R¢gistralioll number.. 05179971 Rainbow Pre~School (Stansted) (A cOmp￿Y limit¢d by sU￿an1#) Anttual R¢rAJrt and Un￿￿lIed Finan¢i81 Stat¢nKnts for the Yw Ended 31 Au8USt 2022 Man5ell & Co Charter¢d Certified A¢¢ountants 5 Ducketts Wharf South Streei Bishop's Siortford Hertfordshir¢ CM23 3AK Rainbow Preschool (Stansted) Contents Company Inforn￿l Dire¢tors' Report A￿oUn$￿nts. Report Profit And Loss A¢￿￿ttl Statement of Comprehensive Inwne Balance Sheet Stat¢ment of ChznB¢s tn Equty Notes to the Unaudited Financial Sthternents 8toll Det8il¢d Profit and [￿)$8 Ac¢ow 12to 13 Rainbow Pr&School (Stansted) Company Information Dirtetoys C Y Hardy GM Fknsgk)ve Re¢isttred office The Peter Kirk Centr¢ St JohNs Road Stan5ted Ess¢x CM24 8JP AecountsTrts Mansell & Co Chartered Certified A¢¢owrtants 5 Ducke￿ Wharf South Strtti Bishop's Stortford Hertfordshire CM23 3AR Pa8e I Rainbow Pre-school (Stansted) Directors, Report for the Yerdr Ended 31 August 2022 Th¢ dir¢¢tors pffs¢Dt ￿1r report and the fllwKia] Statements for the yw CTKled 31 August 2022. Directors of the com￿#Y The direc￿rS who held otTi¢¢ during the year as folloTh3: C Y Hardy GM PuTsgloYe Principal artivity The principal Xiiviry of the ¢ompany is pre•scI￿1 eduCa￿n Sm911 cornp*nle4 provlslon $t*tem¢tht Thks rep)rt has b¢¢n prepar¢d in xcordance with the specral pmisions relating to ¢ompanies subjeci to the $m811 Companies regime within Pwt IS of the Cornpanies Act 2006. ApproY¢d arHI 8uthori%d by the Board ort. . signed on tts belwlf by. Dir¢ctor Pa8¢ 2 Chartered Certified AccountAnts' Report to the Board of Direclors on the Preparation of the Unaudited Statutory A￿OUnts of Rainbow Pre-school (Stsllsted) for the Year EDded 31 August 2022 In ordcr to assist you to fulfil w duties UDd¢r th¢ Cornpat)ies Act 2CK16, have prepared for your approval th¢ accounts of Rainbow Pr￿sChool {StaDSt¢d) for the ye•r ended 31 Aug￿$t 2022 &8 set out On Wd8¢S 4 to I I from the ¢ompany's a¢¢ountin8 rc¢ords and from infonn￿l0￿ aDd explanation5 you have given us. As a prn¢tisin8 member finn of the A￿¢1￿10n of Chartered Certified Accountants. w¢ are subject to its ethi¢al atld other pn)fesshonal requirements which are detailed at htsps../lwW.￿cagIObal.cornISbIc￿lmeMbCTIsthnd4￿￿rlllc￿￿￿4tsnd8￿bUItknk.h￿nl. This rep)rt is mad¢ solely to the Bwd of Directors of RatThlM)w Pr¢•S¢lKM)l {Stsnst¢d), hs a body. in aco)rdw￿< with the t¢rn￿ of our engagemeni l¢tter. Our *vrk Iw been undertaken solely to prepare for your approv￿ the 8c¢ounts of Rainbow Pre-school IStaThsted) It￿ State those matters that have agreed to state ￿ the Board of Dire¢tOTS of Raintrf)w Pre-S¢hool (Stsnsted). a5 1 ixxly. in this report in ac¢ordan¢e with th¢ requirements of the A350ciation Chart¢red Certified Accountants d¢tailed httpJlWww.acca8lobal.￿ml¥blC￿llechAl￿1￿￿lV]tiesl1echnl￿l-rt$oUrce$rfe3rcl￿oo9I octoberlfac¢sheet-163-audii¢xemptthcompanics.h¢ml. To the fu11¢51 extcnl perniitted by law. we do not accepi or assume r¢sponsibility to anyo￿ oth¢r than RaiDbow PrtrS¢bool (Sthnskd) its Board of DirecfoTh as a body for our work or for this r¢pgrt. It is your duty w ensure that Rainbow Mclw)ol IStsLsted) has kepi ￿eqUa(e accounting records and to prepare statutory h¢¢ounts thai give a trne aDd fair view of the asse￿ liabilitics. financial position and profit of Rainbow Pr¢-School {Stanstcd). Yoy consider Rainbow Pre-Schth)l (Stanstrd) is exem0 from the stawtory audit requir¢m¢nt for the year. We have ￿1 becn instructed io c¥ny out an •udÉt or a ffview of the awunts of Ratnbow Pre￿¢hOOl {Stsnsied). For this r¢ason. we have not verified the x¢uracy or completencss of the a￿tsUn¢1￿8 records or infonnation and eXplan￿lon$ you have given to w and do ￿ therefor¢. express any opinion on the $14DJtory acco11r￿S. Mansell & Co Chartered Certifi¢d Accoun¢thts 5 Ducketts Wharf South Street Bishop's Stortford H¢rtfordshir¢ CM23 3AR Dat¢.. Rainbow Prtsschool (Stansted) Profit Loss Account for the Year Ended 31 August 2022 2022 2021 163.855 68,073 Gross surpl 163.855 68.073 Administrative expenses (151.469) (76.437) Other op¢r*ing income 2.635 OperatUl8 surp]U￿(deficiI) Other int¢r¢5t r¢c¢iv8ble and similar ineoD 12.386 (5,7291 12 88 Surp]￿{defIcI1l before tsx Surplus/(deficiil for th¢ financial y¢ar 12.474 5,71 12,474 5,71 The al￿¥¢ results ￿re d¢rived from continuin8 opcrnlb)its. The compony hts no reeo8nised giitis or losses for the yearother than th¢ r¢5Utts above. Th¢ notes on pag¢s 8 to I I fonn an inte￿1 pirt of thesc fitwiciat statemcn Po&e 4 RAinb(ff Pre-school (Stansted) Statement of Comprehensive Income for the Year Ended 31 August 2022 2022 2021 SuTplus/(defi¢ii> for the ye8r Total compre1￿1ve income for the year 12,474 5.717 12.474 5.717 The ￿tr$ on pages 8 to I I fonn ￿ int¢gral part of th¢s¢ financial statements. Page 5 Rainbow Pre-school (Stansted) (Registration number. 05179971) Balance Sheet as at 31 August 2022 2022 2021 No Fixed assets Tangible a55ets 1.974 .950 Current 855ets Debtors Cash at bank and in haE 580 175,530 176,110 794 162,606 163,4( Cr¢di¢orJ.' Arnounts t￿ling due within otte year 10.739 11.396 Net curreut ##ets 16S.371 IS2.004 Totsl &￿ets les5 furrent lilbilits 167.345 IS3.954 Creditors.. AtTh)unts f￿1]ng dy¢ after 0￿¢ than on¢ y¢•r 47.502 46,585 Net Assets 119,843 107,369 Rejervej Ret4in¢d earnings 119.843 107.369 Surplus I19.843 107.369 For th¢ financial year ending 31 August 2022 the compkny ￿titled to exemption from Audii under se￿10n 477 of the Companies Ad 2006 r¢latin8 to Sm￿1 wmpanio. Directors, reSpor￿1b1]It1cS.' The members hayc required the compat)y ￿ obtsitt aD awjii of its (or the year in quesrion in ac¢ordance with section 476; and The director5 acknowledge their responsibilities for comptyiti8 with the requirements of the Act with respe¢t to ￿CoUnting records and the prepfyNion ofA¢J( less any subs¢quurt accumulated deprt¢iation and subsequent accumulated impaimjeni losses. Th¢ ¢o$t of tan8iblc asscts includes directly attributable iTKremellr81 costs IN￿ed in their wuisitioll 8nd iDstailatio Depreti#tioD Depr¢¢iation is charged so as to writ¢ off the c05t of ssets. Otkr than land and properties eonstructhon over their estimthd usefvl liv¢s. follo￿. Page 8 Rainboiv Pre-Sch(K•l (Stansted) Noto¥ to the Unaudited FiDaDciII Statements for the Year Ended 31 August 2022 Asstt c1359 Fixtures and fittings Cash #Dd cash equiY*lents Cash and cash equivalents cornprise ¢&8h on hand and ¢4Jl dw$i¢S. aNI other short-trrni highly liquid investhients that are rally ¢oDi/ertible to a kno*TL of cash and are subj￿1 to insignific8nt risk of ehange in value. Depreciation method and rxte 25% reduciEJg balance Trade dtbtorg Trade debtors amounts du¢ from euswmers for D￿rd￿ls¢ sold or services perfonned in the ordinary ¢outse of business. Trade debtors are recognis¢d initially at the transaction price. They 8Te 5ubsequenily me&sured It amorti5ed cost Lhsing the effective interest rnC￿￿, l¢ss provision for impairnieni. A provision for the impairnent of trad¢ debtors 15 CStabli5hed when there is objective evidertce th¢ company will Dot be able ty colled ¥ll amounts according to the 0ri8inal t¢nDs of the ￿e¢l¥able$. Trsde cr¢dA¢ors Trade Creditors are obligations to pay ftir goods or services have been wuired ITh the ordinary ¢our5e of business from suppliers. A¢¢ounts pay&ble are ¢I￿lfied ￿ ¢urYet)t liabilities if the company docs not have an unctsTrditiotwi right. at the end of the reporting period, to defer seiilemenl ol the ¢r¢ditor for at le8$1 iw¢lve months after the TeportlTr8 dak. Jf there is an unconditional right to defer settlement for at le￿1 twclvc months &fter the reportirtg date, they are presented a5 non4mt liabilities. Trade ¢reditors are re￿gnised initially at the transaction pric¢ and sybsequently measured at anh)rtised co$t usin8 the effective in¢eTe3t method. Defined eomirlbutlon pe￿70th obligation A defined contribution plao 1$ a pension plan under whith r￿ed contribufioTts are paid into a pettsion fuftd and the company has legal or ¢onstructivc obligation to pay further ¢ontributions even if the fund does noi hold 5UtTL¢ient ass¢ts to pthy all employ￿ the benefits re￿￿.￿$ ts) employe¢ s¢rvice in the ¢unrni and prior periods. Contributions to d¢fincd contribuuon pl8Ls are recognis¢d ￿ employe¢ b¢Defit expense wh¢n thry due. If ¢ontribulion pthyments ¢xceed the ¢ontribution duc for setvi¢4 the excess is recognised as a prepa)ryn¢Dt. ) Staff numb¢r¥ Th¢ avera8e number of per50lls employed by the ¢ompany {incI￿1n8 diredor5) durin8 the year, was 10 (2021 . 7). 4 Profitn0￿ before tss Arrived w after charg1￿(creditiD8) 2022 2t121 Dcprttiation expcTh5e 658 651 P￿¢9 Rainbow Pre-school (StaDstsI) Notes to the Unaudited Financial Statements for the Year Ended 31 August 2022 5 T*nElble a99ets Fixtur¢s *Dd rittiuv Tot•1 Cost or VAlvxtion At I Septernber 2021 Additions 6223 682 6,223 682 A¢ 31 Au8U5t 2022 Depretiatiott At I Septcmber 2021 Charg¢ for the year 6.905 6.905 4.273 658 4,273 658 Ai 31 August 2022 CarrylD% amounl At 3l August 2022 4.931 4,931 1.974 .974 At 31 August 2021 1.950 1,950 6 Debtors 2022 2021 Current Prepayments 580 794 580 794 7 Creditors Cr¢ditorJ: fall1￿% due wlthln OTr¢ ye•r 2022 2021 Due within one ye*r Taxation and s￿la1 ￿curity A¢¢Nals 8nd deferred incorne 34 10.705 10.739 586 10.810 11,396 Page 10 R8inbow Pre-sehool (Stansted) Notes to the Unaudited Finydncial Statements for the Year Ended 31 August 2022 Crediton: *Th•u#ts fAUing due *fter mort thaD one year 2022 2021 Due after one yur Deferred income lJh¢r non-arnt fitwjcial liabililies 10.413 37.089 10.413 36.172 47,502 46,585 R2inbow Pre-school (Stansted) Detsiled Profit and L058 Aceount for the Year Ended 31 August 2022 2Q22 2021 Turnover (analys¢d below) 163.855 68,073 Gross surplus (%) loo% loo% Adminlstr•tiYe expenses Ernployment costs lanaiysed below) Establishm¢nt costs (analysed below) General administrative expenses {anaiysed b¢iow) Fit)anc¢ char8es (aDaly5cd bclowl Depreciation costs (analysed below) (101,684) (21,426) (27.608) (93) 658 {64,020) (4,201) (7.481) {84) 651 (151,469) (76.437) Oth¢r opcrntit)8 in¢ome {￿￿Y8¢d below) Opcraiin8 surpluO{defi¢il) Other inter¢sl receivable ond Similar incom¢ (anatysed below) 2.635 12.386 88 (5,729) 12 Surp]u￿(d¢firJt) befor¢ lax 12,474 5.717 This pag¢ does forni part of the Statutory financial statcments. Page 12 R4inbow Prthhool {Stallst￿) Detailed Profit 2nd LOM Account for the Year Ended 31 August 2022 2022 2021 Turnover Net reccipts from parents- Suodry income Funding received 143,986 19.869 60.674 7,399 163.855 68.073 Employment eosts Wages and n*ional insurance Pension c05t Staff T￿rUItMent and tr&iAing (96.6561 (2.8391 (2.189) (62,6791 {778) 563 101,684 64.020 E5t*b115htheDt eosts Rent Utilities arHI wast¢ Insuran¢¢ Consumables, renewals and maint¢n•nce {9,440) (1.160) (1.606) 9.220 (1,334} (7151 (1.134) 1.018 21,426 4.201 G¢nerAI *dministrntlve expenses AdmiThi5trotive exp¢ns¢s Dtsnaiions Sundry Cleaning Uniforrn Travel Advertising Gift5 to helpers l Entertaining Accounlancy cknges (24,0851 (4.696) (i) (1,053) (269) (2,7001 (631 (260) {602) 600 741 27.608 7,481 Fln*n¢¢ thfirg Bonk ¢harge5 93 84 Deprttiation ctssts D¢pn- FiX￿re5 and fittings 658 651 Other Dptrxting iDtothe Grdnts receivable- HMRC 2,635 Otber inter&st reteivable and similar ineothe Interc51 r¢¢eived 88 12 This p3ge does fornj part of the statutory fir•ncial statements. 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