Company Registration No. 05210962 (England and Wales)
LITTLE DRAGONS (CLYST ST GEORGE) LTD ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2020
LITTLE DRAGONS (CLYST ST GEORGE) LTD ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS
| Page | |
|---|---|
| Company information | 3 |
| Directors' report | 4 |
| Accountants' report | 5 |
| Statement of income and retained earnings | 6 |
| Statement of financial position | 7 |
| Notes to the accounts | 8 |
| Detailed profit and loss account | 11 |
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LITTLE DRAGONS (CLYST ST GEORGE) LTD COMPANY INFORMATION FOR THE YEAR ENDED 31 AUGUST 2020
Directors
Company Number
Registered Office
Accountants
MORAN, Caitlin INGARFIELD, Nicola MELLING, Julia Ann
05210962 (England and Wales)
Lady Seawards C Of E School Clyst St George Devon EX3 0RE
The Fresh Accountancy Company Limited Orchard House Clyst St Mary Exeter Devon EX5 1BR
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LITTLE DRAGONS (CLYST ST GEORGE) LTD (COMPANY NO: 05210962 ENGLAND AND WALES) DIRECTORS' REPORT
The directors present their report and accounts for the year ended 31 August 2020.
Directors
MELLING, Julia Ann held office during the whole of the period.
The following directors were appointed during the period:
MORAN, Caitlin was appointed on 4 February 2020. INGARFIELD, Nicola was appointed on 4 February 2020.
Statement of directors' responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts 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 accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the accounts 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 accounts 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.
Small company provisions
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors
............................................................................
MORAN, Caitlin Director
Approved by the board on: 30 May 2021
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Little Dragons (Clyst St George) Ltd - Report of the Trustees for the year ended 31st August 2020
The trustees who are also directors of the charity for the purpose of the Companies act 2006, present their report with the financial statements of the charity for the year ended 31st August 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January 2015).
The main objective of the charity is to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide the needs of their children through community groups within Clyst St George, Devon.
The main activity undertaken by the charity in pursuit of this objective is the running of Little Dragons pre-school in Clyst St George.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
During the year the charity continued to provide services relating to the development and education of pre-school children.
During the year, the charity received income of £ 54,488 from grants provided by Devon District Council, £2,375 from fundraising and £2,935 from fees. The charity returned an excess of income over expenditure of £4,788. The trustees are satisfied that the current state of the charity's finances are sound.
The charity’s free reserves at 31st August were £15,386 (2019: £10,598). It is the trustees’ current policy to maintain free reserves sufficient to enable the charity’s activities to continue during cyclical periods when fewer children living within the local community are able to make use of the pre-school and associated income therefore falls.
In the year ahead the trustees plan to continue to pursue the charity’s activities by enhancing the development and education of the children of the pre-school.
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The organisation is a charitable company limited by guarantee, incorporated on 20th August 2004 and registered as a charity on 15th October 2014. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed by the Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.
The trustees are appointed in accordance with the charity’s Memorandum and Articles of Association.
Day-to-day operational decisions are delegated to the members of staff, however the trustees retain responsibility for strategic matters.
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
This report has been prepared in accordance with the special provisions of Part 15 of Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on May 30th 2021 and signed on its behalf by:
C Moran 31/05/2021 10:54:55 Caitlin Moran
Ms Caitlin Moran - Trustee.
Independent Examiner’s report to the Trustees of Little Dragons (Clyst St George) Ltd
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st August 2020.
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statementB
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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Accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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The accounts do not accord with those records; or
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The accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Barney Donnellan FCCA The Fresh Accountancy Company Limited Orchard House Clyst St Mary Exeter EX5 1BR
30th May 2021
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF LITTLE DRAGONS (CLYST ST GEORGE) LTD FOR THE YEAR ENDED 31 AUGUST 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Little Dragons (Clyst St George) Ltd for the year ended 31 August 2020 as set out on pages 6 - 10 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
The Fresh Accountancy Company Limited Chartered Accountants
Orchard House Clyst St Mary Exeter Devon EX5 1BR
27 May 2021
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LITTLE DRAGONS (CLYST ST GEORGE) LTD STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEAR ENDED 31 AUGUST 2020
| 2020 | 2019 | |||
|---|---|---|---|---|
| £ | £ | |||
| Turnover | 4 | 2,935 | 10,570 | |
| Administrative expenses | (55,010) | (58,870) | ||
| Other operating income | 56,863 | 43,883 | ||
| Operating surplus/(loss) | 5 | 4,788 | (4,417) | |
| Surplus/(loss) on ordinary activities before taxation | 4,788 | (4,417) | ||
| Tax on surplus/(loss) on ordinary activities | 6 | - | - | |
| Surplus/(loss) for the financial year | 4,788 | (4,417) | ||
| Retained earnings at the start of the year | 10,598 | 15,015 | ||
| Surplus/(loss) for the financial year | 4,788 | (4,417) | ||
| Dividends | - | - | ||
| Retained earnings at the end of the year | 15,386 | 10,598 |
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LITTLE DRAGONS (CLYST ST GEORGE) LTD STATEMENT OF FINANCIAL POSITION AS AT 31 AUGUST 2020
| 2020 | 2019 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Fixed assets | ||||
| Tangible assets | 7 | 2,869 | 1,462 | |
| Current assets | ||||
| Debtors | 8 | 506 | 445 | |
| Cash at bank and in hand | 12,165 | 10,345 | ||
| 12,671 | 10,790 | |||
| Creditors: amounts falling due within one year | 9 | (154) | (1,654) | |
| Net current assets | 12,517 | 9,136 | ||
| Net assets | 15,386 | 10,598 | ||
| Reserves | 10 | |||
| Profit and loss account | 15,386 | 10,598 | ||
| Members' funds | 15,386 | 10,598 |
For the year ending 31 August 2020 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2021 and were signed on its behalf by
MORAN, Caitlin Director
Company Registration No. 05210962
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LITTLE DRAGONS (CLYST ST GEORGE) LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2020
1 Statutory information
Little Dragons (Clyst St George) Ltd is a private company, limited by guarantee, registered in England and Wales, registration number 05210962. The registered office is Lady Seawards C Of E School, Clyst St George, Devon, EX3 0RE.
2 Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3 Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is� probable that the income will be received and the amount can be measured reliably.
Basis of preparation
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been� prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of� Recommended Practice applicable to charities preparing their accounts in accordance with the Financial� Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', 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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery 20% - Straight line Computer equipment 25% - Reducing balance
4 Turnover
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.�
Expenditure�
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has�
been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
5 Operating profit
| Operating profit | 2020 | 2019 |
| £ | £ | |
| Profit before tax is stated after charging: | ||
| Depreciation of tangible fixed assets | 982 | 471 |
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LITTLE DRAGONS (CLYST ST GEORGE) LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2020
6 Taxation
The charity is exempt from corporation tax on its charitable activities.
| 7 | Tangible fixed assets | Plant & | Computer | Total | ||
|---|---|---|---|---|---|---|
| machinery | equipment | |||||
| £ | £ | £ | ||||
| Cost or valuation | At cost | At cost | ||||
| At 1 September 2019 | 593 | 3,967 | 4,560 | |||
| Additions | - | 2,389 | 2,389 | |||
| At 31 August 2020 | 593 | 6,356 | 6,949 | |||
| Depreciation | ||||||
| At 1 September 2019 | 188 | 2,910 | 3,098 | |||
| Charge for the year | 119 | 863 | 982 | |||
| At 31 August 2020 | 307 | 3,773 | 4,080 | |||
| Net book value | ||||||
| At 31 August 2020 | 286 | 2,583 | 2,869 | |||
| At 31 August 2019 | 405 | 1,057 | 1,462 | |||
| 8 | Debtors: amounts falling due within one year | 2020 | 2019 | |||
| £ | £ | |||||
| Accrued income and prepayments | 506 | 445 | ||||
| 9 | Creditors: amounts falling due within one year | 2020 | 2019 | |||
| £ | £ | |||||
| Other creditors | 154 | 154 | ||||
| Accruals | - | 1,500 | ||||
| 154 | 1,654 |
10 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 of a winding up, such an amount as may be required not exceeding £1.
11 Pension commitments
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable� company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
12 Transactions with related parties
There were no related party transactions for the year ended 31 August 2020.
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LITTLE DRAGONS (CLYST ST GEORGE) LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2020
13 Average number of employees
During the year the average number of employees was 5 (2019: 5).
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LITTLE DRAGONS (CLYST ST GEORGE) LTD DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2020
This schedule does not form part of the statutory accounts.
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Turnover | ||
| Fees | 2,935 | 10,570 |
| Administrative expenses | ||
| Wages and salaries | 44,008 | 48,795 |
| Pensions | 2,896 | 1,983 |
| Employer's NI | 328 | - |
| Staff training and welfare | 684 | 459 |
| Rent | 2,502 | 2,704 |
| Rates | 1,166 | 334 |
| Telephone and fax | 326 | 487 |
| Postage | 471 | 438 |
| Insurance | 497 | 652 |
| Equipment expensed | 243 | 441 |
| Depreciation | 982 | 471 |
| Sundry expenses | 423 | 556 |
| Accountancy fees | - | 1,500 |
| Other legal and professional | 484 | 50 |
| 55,010 | 58,870 | |
| Other operating income | ||
| Other operating income | 56,863 | 43,883 |
| Operating profit/(loss) | 4,788 | (4,417) |
| Profit/(loss) on ordinary activities before taxation | 4,788 | (4,417) |
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This Document has been Signed with a secure electronic signature via E-Sign.
Document Details
| Title | Little Dragons Clyst St George Ltd Accounts 31 August 2020 |
|---|---|
| Author | The Fresh Accountancy Company (email.us@freshaccountancy.co.uk) |
| Document Created on | Mon, 31 May 2021 07:10:07 |
| Digital Fingerprint | 0dDfioMcU6q4xDoqrSTR-OtTCEUMGw |
Document Signers Scan/Click the QR Code to view signature information
| Name | Caitlin Moran |
|---|---|
| little.dragons2018@gmail.com | |
| Status | SIGNEDat Mon, 31 May 2021 10:54:55 UTC+01:00 |
| Signature Fingerprint | 9oHykuE7B96-1iLhFCUHXJhEkCkd0w |
Document History
| Mon, | 31 | May | 2021 | 10:54:56 | Caitlin MoranSigned the Document |
|---|---|---|---|---|---|
| Mon, | 31 | May | 2021 | 07:10:07 | Email Notification sent toCaitlin Moran |
| Mon, | 31 | May | 2021 | 07:10:07 | The Fresh Accountancy CompanyCreated the Document |