Report of the Directors and
Unaudited Financial Statements for the Year Ended 31 March 2021
for
Essex Road Pre-school
Essex Road Pre-school
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 6 |
| Report of the Accountants | 8 |
| Detailed Income and Expenditure Account | 9 |
Essex Road Pre-school
Company Information for the Year Ended 31 March 2021
DIRECTORS: Mrs J Motamedi Mrs C Turner SECRETARY: Mrs K Doolan REGISTERED OFFICE: Sir Walter Sickert Community Centre Canonbury Crescent Islington London N1 2FE REGISTERED NUMBER: 07188431 ACCOUNTANTS: SW&A Accountants Unit 14 Elgar Business Centre Moseley Road Worcester Worcestershire WR2 6NJ
Page 1
Essex Road Pre-school
Report of the Directors
for the Year Ended 31 March 2021
The directors present their report with the financial statements of the company for the year ended 31 March 2021.
DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2020 to the date of this report.
Mrs J Motamedi Mrs C Turner
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 C Turner - Director
24 November 2021
Page 2
Essex Road Pre-school
Income Statement
for the Year Ended 31 March 2021
| Notes TURNOVER Cost of sales GROSS SURPLUS Administrative expenses OPERATING DEFICIT and DEFICIT BEFORE TAXATION Tax on deficit DEFICIT FOR THE FINANCIAL YEAR |
31.3.21 £ 87,619 3,675 83,944 112,721 (28,777) 810 (29,587) |
31.3.20 £ 109,511 3,554 105,957 115,866 (9,909) - (9,909) |
|---|---|---|
The notes form part of these financial statements
Page 3
Essex Road Pre-school (Registered number: 07188431)
Balance Sheet
31 March 2021
| Balance Sheet 31 March 2021 |
||||
|---|---|---|---|---|
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Debtors 6 Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES PROVISIONS FOR LIABILITIES NET ASSETS RESERVES Income and expenditure account |
31.3.21 £ - 14,415 14,415 11,038 |
£ 4,263 3,377 7,640 810 6,830 6,830 6,830 |
31.3.20 £ 6,426 35,671 42,097 10,722 |
£ 5,042 31,375 |
| 36,417 - |
||||
| 36,417 | ||||
| 36,417 | ||||
| 36,417 |
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 notes form part of these financial statements
Page 4
continued...
Essex Road Pre-school (Registered number: 07188431)
Balance Sheet - continued
31 March 2021
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 24 November 2021 and were signed on its behalf by:
Mrs C Turner - Director
Mrs J Motamedi - Director
The notes form part of these financial statements
Page 5
Essex Road Pre-school
Notes to the Financial Statements
for the Year Ended 31 March 2021
1. STATUTORY INFORMATION
Essex Road Pre-school is a private company, limited by guarantee , registered in Not specified/Other. 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 - 50% on cost and 20% on reducing balance
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.
Page 6
continued...
Essex Road Pre-school
Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
3. EMPLOYEES AND DIRECTORS
The average number of employees during the year was 5 (2020 - NIL ) .
4. OPERATING DEFICIT
The operating deficit is stated after charging:
| Depreciation - owned assets 5. TANGIBLE FIXED ASSETS COST At 1 April 2020 Additions At 31 March 2021 DEPRECIATION At 1 April 2020 Charge for year At 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors |
31.3.21 31.3.20 £ £ 1,138 1,500 Plant and machinery etc £ 13,550 359 13,909 8,508 1,138 9,646 4,263 5,042 31.3.21 31.3.20 £ £ - 6,426 31.3.21 31.3.20 £ £ 75 303 588 - 10,375 10,419 11,038 10,722 |
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Page 7
Essex Road Pre-school
Report of the Accountants to the Directors of
Essex Road Pre-school
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2021 set out on pages three to seven and you consider that the company is exempt from an audit.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
SW&A Accountants Unit 14 Elgar Business Centre Moseley Road Worcester Worcestershire WR2 6NJ
24 November 2021
This page does not form part of the statutory financial statements
Page 8
Essex Road Pre-school
Detailed Income and Expenditure Account
for the Year Ended 31 March 2021
| Turnover Fees Milk Rebate NEG Grants 2 Year Old 3/4 Year Old Cost of sales Purchases Other direct costs GROSS SURPLUS Expenditure Insurance Wages Pensions Telephone Post and stationery Travelling Licences and insurance Repairs and renewals Canteen Costs Household and cleaning Computer/Software Training Fuel Sundry expenses Accountancy Legal fees Depreciation of tangible fixed assets Fixtures and fittings Computer equipment Entertainment NET DEFICIT |
31.3.21 £ £ - 276 47,803 9,750 29,790 - 87,619 3,454 221 3,675 83,944 432 96,031 4,168 896 333 - 288 5,890 727 699 120 250 15 468 1,265 - 1,041 98 - 112,721 (28,777) |
31.3.20 £ £ 6,835 463 - 10,082 34,547 57,584 109,511 3,554 - 3,554 105,957 629 102,457 2,419 776 816 69 1,216 2,800 947 516 170 150 - - 1,187 33 1,261 240 180 115,866 (9,909) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 9