MELTHAM COMMUNITY PRE-SCHOOL DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
TaxAssist Accountants
Meltham Community Pre-School Page 1 Director's Report and Unaudited Financial Statements For The Year Ended 31 August 2021
Contents
| Page | |
|---|---|
| Company Information | 1 |
| Director's Report | 2 |
| Accountants' Report | 3 |
| Profit and Loss Account | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 |
| The following pages do not form part of the statutory accounts: | |
| Trading Profit and Loss Account | 7 |
Meltham Community Pre-School Company Information For The Year Ended 31 August 2021
| Registered Office | 45 Colders Lane |
|---|---|
| Meltham | |
| Huddersfield | |
| West Yorkshire | |
| HD9 5JL | |
| Accountants | TaxAssist Accountants |
| C/O Taxassist Accountants, 118-120 Lockwood Road | |
| Huddersfield | |
| HD1 3QX |
Page 1
Meltham Community Pre-School Company No. Director's Report For The Year Ended 31 August 2021
The director presents his report and the financial statements for the year ended 31 August 2021.
Statement of Director's Responsibilities
The director is responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:
select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them 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.
Directors
The directors who held office during the year were as follows:
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
By order of the board
Date
Page 2
Meltham Community Pre-School Accountants' Report For The Year Ended 31 August 2021
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 August 2021 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. 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 financial statements.
Signed
27/05/2022
TaxAssist Accountants C/O Taxassist Accountants, 118-120 Lockwood Road Huddersfield HD1 3QX
Page 3
Meltham Community Pre-School Profit and Loss Account For The Year Ended 31 August 2021
| Notes TURNOVER Cost of sales GROSS PROFIT Administrative expenses Other operating income OPERATING PROFIT Other interest receivable and similar income PROFIT FOR THE FINANCIAL YEAR |
2021 £ 8,842 (1,587) 7,255 (63,501) 66,166 9,920 6 9,926 |
2020 £ 9,158 (2,843) |
|---|---|---|
| 6,315 (57,809) 79,261 |
||
| 27,767 25 |
||
| 27,792 |
The notes on page 6 form part of these financial statements.
Page 4
Meltham Community Pre-School Balance Sheet As at 31 August 2021
| Notes CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 3 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Profit and Loss Account SHAREHOLDERS' FUNDS |
2021 £ £ 132,311 132,311 (480) 131,831 131,831 131,831 131,831 131,831 |
2021 £ £ 132,311 132,311 (480) 131,831 131,831 131,831 131,831 131,831 |
2020 £ £ 122,385 122,385 (480) 121,905 121,905 121,905 121,905 121,905 |
2020 £ £ 122,385 122,385 (480) 121,905 121,905 121,905 121,905 121,905 |
|---|---|---|---|---|
| 132,311 (480) |
122,385 (480) |
|||
| 131,831 | 121,905 | |||
| 131,831 | 121,905 | |||
| 131,831 | 121,905 | |||
| 131,831 | 121,905 |
For the year ending 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Date
The notes on page 6 form part of these financial statements.
Page 5
Meltham Community Pre-School Notes to the Financial Statements For The Year Ended 31 August 2021
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: (2020: )
3. Creditors: Amounts Falling Due Within One Year
| Accruals and deferred income | 2021 £ 480 480 |
2020 £ 480 |
|---|---|---|
| 480 |
4. General Information
Meltham Community Pre-School is a private company, limited by shares, incorporated in England & Wales, registered number . The registered office is 45 Colders Lane, Meltham, Huddersfield, West Yorkshire, HD9 5JL.
Page 6
Meltham Community Pre-School Trading Profit and Loss Account For The Year Ended 31 August 2021
| TURNOVER Sales COST OF SALES Purchases Employers pensions - defined contribution schemes GROSS PROFIT Administrative Expenses Wages and salaries Employers pensions - defined contributions scheme Staff training Rent Rates Repairs and maintenance Cleaning Premises insurance Repairs, renewals and maintenance Printing, postage and stationery Advertising and marketing costs Telecommunications and data costs Telecommunications Accountancy fees Professional fees Subscriptions Bank charges Sundry expenses Other Operating Income Government grant receipts - net OPERATING PROFIT Other interest receivable and similar income Bank interest receivable PROFIT FOR THE FINANCIAL YEAR |
2021 £ £ 8,842 1,587 - (1,587) 7,255 48,096 590 170 10,315 144 - 645 791 510 187 - 603 - 974 276 177 22 1 (63,501) 66,166 66,166 9,920 6 6 9,926 |
2021 £ £ 8,842 1,587 - (1,587) 7,255 48,096 590 170 10,315 144 - 645 791 510 187 - 603 - 974 276 177 22 1 (63,501) 66,166 66,166 9,920 6 6 9,926 |
2020 £ £ 9,158 1,669 1,174 (2,843) 6,315 46,712 - 199 6,405 165 522 702 - - 148 38 - 320 1,157 - 975 - 466 (57,809) 79,261 79,261 27,767 25 25 27,792 |
2020 £ £ 9,158 1,669 1,174 (2,843) 6,315 46,712 - 199 6,405 165 522 702 - - 148 38 - 320 1,157 - 975 - 466 (57,809) 79,261 79,261 27,767 25 25 27,792 |
|---|---|---|---|---|
| 48,096 590 170 10,315 144 - 645 791 510 187 - 603 - 974 276 177 22 1 |
46,712 - 199 6,405 165 522 702 - - 148 38 - 320 1,157 - 975 - 466 |
|||
| 7,255 (63,501) 66,166 |
6,315 (57,809) 79,261 |
|||
| 66,166 | 79,261 | |||
| 6 | 25 | |||
| 9,920 6 |
27,767 25 |
|||
| 9,926 | 27,792 |
Page 7