DIRECTORS REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
COMPANY NUMBER: 5871061
DIRECTOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2024
The directors present their report and the financial Statements for the year ended 31 March 2024.
Statement of director's responsibilities.
Company law requires the directors to prepare financial statements each financial year which give a true and fair view of the state of affairs of the company and of the profit and loss of the company for that given period. In preparing those financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping proper accounting records which will disclose with reasonable accuracy at any time the e financial position of the company and to enable him to ensure that the financial statements comply with the Companies Act 2006.He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Principal activities.
Educational activity and supervised play for children aged 2 to 5 years.
Rainbows income comes from parent fees, funding from Derbyshire County Council for 2,3 and 4 year old funded places along with voluntary contributions from parents to help with the cost of daily snacks.
Regular fundraising events are also organised such as summer and Christmas fayres, coffee mornings and small sponsored activities. Parents also have the option of purchasing T-shirts with the Rainbows logo, however these are not compulsory. Donations have also been received from parents and grandparents.
Small company exemption.
For the year ending 31 March 2024 the company was entitled to exemption from audit under Section 477 of the companies Act 2006 relating to small companies.
Signed on behalf of Rainbows Playgroup.
................................................................. Date .........................
ACCOUNTANTS' REPORT ON THE UNAUDITED ACCOUNTS TO THE DIRECTOR OF RAINBOWS PLAYGROUP
As described on the balance sheet you are responsible for the completion of the accounts for the year ended 31 March 2024, you consider that the company is exempt from an audit under Section 477 of the Companies Act 2006. In accordance with your instructions, we have compiled these undaudited accounts in order to assist you to fulfil your statutory responsibilities, from the accounting records and information supplied to us.
AJ Accounting Services 62 Castle Hill Eckington Sheffield S21 4AY
Date ..................................
SCHEDULE TO THE PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024
| TURNOVER Fees Received Fund Raising DCC Funding Other Income Grant ADMINISTRATION EXPENSES Wages & National Insurance Consumables Repairs and Renewals Printing, Stationery and Advertising Insurance Training Accountancy and professional Subscriptions Depreciation Rent / Utilities |
2024 9,528 1,467 38,516 3 0 49,863 43,646 909 0 0 635 0 415 35 18 5,225 50,883 -1,020 |
2023 8,600 1,169 30,594 0 0 |
|---|---|---|
| 40,363 | ||
| 35,004 1,063 99 0 591 228 350 0 24 5,384 |
||
| 42,967 | ||
| -2,604 |
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024
| TURNOVER Administration expenses OPERATING PROFIT / LOSS ADD INTEREST RECEIVED PROFIT/ LOSS FOR THE YEAR RETAINED PROFIT B/F REATINED PROFIT C/F |
2024 £ 49,863 50,883 -1,020 - -1,020 2,170 1,150 |
2023 £ 40,363 42,967 |
|---|---|---|
| -2,604 - |
||
| -2,604 4,774 |
||
| 2,170 |
Turnover and operating profit derive wholly from continuing operations.
There were no recognised gains and losses for 31 March 2024 other than those included in the profit and loss account.
The notes to accounts form part of these financial statements.
| FIXED ASSETS Tangible Fixed Assets CURRENT ASSETS Current Assets/ Bank/ Prepayments CREDITORS: Amounts falling due within 1 year/Accruals NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CAPITAL AND RESERVES Retained Profit and Loss Account SHAREHOLDERS' FUNDS |
BALANCE SHEET AS AT 31 MARCH 2024 2024 £ £ 55 - 1,405 1,405 310 1,150 1,150 1,150 1,150 |
2023 £ - 2,121 |
£ 73 2,194 |
|---|---|---|---|
| 1,405 | 2,121 | ||
| 310 | |||
| 2,194 | |||
| 2,194 | |||
| 2,194 |
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain and audit in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
| FIXTURES | |||
|---|---|---|---|
| & | COMPUTER | ||
| TANGIBLE | |||
| ASSETS | FITTINGS | EQUIPMENT | TOTAL |
| £ | £ | £ | |
| Cost B/F | 2003 | 3821 | 5824 |
| Additions | 0 | ||
| At 31 March 2022 | 2003 | 3821 | 5824 |
| Depreciation B/F | 1930 | 3821 | 5751 |
| Charge for year | 18 | 0 | 18 |
| At 31 March 2024 | 1948 | 3821 | 5769 |
| Net Book Value | |||
| At 31 March 2023 | 73 | 0 | 73 |
| Net Book Value | |||
| At 31 March 2024 | 55 | 0 | 55 |