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2023-07-31-accounts

Company registration number: 05460621

Sutton ST James Pre-School Ltd

Unaudited financial statements

31 July 2023

Sutton ST James Pre-School Ltd

Contents

Page
Directors and other information 1
Directors report 2
Statement of comprehensive income 3
Statement of financial position 4 - 5
Statement of changes in equity 6
Notes to the financial statements 7 - 9

Sutton ST James Pre-School Ltd

Directors and other information

Directors Ms Mili-Anne Bhatia Ms Sally Rebecca Egerton (Resigned 25 May 2023) Ms Kirsty Emma Windsor Company number 05460621 Registered office Hollinhey Primary School Bell Avenue Sutton Cheshire SK11 0EE Accountants Hulme Accountants 38 Beechfield House Lyme Green Business Park Macclesfield Cheshire SK11 0LP

Sutton ST James Pre-School Ltd

Directors report Year ended 31 July 2023

The directors present their report and the unaudited financial statements of the company for the year ended 31 July 2023.

Directors

The directors who served the company during the year were as follows:

Ms Mili-Anne Bhatia Ms Sally Rebecca Egerton (Resigned 25 May 2023) Ms Kirsty Emma Windsor

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 30 April 2024 and signed on behalf of the board by:

Ms Mili-Anne Bhatia Director

Sutton ST James Pre-School Ltd

Statement of comprehensive income Year ended 31 July 2023

2023
Note
£
Turnover
133,163
Cost of sales
)
(3,353
Gross profit
129,810
Administrative expenses
)
(103,883
Operating profit
25,927
Interest payable and similar expenses
)
(7
Profit before taxation
5
25,920
Tax on profit
-
Profit for the financial year and total
comprehensive income
25,920		 2022
£
102,599
)
(1,901
100,698
)
(83,945
16,753
)
(122
16,631
-
16,631

All the activities of the company are from continuing operations.

The notes on pages 7 to 9 form part of these financial statements.

Sutton ST James Pre-School Ltd

Statement of financial position 31 July 2023

Note
Fixed assets
Tangible assets
6
Current assets
Cash at bank and in hand
Creditors: amounts falling due
within one year
7
Net current assets
Total assets less current liabilities
Net assets
Capital and reserves
Profit and loss account
Shareholders funds		 2023
£
£
1,773
1,773
87,305
87,305
)
(5,295
82,010
83,783
83,783
83,783
83,783		 2022
£
£
1,574
1,574
61,304
61,304
)
(5,011
56,293
57,867
57,867
57,867
57,867		 2022
£
£
1,574
1,574
61,304
61,304
)
(5,011
56,293
57,867
57,867
57,867
57,867
57,867
57,867
57,867
57,867

For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

The notes on pages 7 to 9 form part of these financial statements.

Sutton ST James Pre-School Ltd

Statement of financial position (continued) 31 July 2023

These financial statements were approved by the board of directors and authorised for issue on 30 April 2024, and are signed on behalf of the board by:

Ms Mili-Anne Bhatia Director

Company registration number: 05460621

The notes on pages 7 to 9 form part of these financial statements.

Sutton ST James Pre-School Ltd

Statement of changes in equity Year ended 31 July 2023

Profit and
loss
account
£
At 1 August 2021
41,236
Profit for the year
16,631
Total comprehensive income for the year
16,631
At 31 July 2022 and 1 August 2022
57,863
Profit for the year
25,920
Total comprehensive income for the year
25,920
At 31 July 2023
83,783		 Total
£
41,236
16,631
16,631
57,863
25,920
25,920
83,783

Sutton ST James Pre-School Ltd

Notes to the financial statements Year ended 31 July 2023

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Study Centre, Hollinhey Primary School, Bell Avenue, Sutton, Cheshire, SK11 0EE.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Sutton ST James Pre-School Ltd

Notes to the financial statements (continued) Year ended 31 July 2023

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2022: 8).

5. Profit before taxation

Profit before taxation is stated after charging/(crediting):

2023 2022 £ £ Depreciation of tangible assets 366 737

Sutton ST James Pre-School Ltd

Notes to the financial statements (continued) Year ended 31 July 2023

6. Tangible assets

Fixtures,
fittings and
equipment
£
Cost
At 1 August 2022
3,685
Additions
564
At 31 July 2023
4,249
Depreciation
At 1 August 2022
2,110
Charge for the year
366
At 31 July 2023
2,476
Carrying amount
At 31 July 2023
1,773
At 31 July 2022
1,575
7.
Creditors: amounts falling due within one year
2023
£
Social security and other taxes
2,779
Other creditors
2,516
5,295		 Total
£
3,685
564
4,249
2,110
366
2,476
1,773
1,575
2022
£
3,520
1,491
5,011

Sutton ST James Pre-School Ltd

Detailed income statement
Year ended 31 July 2023
2023
£
Turnover
Sales
133,163
133,163
Cost of sales
Purchases
)
(3,353
)
(3,353
Gross profit
129,810
Gross profit percentage
%
97.5
Overheads
Administrative expenses
Wages and salaries
)
(78,015
Staff pension costs - defined contribution
)
(869
Staff training
)
(1,179
Rent payable
)
(11,400
Insurance
)
(791
Cleaning
)
(42
Repairs and maintenance
)
(22
Printing, postage and stationery
)
(723
Telephone
)
(729
Computer costs
)
(2,052
Travelling and entertainment
)
(1,226
Legal and professional
)
(1,125
Consultancy fees
)
(193
Accountancy fees
)
(949
Bank charges
)
(305
General expenses
)
(3,749
Charitable donations - type 1
11
Charitable donations - type 2
-
Subscriptions
)
(159
Depreciation of tangible assets
)
(366
)
(103,883
Operating profit
25,927
Operating profit percentage
%
19.5
Interest payable and similar expenses
)
(7
Profit before taxation
25,920		 2022
£
102,599
102,599
)
(1,901
)
(1,901
100,698
%
98.1
)
(60,037
)
(794
)
(640
)
(11,412
)
(772
)
(60
)
(323
)
(222
)
(211
)
(1,265
)
(1,008
)
(1,100
-
)
(749
)
(21
4
)
(4,462
)
(35
)
(101
)
(737
)
(83,945
16,753
%
16.3
)
(122
16,631