2021-12-31-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 2021

Ridgefield Consulting

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Ladybird Pre-School Limited Report and accounts Contents

	Page
Company information	1
Directors’ report	2
Independent Examiner report	3
Income and expenditure account	4
Balance sheet	5
Notes to the accounts	6-8
Detailedincomeandexpenditureaccount	9

Ladybird Pre-School Limited Company Information

Directors

Mr Peter John Harrison (resigned on 22 February 2022) 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 TSB PO Box 373 Leeds LS14 9GQ

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

Registered number 04531247

Charity registered number 1098690

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

The directors present their report and accounts for the year ended 31 December 2021.

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 (resigned on 22 February 2022)

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 We\ Noy 222. (date) and signed on their behalf.

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Mr A Woodley Director

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 2021, which are set out on pages 4 to 9.

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

13 April 2022

Ladybird Pre-School Limited Statement Of Financial Activity - Income & Expenditure Account as at 31 December 2021

		2021				2020
	Total	Unrestricted		Restricted
	£	£		£		£
Incoming Resources
Fees	131,827	131,827		-		49,053
Government funding	295,016	295,016				300,537
Fundraising and donations	939	939		-		46
Interest receivable and bank incentives	=——s_—-4,353	4,353	_		548
Total Incoming Resources	432,135	432,135		-		350,179
Resources Expended
Expenditure on charitable activities	(426,497)	(426,497)		-		(431,807)
Total Resources Expended	(426,497)	(426,497)		-		(431,807)
Surplus/(deficit) fortheyear	5,638	5,638	Oe			(81,628)
Total Funds Brought Forward	123,759	123,759		-		205,387
TotalFundsCarriedForward	129,397,	129,397,			=	____

Ladybird Pre-School Limited Registered number: Balance Sheet

04531247

as at 31 December 2021

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Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 14,647 21,639
Current assets
Debtors 4 13,472 2,767
Cash at bank and in hand 103,029 170,146 |
116,501 172,913
Creditors: amounts falling due
within one year 5 (7,501) (76,543)
Net current assets OO 109,000 96,370
Net assets 123,647 118,009
Reserves
Income and Expenditure Account 123,647 118,009
Retained reserves 123,647 118,009
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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. MrA Woodley uu — Director yt Approved by the trustees on ..: “-t2222. (date) and signed on their behalf.

Ladybird Pre-School Limited Notes to the Accounts for the year ended 31 December 2021

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 21 years straight line Office Equipment 25% reducing balance

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees	2021	2020
		Number	Number
	Averagenumberofpersonsemployedbythecompany	39	33

Ladybird Pre-School Limited Notes to the Accounts for the year ended 31 December 2021

3	Tangible fixed assets
			Plant and
		Land and	machinery
		buildings	etc	Total
		£	£	£
	Cost
	At1January 2021	133,075	— 30321	= 163,396
	At 31 December 2021	133,075	30,321	163,396
	Depreciation
	At 1 January 2021	114,096	27,661	141,757
	Charge for the year	6327	#66	6,992
	At 31 December 2021	120,423	28,326	148,749
	Net book value
	At 31 December 2021	12,652	1,995	14,647
	At 31 December 2020	18,979	2,660	21,639
4	Debtors		2021	2020
			£	£
	Trade debtors		10,142	-
	Prepayments		3,330	2,767
			13,472	2,767
5	Creditors: amounts falling due within one year		2021	2020
			£	£
	Bank loans and overdrafts		-	50,000
	Trade creditors		-	17,680
	Other taxes and social security costs		7,501	8,863
			7,501	76,543

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

Ladybird Pre-School Limited Notes to the Accounts

for the year ended 31 December 2021

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 shareholders’ or members' funds.

Ladybird Pre-School Limited

Detailed income and expenditure account for the year ended 31 December 2021

This schedule does not form part of the statutory accounts

				2021						2020
		Total		Unrestricted		Restricted
			£	£			£			£
Income
Fees		131,827		131,827			-			49,053
Government funding and grants		295,016		295,016			-			300,537
Fundraising and donations			939	939			-			46
Interest receivable and bank incentives			4,353	4,353			=		;	543
		432,135		432,135			-			350,179
Expenditure on raising funds
Fundraising costs			34	34			-			-
Support for Charitable activities
Wages and salaries		286,727		286,727			-			276,179
Toys, craft materials and consumables			13,800	13,800			-			35,559
Employer's national insurance			26,737	26,737			-			26,338
Staff training and welfare			1,934	1,934	—		-			1,646
	___ 329,198			329,198			-—	839,722
General administrative expenses:
Telephone and fax			3,201	3,201			-			2,834
Meals			3,659	3,659			-			3,226
Bank charges			112	112			-			566
Insurance			4,432	4,432			-			4,096
Salary - administrative			41,274	41,274			-			41,275
Software			5,873	5,873			-			3,461
Repairs and maintenance			16,048	16,048			-			16,789
Depreciation	;	6,991 81,590		6,991 81,590				= =	:	7,213 79,460
Premises costs:
Rent			800	800			-			500
Rates			2,045	2,045			-			796
Light and heat		6726 9,571		6,726 9,571		2 7	: -	6,432 7,728
Legal and professional costs:
Accountancy fees			3,600	3,600			-			3,600
Advertising and PR			1272	1,272			-			692
Other legal and professional	___.		15282	15282		_			;	605
		6,104		6,104		4,897,
		426,497		426,497			-			431,807
Surplus/(deficit)fortheyear			5,638	5,638			-			(81,628)