||**Trustees' Annual Report**|**Trustees' Annual Report**|**Trustees' Annual Report**|**Trustees' Annual Report**|**Trustees' Annual Report**|**for theperiod**|**for theperiod**|**for theperiod**|
|---|---|---|---|---|---|---|---|---|
||**From**|Period start date|||**To**|Period end date|||
|||01|09|2021||31|08|2022|
## Section A Reference and administration details
**Charity name** Ullesthorpe Pre-School Ltd
**Other names charity is known by**
**Registered charity number (if any)** 1112729
**Charity's principal address** Main Street Ullesthorpe, Lutterworth, Leicestershire **Postcode** LE17 5DH
## **Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Christian Bean||Whole Year||
||Nicola Claire
Jenkins||29/07/20 to Present||
||Ruth Thompson||29/07/20 to Present||
||Christina
Mactaggart||5/08/2020 to present||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
**Names of the trustees for the charity, if any, (for example, any custodian trustees)**
**TAR**
October 2022
1
**Name Dates acted if not for whole year**
## **Names and addresses of advisers (Optional information)**
|**Type of adviser**|**Name**
**Address**|**Name**
**Address**|
|---|---|---|
|**District Councillor**|Rosita Page|LCC|
|**Early Years**|Jo Fisher|LCC|
|**Business Development**|Praksha Bathia|LCC|
|**Local Authority Early**
**Years Improvement**
**Adviser**|Kathryn Liles-Taylor|LCC|
|**Name of chief executive or names of senior staff members (Optional information)**|||
||||
## **Section B Structure, governance and management**
## **Description of the charity’s trusts**
Memorandum and Articles of Association Type of governing document (eg. trust deed, constitution) Company How the charity is constituted (eg. trust, association, company) Appointed by current members of the Committee / Trustees Trustee selection methods (eg. appointed by, elected by)
## **Additional governance issues (Optional information)**
|You**may choose**to include
additional information, where
relevant, about:|You**may choose**to include
additional information, where
relevant, about:|Trustees complete DBS checks in line with statutory requirements.
Trustees meet regularly (at least once a month), are in daily email
contact and work collaboratively on all aspects of the role. Induction
and training takes place as part of our regular meetings.|
|---|---|---|
||policies and procedures||
||adopted for the induction and|The work of the Ullesthorpe Pre-School is|
||training of trustees;|overseen by a voluntary management committee. The Pre-School|
||the charity’s organisational
structure and any wider|management structure consists of one Childcare Manager, one Deputy
Manager and three Nursery Practitioner and one casual member of staff.|
||network with which the charity
works;|The Pre-School works regularly with a
number of LCC professionals, namely an Early Years Inclusion|
||relationship with any related|Advisor and Business Development Adviser.|
||parties;||
||trustees’ consideration of
major risks and the system
and procedures to manage|Our Pre-School is on the site of the Ullesthorpe Primary School
and, although we are a separate body, the Trustees are in regular contact
to discuss ideas.|
||them.||
|||Trustees give their time for free and receive no financial benefit.|
|||The environment is checked daily for H&S risk and we use risk|
**TAR**
October 2022
2
assessments in relation to trips, activities and equipment.
## **Section C Objectives and activities**
|**Summary of the objects of the**
**charity set out in its**
**governing document**
**Summary of the main**
**activities undertaken for the**
**public benefit in relation to**
**these objects (include within**
**this section the statutory**
**declaration that trustees have**
**had regard to the guidance**
**issued by the Charity**
**Commission on public**
**benefit)**|The charity works for the public benefit having as its objective the
development and education of children and young people, in
particular by:
(1) promoting their care and safety,
(2) promoting their education and promoting parental involvement,
(3) promoting their health and wellbeing,
(4) providing services to support them and their families and
carers, and
(5) furthering the aims of the Pre-School Learning Alliance|
|---|---|
||In all of our decisions we (the trustees) have regard to the guidance
issued by the Charity Commission on public benefit.
Our main activity is to deliver, within our fully inclusive setting for
2–5 year olds, the Early Year Foundation Stage. In order to do this
we employ childcare managers and practitioners who undertake
joint daily planning of activities to meet the needs and interests of
the children attending our setting.
We deploy a key person approach to ensure that the progress and well-
being of all individual children is constantly monitored and feeds into
future planning. We ensure that our staff are well trained and hence able
to successfully meet the needs of the children in our care.
We promote the importance of the learning environment and
endeavour to make this as stimulating as possible. We listen to the
views of children, parents and staff and use this feedback to inform
our improvement work. We accurately assess our children and
provide this information to LCC as requested. We develop positive
relationships with parents and carers and invite them into our
setting as observers or helpers. We value all children as individuals
and celebrate Britain’s diversity of culture and ethnicity. We help the
children in our care to be happy and healthy.
We have policies and procedures in place for all aspects of safeguarding,
child protection and health and safety, and we use staff training days and
meetings to ensure all staff are fluent in these. We follow the
recommendations offered by our LCC improvement advisor and
the guidance available from the Pre-School Learning Alliance.|
## **Additional details of objectives and activities (Optional information)**
**TAR**
October 2022
3
Unfortunately due to Covid we have been unable to do much fundraising, however we have ideas to for future events, where possible. All events raise money, enabling us to purchase new and exciting learning resources for the children such as an outdoor garden area and a sandpit.
We actively look for improvements do the Preschool Building, applying for local grants, where possible.
You **may choose** to include further statements, where relevant, about:
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
## Section D Achievements and performance
**TAR**
October 2022
4
Section D Achievements and performance
**Summary of the main** We have worked hard to progress via local adverts and word of mouth to **achievements of the charity** increase the number of children attending our setting and the number of **during the year** sessions attended by children, to improve the financial stability of the PreSchool.
We have worked with our LCC Improvement Partner to further improve the learning environment and our ability to meet the needs of two-year-olds attending our setting. We have updated all job descriptions and employee handbook to ensure that these are aligned with the recommendations of the PLA and meet the needs of our setting. Policies are regularly reviewed and updated where required.
**TAR**
October 2022
5
## **Section E Financial review**
We currently hold a sum of just over £5000 in our business bank account, **Brief statement of the** this fund is our reserves. **charity’s policy on reserves**
**Details of any funds materially** No funds are materially in deficit currently **in deficit**
## **Further financial review details (Optional information)**
The charity’s principal sources of funds are fees collected from You **may choose** to include children (mainly aged 2 years) attending the Pre-School and additional information, where income received from LCC for those children aged 3 and above relevant about: who are entitled to funded sessions.
- the charity’s principal sources of funds (including any fundraising);
Our main expenditure is wages for our childcare staff who deliver any fundraising); the EYFS and enable us to meet the key objectives of the charity. how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.
## **Section F Other optional information**
In August 2022 it was brought to our attention that there were no monies in the account, upon further investigations it was found that we have been a victim of significant fraudulent activity which was reported to the bank, charity commission (incident number 554547 CRM: 0458194) and police. This investigation is still ongoing to identify the full extent and time scale of the fraud to allow authorities and involved bodies to hopefully identify the persons or organisations allegedly responsible.
## **Section G Declaration**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s)**
**Full name(s)** Ruth Thompson **Position (eg Secretary, Chair,** Chairman **etc) Date** 10th October 2022
**TAR**
October 2022
6
## **REPORT OF THE DIRECTORS AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022**
## **FOR**
**ULLESTHORPE PRE-SCHOOL LIMITED**
**ULLESTHORPE PRE-SCHOOL LIMITED**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022**
||**Page**|
|---|---|
|**Company Information**|1|
|**Report of the Directors**|2|
|**Income Statement**|3|
|**Balance Sheet**|4|
|**Notes to the Financial Statements**|5|
|**Chartered Accountants' Report**|7|
|**Trading and Profit and Loss Account**|8|
**ULLESTHORPE PRE-SCHOOL LIMITED**
## **COMPANY INFORMATION FOR THE YEAR ENDED 31 AUGUST 2022**
## **DIRECTORS:**
Miss A Gallacher Mrs K Navaratne M K Navaratne Mrs R Thompson
## **REGISTERED OFFICE:**
Main Street Ullesthorpe Lutterworth Leicestershire LE17 5DH
## **REGISTERED NUMBER:**
05537726 (England and Wales)
## **ACCOUNTANTS:**
PWH Accountancy Ltd The Counting House High Street Lutterworth Leicestershire LE17 4AY
Page 1
**ULLESTHORPE PRE-SCHOOL LIMITED**
## **REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 AUGUST 2022**
The directors present their report with the financial statements of the company for the year ended 31 August 2022.
## **DIRECTOR**
C K C Bean held office from 1 September 2021 until after 31 August 2022 but prior to the date of this report. Miss A Gallacher, Mrs K Navaratne, M K Navaratne and Mrs R Thompson were appointed as directors after 31 August 2022 but prior to the date of this report.
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:**
Mrs R Thompson - Director
16 August 2023
Page 2
## **ULLESTHORPE PRE-SCHOOL LIMITED**
## **INCOME STATEMENT FOR THE YEAR ENDED 31 AUGUST 2022**
|||31.8.22|31.8.21|
|---|---|---|---|
||Notes|£|£|
|**TURNOVER**||94,736|64,972|
|Cost of sales||13,433|-|
|**GROSS PROFIT**||81,303|64,972|
|Administrative expenses||88,138|63,536|
|**OPERATING (LOSS)/PROFIT**|4|(6,835)|1,436|
|Interest receivable and similar income||1|3|
|**(LOSS)/PROFIT BEFORE TAXATION**||(6,834)|1,439|
|Tax on (loss)/profit||-|-|
|**(LOSS)/PROFIT FOR THE FINANCIAL**||||
|**YEAR**||(6,834)|1,439|
The notes form part of these financial statements
Page 3
**ULLESTHORPE PRE-SCHOOL LIMITED (REGISTERED NUMBER: 05537726)**
## **BALANCE SHEET 31 AUGUST 2022**
|Notes
**FIXED ASSETS**
Tangible assets
5
**CURRENT ASSETS**
Debtors
6
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
7
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**RESERVES**
Retained earnings|31.8.22
£
11,495
11,240
22,735
4,070|£
834
18,665
19,499
19,499
19,499|31.8.21
£
1,008
25,378
26,386
720|£
667
25,666|
|---|---|---|---|---|
|||||26,333|
|||||26,333|
|||||26,333|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 profit or loss 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 16 August 2023 and were signed on its behalf by:
Mrs R Thompson - Director
The notes form part of these financial statements
Page 4
**ULLESTHORPE PRE-SCHOOL LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022**
## 1. **STATUTORY INFORMATION**
Ullesthorpe Pre-School Limited is a private company, 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.
Fixtures and fittings - 33% on reducing balance Computer equipment - 33% on cost
## **Taxation**
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 8 (2021 - 4).
Page 5
continued...
**ULLESTHORPE PRE-SCHOOL LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022**
## 4. **OPERATING (LOSS)/PROFIT**
The operating loss (2021 - operating profit) is stated after charging:
||||31.8.22|31.8.21|
|---|---|---|---|---|
||||£|£|
||Depreciation - owned assets||991|666|
|5.|**TANGIBLE FIXED ASSETS**||||
|||Fixtures|||
|||and|Computer||
|||fittings|equipment|Totals|
|||£|£|£|
||**COST**||||
||At 1 September 2021|4,164|-|4,164|
||Additions|720|438|1,158|
||At 31 August 2022|4,884|438|5,322|
||**DEPRECIATION**||||
||At 1 September 2021|3,497|-|3,497|
||Charge for year|846|145|991|
||At 31 August 2022|4,343|145|4,488|
||**NET BOOK VALUE**||||
||At 31 August 2022|541|293|834|
||At 31 August 2021|667|-|667|
|6.|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||31.8.22|31.8.21|
||||£|£|
||Other debtors||11,495|1,008|
|7.|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||31.8.22|31.8.21|
||||£|£|
||Bank loans and overdrafts||349|-|
||Trade creditors||899|720|
||Social security and other taxes||2,399|-|
||Pension||423|-|
||||4,070|720|
Page 6
## **CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED FINANCIAL STATEMENTS OF ULLESTHORPE PRE-SCHOOL LIMITED**
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ullesthorpe Pre-School Limited for the year ended 31 August 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Ullesthorpe Pre-School Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ullesthorpe Pre-School Limited and state those matters that we have agreed to state to the Board of Directors of Ullesthorpe Pre-School Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ullesthorpe Pre-School Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Ullesthorpe Pre-School Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ullesthorpe Pre-School Limited. You consider that Ullesthorpe Pre-School Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Ullesthorpe Pre-School Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
PWH Accountancy Ltd The Counting House High Street Lutterworth Leicestershire LE17 4AY
16 August 2023
This page does not form part of the statutory financial statements
Page 7
## **ULLESTHORPE PRE-SCHOOL LIMITED**
## **TRADING AND PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2022**
|**Turnover**
Fees
Fundraising
Grants received
**Cost of sales**
Purchases
**GROSS PROFIT**
**Other income**
Interest Receivable
**Expenditure**
Rent
Rates and water
Insurance
Light and heat
Wages
Social security
Pensions
Telephone
Post and stationery
Advertising
Computer expenses
Repairs and renewals
Household and cleaning
Training and support
Sundry expenses
Accountancy
Subscriptions
Legal fees
**Depreciation**
Fixtures and fittings
Computer equipment
**NET (LOSS)/PROFIT**|31.8.22
£
19,531
3,735
71,470
63
4,211
-
-
72,864
1,192
1,191
864
2,141
168
474
166
891
16
130
990
1,736
50
846
145|£
94,736
13,433
81,303
1
81,304
87,147
(5,843)
991
(6,834)|31.8.21
£
7,267
-
57,705
3,220
146
375
3,073
39,465
3,096
-
820
3,097
191
-
99
1,829
1,525
58
1,861
1,930
2,085
666
-|£
64,972
-|
|---|---|---|---|---|
|||||64,972
3|
|||||64,975
62,870|
|||||2,105
666|
|||||1,439|
This page does not form part of the statutory financial statements
Page 8
## **REPORT OF THE DIRECTORS AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022**
## **FOR**
**ULLESTHORPE PRE-SCHOOL LIMITED**
**ULLESTHORPE PRE-SCHOOL LIMITED**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022**
||**Page**|
|---|---|
|**Company Information**|1|
|**Report of the Directors**|2|
|**Income Statement**|3|
|**Balance Sheet**|4|
|**Notes to the Financial Statements**|5|
|**Chartered Accountants' Report**|7|
|**Trading and Profit and Loss Account**|8|
**ULLESTHORPE PRE-SCHOOL LIMITED**
## **COMPANY INFORMATION FOR THE YEAR ENDED 31 AUGUST 2022**
## **DIRECTORS:**
Miss A Gallacher Mrs K Navaratne M K Navaratne Mrs R Thompson
## **REGISTERED OFFICE:**
Main Street Ullesthorpe Lutterworth Leicestershire LE17 5DH
## **REGISTERED NUMBER:**
05537726 (England and Wales)
## **ACCOUNTANTS:**
PWH Accountancy Ltd The Counting House High Street Lutterworth Leicestershire LE17 4AY
Page 1
**ULLESTHORPE PRE-SCHOOL LIMITED**
## **REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 AUGUST 2022**
The directors present their report with the financial statements of the company for the year ended 31 August 2022.
## **DIRECTOR**
C K C Bean held office from 1 September 2021 until after 31 August 2022 but prior to the date of this report. Miss A Gallacher, Mrs K Navaratne, M K Navaratne and Mrs R Thompson were appointed as directors after 31 August 2022 but prior to the date of this report.
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:**
Mrs R Thompson - Director
16 August 2023
Page 2
## **ULLESTHORPE PRE-SCHOOL LIMITED**
## **INCOME STATEMENT FOR THE YEAR ENDED 31 AUGUST 2022**
|||31.8.22|31.8.21|
|---|---|---|---|
||Notes|£|£|
|**TURNOVER**||94,736|64,972|
|Cost of sales||13,433|-|
|**GROSS PROFIT**||81,303|64,972|
|Administrative expenses||88,138|63,536|
|**OPERATING (LOSS)/PROFIT**|4|(6,835)|1,436|
|Interest receivable and similar income||1|3|
|**(LOSS)/PROFIT BEFORE TAXATION**||(6,834)|1,439|
|Tax on (loss)/profit||-|-|
|**(LOSS)/PROFIT FOR THE FINANCIAL**||||
|**YEAR**||(6,834)|1,439|
The notes form part of these financial statements
Page 3
**ULLESTHORPE PRE-SCHOOL LIMITED (REGISTERED NUMBER: 05537726)**
## **BALANCE SHEET 31 AUGUST 2022**
|Notes
**FIXED ASSETS**
Tangible assets
5
**CURRENT ASSETS**
Debtors
6
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
7
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**RESERVES**
Retained earnings|31.8.22
£
11,495
11,240
22,735
4,070|£
834
18,665
19,499
19,499
19,499|31.8.21
£
1,008
25,378
26,386
720|£
667
25,666|
|---|---|---|---|---|
|||||26,333|
|||||26,333|
|||||26,333|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 profit or loss 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 16 August 2023 and were signed on its behalf by:
Mrs R Thompson - Director
The notes form part of these financial statements
Page 4
**ULLESTHORPE PRE-SCHOOL LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022**
## 1. **STATUTORY INFORMATION**
Ullesthorpe Pre-School Limited is a private company, 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.
Fixtures and fittings - 33% on reducing balance Computer equipment - 33% on cost
## **Taxation**
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 8 (2021 - 4).
Page 5
continued...
**ULLESTHORPE PRE-SCHOOL LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022**
## 4. **OPERATING (LOSS)/PROFIT**
The operating loss (2021 - operating profit) is stated after charging:
||||31.8.22|31.8.21|
|---|---|---|---|---|
||||£|£|
||Depreciation - owned assets||991|666|
|5.|**TANGIBLE FIXED ASSETS**||||
|||Fixtures|||
|||and|Computer||
|||fittings|equipment|Totals|
|||£|£|£|
||**COST**||||
||At 1 September 2021|4,164|-|4,164|
||Additions|720|438|1,158|
||At 31 August 2022|4,884|438|5,322|
||**DEPRECIATION**||||
||At 1 September 2021|3,497|-|3,497|
||Charge for year|846|145|991|
||At 31 August 2022|4,343|145|4,488|
||**NET BOOK VALUE**||||
||At 31 August 2022|541|293|834|
||At 31 August 2021|667|-|667|
|6.|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||31.8.22|31.8.21|
||||£|£|
||Other debtors||11,495|1,008|
|7.|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||31.8.22|31.8.21|
||||£|£|
||Bank loans and overdrafts||349|-|
||Trade creditors||899|720|
||Social security and other taxes||2,399|-|
||Pension||423|-|
||||4,070|720|
Page 6
## **CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED FINANCIAL STATEMENTS OF ULLESTHORPE PRE-SCHOOL LIMITED**
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ullesthorpe Pre-School Limited for the year ended 31 August 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Ullesthorpe Pre-School Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ullesthorpe Pre-School Limited and state those matters that we have agreed to state to the Board of Directors of Ullesthorpe Pre-School Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ullesthorpe Pre-School Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Ullesthorpe Pre-School Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ullesthorpe Pre-School Limited. You consider that Ullesthorpe Pre-School Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Ullesthorpe Pre-School Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
PWH Accountancy Ltd The Counting House High Street Lutterworth Leicestershire LE17 4AY
16 August 2023
This page does not form part of the statutory financial statements
Page 7
## **ULLESTHORPE PRE-SCHOOL LIMITED**
## **TRADING AND PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2022**
|**Turnover**
Fees
Fundraising
Grants received
**Cost of sales**
Purchases
**GROSS PROFIT**
**Other income**
Interest Receivable
**Expenditure**
Rent
Rates and water
Insurance
Light and heat
Wages
Social security
Pensions
Telephone
Post and stationery
Advertising
Computer expenses
Repairs and renewals
Household and cleaning
Training and support
Sundry expenses
Accountancy
Subscriptions
Legal fees
**Depreciation**
Fixtures and fittings
Computer equipment
**NET (LOSS)/PROFIT**|31.8.22
£
19,531
3,735
71,470
63
4,211
-
-
72,864
1,192
1,191
864
2,141
168
474
166
891
16
130
990
1,736
50
846
145|£
94,736
13,433
81,303
1
81,304
87,147
(5,843)
991
(6,834)|31.8.21
£
7,267
-
57,705
3,220
146
375
3,073
39,465
3,096
-
820
3,097
191
-
99
1,829
1,525
58
1,861
1,930
2,085
666
-|£
64,972
-|
|---|---|---|---|---|
|||||64,972
3|
|||||64,975
62,870|
|||||2,105
666|
|||||1,439|
This page does not form part of the statutory financial statements
Page 8