Registered number 07637601
Bayford Pre-School
Report and Unaudited Accounts
31 August 2021
Bayford Pre-School Report and accounts Contents
| Page | |
|---|---|
| Company information | 1 |
| Directors' report | 2 |
| Accountants' report | 3 |
| Profit and loss account | 4 |
| Balance sheet | 5 |
| Statement of changes in equity | 6 |
| Notes to the accounts | 7 |
Bayford Pre-School Company Information
Directors
Emma Morgan Ella Wendon Kirstie Brady
Secretary
Emma Morgan
Accountants
Fortus East Limited 6-7 Castle Gate Castle Street Hertford Herts SG14 1HD
Registered office
Bayford Primary School Ashendene Road Bayford Hertford SG13 8PX
Registered number 07637601
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Bayford Pre-School Registered number: Directors' Report
07637601
The directors present their report and accounts for the year ended 31 August 2021.
Principal activities
The company's principal activity during the year was as a non-profit making organisation for the provision of playgroup services. The company is Limited by Guarantee and does not have a share capital.
Directors
The following persons served as directors during the year:
Emma Morgan Ella Wendon Kirstie Brady
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 30 May 2022 and signed on its behalf.
Ella Wendon Director
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Bayford Pre-School
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Bayford Pre-School for the year ended 31 August 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bayford Pre-School for the year ended 31 August 2021 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of Bayford Pre-School, as a body, in accordance with the terms of our engagement letter dated 31 March 2021. Our work has been undertaken solely to prepare for your approval the accounts of Bayford Pre-School and state those matters that we have agreed to state to the Board of Directors of Bayford Pre-School, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bayford Pre-School and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Bayford Pre-School has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Bayford Pre-School. You consider that Bayford Pre-School 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 accounts of Bayford Pre-School. 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 accounts.
Fortus East Limited Chartered Accountants 6-7 Castle Gate Castle Street Hertford Herts SG14 1HD
30 May 2022
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Bayford Pre-School Profit and Loss Account for the year ended 31 August 2021
| Turnover Cost of sales Gross profit Administrative expenses Other operating income Operating profit Interest payable Profit before taxation Tax on profit Profit for the financial year |
2021 £ 95,399 (1,044) 94,355 (96,434) 3,897 1,818 - 1,818 (346) 1,472 |
2020 £ 91,588 (849) 90,739 (75,719) 7,463 22,483 (13) 22,470 (4,270) 18,200 |
|---|---|---|
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Bayford Pre-School Registered number: 07637601 Balance Sheet as at 31 August 2021
| Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current assets Total assets less current liabilities Provisions for liabilities Net assets Capital and reserves Profit and loss account Shareholder's funds |
2021 £ 1,845 48,904 (1,583) 47,321 49,166 (351) 48,815 48,815 48,815 |
2020 £ 4,000 50,968 (6,865) 44,103 48,103 (760) 47,343 47,343 47,343 |
|---|---|---|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ella Wendon Director Approved by the board on 30 May 2022
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Bayford Pre-School Statement of Changes in Equity for the year ended 31 August 2021
| At 1 September 2019 Profit for the financial year At 31 August 2020 At 1 September 2020 Profit for the financial year At 31 August 2021 |
Profit and loss account £ 29,143 18,200 47,343 47,343 1,472 48,815 |
Total £ 29,143 18,200 47,343 47,343 1,472 48,815 |
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Bayford Pre-School Notes to the Accounts for the year ended 31 August 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and equipment
over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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Bayford Pre-School Notes to the Accounts for the year ended 31 August 2021
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Grants received
Grants received are accounted for using the accrual model and are recognised in the profit and loss in the periods in which the related costs or expenses are recognised.
| 2 Employees Average number of persons employed by the company 3 Tangible fixed assets Cost At 1 September 2020 At 31 August 2021 Depreciation At 1 September 2020 Charge for the year At 31 August 2021 Net book value At 31 August 2021 At 31 August 2020 4 Creditors: amounts falling due within one year Taxation and social security costs Other creditors |
2021 Number 8 2021 £ 755 828 1,583 |
2020 Number 8 Plant and machinery etc £ 10,777 10,777 6,777 2,155 8,932 1,845 4,000 2020 £ 6,064 801 6,865 |
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Bayford Pre-School Notes to the Accounts for the year ended 31 August 2021
5 Going concern
The directors have considered both the current and future effect of the Covid -19 pandemic and its impact on the company and the UK economy in general. The directors believe that despite the pandemic, existing cash resources, profit and cash generation will be sufficient to meet the company's obligations for a period of at least 12 months. The company has taken advantage of some of the available government aid to support the business through the crisis. The directors therefore continue to adopt the going concern basis in preparing the financial statements.
6 Controlling party
The directors do not consider there to be an ultimate controlling party.
7 Other information
Bayford Pre-School is a private company limited by guarantee and incorporated in England. Its registered office is: Bayford Primary School Ashendene Road Bayford Hertford SG13 8PX
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Bayford Pre-School
Detailed profit and loss account for the year ended 31 August 2021
This schedule does not form part of the statutory accounts
| Sales Cost of sales Gross profit Administrative expenses Other operating income Operating profit Interest payable Profit before tax |
2021 £ 95,399 (1,044) 94,355 (96,434) 3,897 1,818 - 1,818 |
2020 £ 91,588 (849) 90,739 (75,719) 7,463 22,483 (13) 22,470 |
|---|---|---|
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Bayford Pre-School Detailed profit and loss account for the year ended 31 August 2021
This schedule does not form part of the statutory accounts
| Turnover Grants/funding Fees Cost of sales Purchases Administrative expenses Employee costs: Wages and salaries Pensions Staff training and welfare Premises costs: Rent Cleaning General administrative expenses: Stationery and printing Subscriptions Insurance Software Depreciation Sundry expenses Legal and professional costs: Accountancy fees Other professional fees Other operating income Grants received |
2021 £ 61,794 33,605 95,399 1,044 79,269 631 3,162 83,062 7,529 41 7,570 31 70 - 173 2,155 264 2,693 585 2,524 3,109 96,434 3,897 |
2020 £ 73,517 18,071 91,588 849 65,031 454 647 66,132 4,622 - 4,622 - 130 (555) - 2,155 282 2,012 565 2,388 2,953 75,719 7,463 |
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