Report of the Directors and
Unaudited Financial Statements
for the Year Ended 31 December 2021
for
THE PARK NEIGHBOURHOOD NURSERY
Document Ref: CQFUM-EMNDQ-AJA85-JK7BT
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THE PARK NEIGHBOURHOOD NURSERY
Contents of the Financial Statements FOR THE YEAR ENDED 31 December 2021
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Directors | 2 |
| Statement of Income and Retained Earnings | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| Detailed Income and Expenditure Account | 7 |
Document Ref: CQFUM-EMNDQ-AJA85-JK7BT
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THE PARK NEIGHBOURHOOD NURSERY
Company Information FOR THE YEAR ENDED 31 December 2021
DIRECTORS:
R W Coales Ms V M Dunn Ms C S Holmes Ms E A Meadows Ms P A Rooney
SECRETARY:
Ms E A Meadows
REGISTERED OFFICE:
The Park Neighbourhood Nursey The Old Park School Hollow Road Kingswood BS15 4AT
REGISTERED NUMBER:
04993091 (England and Wales)
ACCOUNTANTS:
MGB Accountants (Stonehouse) Limited The Garden Suite 23 Westfield Park Redland Bristol BS6 6LT
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THE PARK NEIGHBOURHOOD NURSERY
Report of the Directors FOR THE YEAR ENDED 31 December 2021
The directors present their report with the financial statements of the company for the year ended 31 December 2021.
DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2021 to the date of this report.
R W Coales Ms V M Dunn Ms C S Holmes Ms E A Meadows Ms P A Rooney
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD:
Ms E A Meadows - Director
2 November 2022
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THE PARK NEIGHBOURHOOD NURSERY
Statement of Income and
Retained Earnings FOR THE YEAR ENDED 31 December 2021
| Notes TURNOVER Cost of sales GROSS SURPLUS Distribution costs Administrative expenses Other operating income OPERATING SURPLUS 4 Interest receivable and similar income Interest payable and similar expenses SURPLUS BEFORE TAXATION Tax on surplus SURPLUS FOR THE FINANCIAL YEAR Retained earnings at beginning of year RETAINED EARNINGS AT END OF YEAR |
2021 £ 346,384 69,225 |
£ 520,823 46,680 474,143 415,609 58,534 12,155 70,689 1 70,690 1 70,689 - 70,689 217,939 288,628 |
2020 £ 357,966 68,093 |
£ 439,479 43,147 396,332 426,059 (29,727) 48,953 19,226 39 19,265 16 19,249 - 19,249 198,690 217,939 |
|---|---|---|---|---|
The notes form part of these financial statements
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THE PARK NEIGHBOURHOOD NURSERY (REGISTERED NUMBER: 04993091)
Balance Sheet 31 December 2021
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Income and expenditure account |
2021 £ 279,048 4,637 |
£ 14,217 274,411 288,628 288,628 288,628 |
2020 £ 213,838 7,022 |
£ 11,123 206,816 |
|---|---|---|---|---|
| 217,939 | ||||
| 217,939 | ||||
| 217,939 |
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
-
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2022 and were signed on its behalf by:
Ms E A Meadows - Director
The notes form part of these financial statements
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THE PARK NEIGHBOURHOOD NURSERY
Notes to the Financial Statements
FOR THE YEAR ENDED 31 December 2021
1.
STATUTORY INFORMATION
The Park Neighbourhood Nursery is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
- ACCOUNTING POLICIES
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 25% on reducing balance
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. EMPLOYEES AND DIRECTORS
The average number of employees during the year was 20 (2020 - 21).
4. OPERATING SURPLUS
The operating surplus is stated after charging:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 4,738 | 3,708 |
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THE PARK NEIGHBOURHOOD NURSERY
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 December 2021
5. TANGIBLE FIXED ASSETS
| 5. TANGIBLE FIXED ASSETS |
||
|---|---|---|
| COST At 1 January 2021 Additions At 31 December 2021 DEPRECIATION At 1 January 2021 Charge for year At 31 December 2021 NET BOOK VALUE At 31 December 2021 At 31 December 2020 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors |
2021 £ 2,036 2,601 4,637 |
Plant and machinery etc £ 101,618 7,832 109,450 90,495 4,738 95,233 14,217 11,123 2020 £ 1,388 5,634 7,022 |
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THE PARK NEIGHBOURHOOD NURSERY
Detailed Income and Expenditure Account FOR THE YEAR ENDED 31 December 2021
| Sales Cost of sales Food and drink Toys and nursery equipment Other direct costs GROSS SURPLUS Other income Government grants Deposit account interest Expenditure Wages Pensions Rates and water Insurance Light and heat Workwear Telephone Post, stationery & IT costs Advertising Staff training Repairs and renewals Staff entertaining and welfare Cleaning and hygiene supplies Sundry expenses Accountancy Professional Fees Subscriptions Depreciation of tangible fixed assets Fixtures and fittings Finance costs Bank charges PAYE interest Interest payable NET SURPLUS |
2021 £ 29,344 15,162 2,174 12,155 1 333,388 12,996 2,797 1,704 12,246 937 4,401 1,625 4,019 3,667 17,030 1,268 6,567 188 990 6,160 404 4,739 483 - 1 |
£ 520,823 46,680 474,143 12,156 486,299 415,126 71,173 484 70,689 |
2020 £ 18,949 22,664 1,534 48,953 39 347,016 10,950 3,004 1,859 12,246 277 4,370 2,087 7,888 2,139 21,766 1,338 2,184 50 990 3,062 535 3,708 590 16 - |
£ 439,479 43,147 |
|---|---|---|---|---|
| 396,332 48,992 |
||||
| 445,324 425,469 |
||||
| 19,855 606 |
||||
| 19,249 |
This page does not form part of the statutory financial statements
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Signature Certificate
Reference number: CQFUM-EMNDQ-AJA85-JK7BT
Signer
Timestamp
Signature
Elizabeth Meadows
Email: lizzy.meadows@bristol.gov.uk Shared via link
Sent: Viewed: Signed:
02 Nov 2022 10:50:14 UTC 02 Nov 2022 10:51:58 UTC 02 Nov 2022 17:55:23 UTC
IP address: 193.35.234.102 Location: Bristol, United Kingdom
Document completed by all parties on: 02 Nov 2022 17:55:23 UTC
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