Registration number: 05179971 Rainbow Pre-school (Stansted) (A company limited by guarantee) Annual Report and Unaudited Financial Statements for the Year Ended 31 August 2024 Mansell & Co Chartered Certified Accountsnts 5 Ducketts Wharf South Street Bishop's Stortford Hertfordshire CM23 3AR
Rainbow Pr&&hool (Stansted) Contents Company Inftirnlation DirectOTS' Report Accountants, Report Profil and Loss Account Statement of Comprehensive Income Balance Sheet Statement of Changes in Equity Notes to the Unaudit¢d Financial Statements 8t012 Detailed Profit and L05s Account 13to14
Rainbow PTrSchool (Stansted) Company Inforniation Directors C Y Hardy GM Pursglove Registered office The Peter KI Centre St Johns Road Stsnsted Essex CM24 SJP AecountsDts Mansell & Co Chartcred Ccrtified Accountants 5 Ducketts Wharf South Street Bishop's Stortford Hcrtfordshire CM23 3AR Page I
RaiDbow Pre•Sch{l (Stansted) Dirertors, Report for the Year Ended 31 August 2024 The diTectOTS prescnt their report and the financial statements for the year ended 31 August 2024. Directors of th¢ eompany Th¢ directors who held office during the year were as follows: C Y Hardy GM Pursglove Prlncipal activity The principal activity of the company is pre-school education Sm411 eompanie5 provision statement This report ha5 been prepared in accordance with th¢ special Provisions relating to companies subje¢t to the small companies regime within Part 15 of the Companies Act 2006. Direct Page 2
Chartered Certified Accountants, Report to the Board of Directors on the PreparatRon of the Unaudited Statutory Accounts of Rainbow Pre-school {Stansted) for the Year Ended 31 August 2024 In order to assist you to lfil your dutiC5 under the Companies Act 2006, we have PTepared for your approval thc accounts of Rainbow Pre-school (Stansted) for the year ¢nd¢d 31 August 2024 as set out on pages 4 to 12 from th¢ company's accounting records and from infonnation and explanations you have given u5. As a practising member firni of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https.'//ww.accaglobal.romlgb/enlmcmber/stsnd8rdslrules-and-Standardsln]lebook.hlmJ . This report is made solely to the Board of Directors of Rainbow Pre-sch(1 (Stansted), as a body, in accordance with th¢ tcrn)s of our engagement letter. Our work has been und¢rtak¢n solely to prepare for your approval th¢ a¢¢ounts of Rainbow Pre-school Istansted) and state those matters that we have agreed to statc to the Board of Directors of Rainbow Pre-school (Stansted}. &8 a body. in this report in accordance with the requirements of the Assoclation of Chartered Certified Accountants detailed at http:l/www.accag]obal.comlgblenlte¢hnical-activities/technical-resowces-search120091 october/factsheet-163-audit-exempt-companie5.html. To th¢ fullest extent perniitted by law. we do not a¢¢ept or assume responsibility to anyone other than Rainbow Pre-Sch(M)l (Stansted) and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Rainbow Pre-school (Stsnsted) has kept adequate accounting records and io prepare ststutory accounts that give a true and fair view of the assety liabilities, financial position and loss of Rainbow Pre-school (Stansled). You consider that Rainbow Pre•School {Stansted) is exempt from the StatOry audlt requirement for the year, We have not been instructed io ¢#rry out In audit or a review of the ateounts of Rainl)ow Pre-S¢hool (Stansted). For this reason, we have not verified the accuracy or completeness of the acwunting records or infonnation and explanations you have given to us and we do DOL therefore, express any opinion on th¢ statutory accounts. Mansell & Co aiartered Certified Accountants 5 Ducketts Wharf South Street Bishop's Stortford Hertfordshire CM23 3AR Date:............................. Page 3
RaiDbow Pre•School (Stansted) Profit and Loss Account for the Year Ended 31 August 2024 2024 2023 Notr Turnovcr 177.853 167J47 Gross surplus Administrative expenses 177,853 167,347 (185.807 (164,703 Operating (deficiiysurplus Other interest receivable and similar inwme (7.954) 4,154 2.644 1.549 {Defi¢itysurplus before tax (Defi¢itysurplus for the financial year 13.800) 4,193 (3.800 4,193 The above results were derived from continuing op¢rations. The company has no rewgnised gains or losses for the year other than the results above. The notes on pages 8 to 12 forn) an integral part of these financial ststements. Page 4
Rainbow Prfrschool (Stansted) Statement of Comprehensive Income for the Year Ended 31 August 2024 2024 2023 (Defi¢it)lsuluS for the year Total comprehensive income for the year {3.800 4.193 (3,800) 4,193 The notes on pages 8 to 12 forni an integral part of these financial ststements. Pag¢ 5
Rainbow Pr&School (Stansted) (Registration number: 05179971) Balance Sheet as at 31 August 2024 2024 2023 Note Fixed 488ets Tangible assets 1.321 1,761 Currtttt assets Debtor5 Cash at bank and in hand 1,816 203,296 I,oii 203,229 205.112 204,240 Creditors: Amounts falling due within one year (12.809) (12,296 Net current assets 192,303 191,944 Total assets less current liabilities 193,624 193,705 Crediton: Amounts falling due after more than one year (73,388) 120,236 (69,669) 124,036 Net assets Reserves Retained earnings 120.236 124,036 Surplus 120,236 124,036 For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Director5, responsibilities: The memb¢rs have not required the company to obtsin an audit of its accounts for the year in question in accordance with se¢lion 476- and The directors acknowledge their responsibilities for comptying with the requirements of the Act with respect to accounting records and the pr¢p8ration of accounts. Th¢x finanGial stat¢mGnts ha bc¢n pr¢pared in aecordan¢• with th¢ sp•ci•l provision# rel8tltt8 to companies subject to the small wmpanies regime within Part15 of the Companie5 Act 2006. Approved and authorised by the Board on d signed on its behalf by.. CYHar Dire¢tor The notes on pages 8 to 12 forni an inte1 part of these financial statement5. Page 6
Raillbow Pre•School (Stansted) ststement of Changes in Equity for the Year Ended 31 August 2024 Retained ¢grnings Total At I September 2023 Deficit for the year 124.036 {3,800) 124.036 3,800 At 31 August 2024 120.236 Retained earnings 120,236 Total At I September 2022 Surplus for the year l 19.843 4.193 119,843 4.193 At 31 August 2023 124.036 124.036 The notes on pages 8 to 12 forni an int¢gral part of these financlal statements. Page 7
Rainbow Prfrschool (StaDSted) Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 l General iDfomthon The company is a company limited by guarantce. in¢orporntcd in England and Wales, and ¢onsequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in th¢ event of liquidation. The address of its registered offi¢e is: The Peter Kirk Centre St Johns Road Stansted Essex CM24 8JP These financi statements were authorised for issue by the Board on ....... 2 Accounting policitg Summ#ry of significant aceountlng pollcles ¥4nd key Iccountlng ¢8tim8tes The principal accounting policies applied in the preparation of these financial ststements are sel out below. Thes¢ policies have bcen consistently applied to all the years presented, unless oth¢rwise stated. Stgtement of compliAnce These financial stalements have been prepared in accordan with Financial Reporting Standard 102 Section IA smaller entities - The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland, and the Companies A¢t 2006 (as applicabl¢ to ¢omp8nies subje¢t to the small companies, regime). Basis of preyrAtion These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain iterns are shown at fair value. Going coneern The financial statements have been prepared on a going concern basis. Revenue recognltlon Turnover comprises the fair value of the consideration receivcd or receivable for the sale of goods and provision of servlce5 in tlie ordinary COU of the rompany's Jctiviti. Tun)ov*r is Jhojvn net of saléB/vAlu• added tAX, reftlrn8, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the enlity; and specific criteria have been met ftir each of the company's activilics. Page 8
Rainbow PrChoOl (Stansted) Notes to the Unaudited Finaneial Statements for the Year Ended 31 August 2024 T8nglble a8$tts Tangible assets are stated in the balance sheet at ¢osL less any subsequent accumulated depreciation and subsequent a¢¢umulat¢d impainnent losses. The cost of tangible assets includes directly attributable incrementsl costs in¢uTred in their acquisition and installation. Depreciation Depreciation is charged so as to write off the cost of assets. other than land and properties under ¢onstruction over their estimated useful lives, as follows: A$stt tlass Fixtures and fittings Cash and cash equivalents Cash and cash cquivalenls comprise cash on hand and call deposits. and other short-tern) highty IiquTd investments that are readily convertlble to a kJ)own amount of cash and are subject to an insignificant risk of change in valu¢. Depreciation method 8nd rate 250/• r¢du¢ing balance Trnde debtors Trade debtors Are amounts due from Customers for merchandise sold or services perfornied in the ordinary course of business. Tr8de debtors are recognised initially at the transaction pricc. They are subsquently measured at amortised cost using the effective interest method, less provision for impainnent. A provision for the imp8iment of trade dcbtors is e$(ablished wh¢n th¢r¢ is objective eviden¢e that the company will not be ablc to collect #ll amounts du¢ cordIng to the original ternis of the receivables. Trade creditor5 Trade creditors are obligation5 to pay for goods or services that have been acquired in Ihe ordinary coiirse of business from suppliers. Accounts payablc are classified as current liabilities if the company does not have an unconditional righL at the end of the rep)rting period, to defer settlement of the creditor for ai leasl twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-cumt liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Defined contribution penslon obllgitlon A defined rontribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if thc fund does not hold sufficient a5S¢ts lo pay all employees the benefits Telating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefft expense when they are due. If ntribution payments exceed the contribution due for servic4 the excess is recognised as a prepayment. 3 Staff numbers The average number of persons employed by the company (including directors) during the year, was 13 {2023 -13). Page 9
Rainbow Pre•Sehool (Stansted) Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 4 Losslprofit before tsx Arrived at after charginW{crcditing) 2024 2023 Deprcciatson expense 440 588 Page 10
Rainljow Pre•School (Stansted) Notes to the Unaudited FiDancial Statements for the Year Ended 31 August 2024 5 Tangible assets Fixtures and fittings Total Cost or valuation At I September 2023 7.280 7.280 At 31 August 2024 DepreeiAtion At I September 2023 Charge for the year At 31 August 2024 CarryAng #mount At 31 August 2024 7,280 7,280 5.519 440 5.519 440 5,959 5.959 1,321 At 31 August 2023 1.761 1,761 6 Debtors 2024 2023 Current Trade debtor5 Prepayment5 1.189 627 431 580 1.816 I,oii 7 Credltorj Crediton: amounts falling due within one ye*r 2024 2023 Dut within one year Taxation and social security Accruals and deferred incom¢ Other Creditors 1,439 10.880 490 ,045 10,705 546 12.809 12.296 Page 11
RaiDbow Pre-school (Stansted) Notes to the UDaudited Financial Statements for the Year Ended 31 August 2024 Creditors: arnounts falling due after more than one year 1024 2023 Due after one year Deferred income Other non-current financial liabilitics 35,910 37.478 31.890 37.779 73.388 69.669 Page 12
Rainbow PrSChool (Stansted) Detailed Profit and Loss Account for the Year Ended 31 August 2024 2024 2023 Tumovcr (analysed below) 177.853 167.347 Gross Surplus {OA) Adininistrative expenses Employmenl costs (analysed below) Establishment costs (analysed below) General administrative expenses (analysed below) Finan¢e charges (analysed below) Dcpreciation Costs (analysed below) (143,832) (20,382) (21,093) (60) (440) (185,807) (132.510) (15.944) (15.601) (60) (588) (164,703 Operating (defi¢itysurplus Other interest receivable and similar income (anAlys¢d below) (Deficitysurplus before tax {7,954) 4,154 (3,800) 4,193 This pagc doe5 not forni part of the statutory financial 5tatcmcnts. Page 13
Rainbow Pr&bO01 (Stansted) Detailed Profit and LO Account for the Year Ended 31 August 2024 2024 2023 Turnover Net rc¢eipts from p8rents- sWry in¢ome Funding received 143.089 i4,764 139.073 28.274 177.853 167,347 Employment Costs W8g¢$ and national insurance Pension ¢05t Staff recruitment and training (140.311) {2,633) (888) (128.810) (2,421) (1,279) 132,510) (143,832) Estsblishmenl costs Rent Utilities and waste Insurance Consumables. renewals and maintenance (9.721) (5,876) (1.458) (3.327) {9,721) (1,564) (1.434) 3,225) (15,944) (20,382} GenerY41 admintstratlve expens¢s Administrative expenses Cl¢aning Uniforni Travel Advertistng Gifts to helpers l Entertaining A¢countsncy charges Legal & Professional fees Bad debt (12.235) {2.635) (168) (9) (200) (11,061) (2,520) (60) 1200) {194) 1966) (600) {1,231) (4.594) 21 21.093 <15 601 Finance Charges Bank ¢hargcs (60 60 Depre¢iation costs Depn- Fixtures and fittings Other interest reeelvable and simllar income Interest received (588 4,154 1,549 This page docs not foTm part of the statutory financial statements. Page 14