the assets of the company in the event of it being wound up.

In the event of the company being wound up, any retained surplus shall not be payable to the members but must be transferred to an institution with similar objectives to the company.

Consequently, the accumulated surplus shown above does not constitute shareholder's or member's funds.

Ladybird Pre-School Limited Detailed income and expenditure account for the year ended 31 December 2020

This schedule does not form part of the statutory accounts

			2020				2019
		Total	Unrestricted	Restricted
		£	£		£		£
Income
Fees		49,013	49,013		-		193,386
Government funding		300,577	300,577		-		253,485
Fundraising and donations		46	46		-		1,749
Interest receivable	543		843		:	583
		350,179	350,179		-		449,203
Support for Charitable activities
Wages and salaries		276,179	276,179		-		327,809
Toys, craft materials and consumables		35,559	35,559		-		28,367
Employer's national insurance		27,750	27,750		-		32,381
Stafftraining and welfare		1,646	1,646		>		3,366
	__	341,134	341,184			891,923
General administrative expenses:
Telephone and fax		2,834	2,834		-		2,378
Meals		3,226	3,226		-		4,700
Bank charges		566	566		-		775
Insurance		4,096	4,096		-		4,155
Salary - administrative		39,863	39,863		-		40,027
Software		3,461	3,461		-		4,905
Repairs and maintenance		16,789	16,789		-		12,852
Depreciation	_. 213.		_ 213		od		___
Premises costs:
Rent		500	500		-		1,899
Rates		796	796		-		1,835
Light and heat		6,432	6,432		-	__—«6 922
		7,728	7,728	oe		10,656
Legal and professional costs:
Accountancy fees		3,600	3,600		-		3,615
Advertising and PR		692	692		-		1,940
Other legal and professional		605	en)	ee	ae		_954—
		4807	4897			6509
		431,807	431,807		-		486,388
Deficitfortheyear		(81,628)	(81,628)		-		(37,185)