## **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 Page 1 of 9 **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 Page 2 of 9 **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 1 Document Ref: CQFUM-EMNDQ-AJA85-JK7BT Page 3 of 9 **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 2 Document Ref: CQFUM-EMNDQ-AJA85-JK7BT Page 4 of 9 ## **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 3 Document Ref: CQFUM-EMNDQ-AJA85-JK7BT Page 5 of 9 **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 4 Document Ref: CQFUM-EMNDQ-AJA85-JK7BT Page 6 of 9 **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. 2. **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| 5 Document Ref: CQFUM-EMNDQ-AJA85-JK7BT Page 7 of 9 **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| |||| 6 Document Ref: CQFUM-EMNDQ-AJA85-JK7BT Page 8 of 9 **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 7 Document Ref: CQFUM-EMNDQ-AJA85-JK7BT Page 9 of 9 ## **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 Page 1 of 1 ## **Signed with PandaDoc** PandaDoc is a document workflow and certified eSignature solution trusted by 30,000+ companies worldwide.