## 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|
|---|---|
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