Company registration number: 05460621
Sutton ST James Pre-School Ltd
Unaudited financial statements
31 July 2024
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 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 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31 July 2024.
Directors
The directors who served the company during the year were as follows:
Ms Mili-Anne Bhatia 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 2025 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 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Turnover | 135,110 | 133,163 | |
| Cost of sales | ) (4,811 |
) (3,353 |
|
| Gross profit | 130,299 | 129,810 | |
| Administrative expenses | ) (138,734 |
) (103,883 |
|
| Operating (loss)/profit | ) (8,435 |
25,927 | |
| Other interest receivable and similar income | 1,050 | - | |
| Interest payable and similar expenses | - | ) (7 |
|
| (Loss)/profit before taxation | 5 | ) (7,385 |
25,920 |
| Tax on (loss)/profit | - | - | |
| (Loss)/profit for the financial year and total | |||
| comprehensive income | ) (7,385 |
25,920 |
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 2024
| Note Fixed assets Tangible assets 6 Current assets Debtors 7 Cash at bank and in hand Creditors: amounts falling due within one year 8 Net current assets Total assets less current liabilities Net assets Capital and reserves Profit and loss account Shareholders funds |
2024 £ £ 1,914 1,914 3,000 81,890 84,890 ) (10,405 74,485 76,399 76,399 76,399 76,399 |
2023 £ £ 1,773 1,773 - 87,305 87,305 ) (5,295 82,010 83,783 83,783 83,783 83,783 |
2023 £ £ 1,773 1,773 - 87,305 87,305 ) (5,295 82,010 83,783 83,783 83,783 83,783 |
|---|---|---|---|
| 83,783 | |||
| 83,783 | |||
| 83,783 | |||
| 83,783 |
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 2024
These financial statements were approved by the board of directors and authorised for issue on 30 April 2025, 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 2024
| Profit and loss account £ At 1 August 2022 57,863 (Loss)/profit for the year 25,920 Total comprehensive income for the year 25,920 At 31 July 2023 and 1 August 2023 83,784 (Loss)/profit for the year ) (7,385 Total comprehensive income for the year ) (7,385 At 31 July 2024 76,399 |
Total £ 57,863 25,920 25,920 83,784 ) (7,385 ) (7,385 76,399 |
|---|---|
Sutton ST James Pre-School Ltd
Notes to the financial statements Year ended 31 July 2024
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 2024
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 (2023: 10).
5. Loss/profit before taxation
Loss/profit before taxation is stated after charging/(crediting):
2024 2023 £ £ Depreciation of tangible assets 478 366
Sutton ST James Pre-School Ltd
Notes to the financial statements (continued) Year ended 31 July 2024
6. Tangible assets
| Fixtures, fittings and equipment £ Cost At 1 August 2023 4,249 Additions 618 At 31 July 2024 4,867 Depreciation At 1 August 2023 2,475 Charge for the year 478 At 31 July 2024 2,953 Carrying amount At 31 July 2024 1,914 At 31 July 2023 1,774 7. Debtors 2024 £ Other debtors 3,000 8. Creditors: amounts falling due within one year 2024 £ Trade creditors 1,752 Social security and other taxes 6,943 Other creditors 1,710 10,405 |
Total £ 4,249 618 |
|---|---|
| 4,867 | |
| 2,475 478 |
|
| 2,953 | |
| 1,914 | |
| 1,774 | |
| 2023 £ - 2023 £ - 2,779 2,516 5,295 |
Sutton ST James Pre-School Ltd
| Detailed income statement | ||
|---|---|---|
| Year ended 31 July 2024 | ||
| 2024 | 2023 | |
| £ | £ | |
| Turnover | ||
| Sales | 135,110 | 133,163 |
| 135,110 | 133,163 | |
| Cost of sales | ||
| Purchases | ) (4,811 |
) (3,353 |
| ) (4,811 |
) (3,353 |
|
| Gross profit | 130,299 | 129,810 |
| Gross profit percentage | % 96.4 |
% 97.5 |
| Overheads | ||
| Administrative expenses | ||
| Wages and salaries | ) (105,375 |
) (78,015 |
| Employer's social security contributions | ) (2,083 |
- |
| Staff pension costs - defined contribution | ) (1,787 |
) (869 |
| Staff training | ) (821 |
) (1,179 |
| Rent payable | ) (12,873 |
) (11,400 |
| Insurance | ) (916 |
) (791 |
| Cleaning | ) (127 |
) (42 |
| Repairs and maintenance | ) (867 |
) (22 |
| Printing, postage and stationery | ) (725 |
) (723 |
| Telephone | ) (1,272 |
) (729 |
| Computer costs | ) (2,413 |
) (2,052 |
| Travelling and entertainment | ) (1,147 |
) (1,226 |
| Legal and professional | ) (1,811 |
) (1,125 |
| Consultancy fees | ) (1,384 |
) (193 |
| Accountancy fees | ) (1,771 |
) (949 |
| Bank charges | ) (535 |
) (305 |
| General expenses | ) (2,194 |
) (3,749 |
| Charitable donations - type 1 | ) (25 |
11 |
| Subscriptions | ) (130 |
) (159 |
| Depreciation of tangible assets | ) (478 |
) (366 |
| ) (138,734 |
) (103,883 |
|
| Operating (loss)/profit | ) (8,435 |
25,927 |
| Operating (loss)/profit percentage | % 6.2 |
% 19.5 |
| Other interest receivable and similar income | 1,050 | - |
| Interest payable and similar expenses | - | ) (7 |
| (Loss)/profit before taxation | ) (7,385 |
25,920 |
Sutton ST James Pre-School Ltd
Detailed income statement (continued) Year ended 31 July 2024
2024 2023 £ £