Digitally Signed Document Document ID: 6E922D16F5E880
Document Details:
| Filename: | Full accounts.pdf |
|---|---|
| Client of: | TC Group |
Signature Details
| Name: | Stephanie Prowse |
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| Email: | stephanie_prowse@hotmail.com |
| Date & Time: | 03/05/2024 12:07:18 PM (BST) |
| IP Address: | 51.183.40.36 |
| Signing Statement: | Stephanie Bertram agrees and approves the contents of this document. |
Digital Certificate
The approved PDF file has been digitally certified. Please check the Digital Certificate information in your PDF viewer to verify the Digital Certificate authenticity and the PDF has not been tampered with.
| On behalf of: | TC Group |
|---|---|
| PDF digital certificate: | IRIS Software Group Limited |
| Digital certificate issued by: | GlobalSign |
Please keep a copy of this document for your records.
BAYFORD PRE-SCHOOL
REPORT OF THE DIRECTORS AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
BAYFORD PRE-SCHOOL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
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Page
Company Information 1
Report of the Directors 2
Chartered Accountants' Report 3
Income Statement 4
Balance Sheet 5
Notes to the Financial Statements 6
Detailed Income and Expenditure Account 8
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BAYFORD PRE-SCHOOL COMPANY INFORMATION FOR THE YEAR ENDED 31 AUGUST 2023
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DIRECTORS: K Brady
S Bertram
L Sturman
J Harvey
REGISTERED OFFICE: Bayford Preschool
Bayford Primary School
Ashenorne Road
Bayford, Herts
SG13 8PX
REGISTERED NUMBER: 07637601 (England and Wales)
ACCOUNTANTS: TC Group
6-7 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD
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Page 1
BAYFORD PRE-SCHOOL
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 AUGUST 2023
The directors present their report with the financial statements of the company for the year ended 31 August 2023.
PRINCIPAL ACTIVITY
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
K Brady has held office during the whole of the period from 1 September 2022 to the date of this report.
Other changes in directors holding office are as follows:
E Morgan - resigned 9 May 2023 E Wendon - resigned 31 July 2023 S Bertram - appointed 9 May 2023 L Sturman - appointed 9 May 2023 J Harvey - appointed 9 May 2023 M Broomer - appointed 9 May 2023 - resigned 9 May 2023 M Wiltshire - appointed 9 May 2023 - resigned 31 July 2023
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:
S Bertram - Director
2 May 2024
Page 2
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED FINANCIAL STATEMENTS OF BAYFORD PRE-SCHOOL
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bayford Pre-School for the year ended 31 August 2023 which comprise the Income Statement, Balance Sheet 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Bayford Pre-School, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements 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 07/16AAF. 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 financial statements 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 financial statements 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 financial statements.
TC Group 6-7 Castle Gate Castle Street Hertford Hertfordshire SG14 1HD
2 May 2024
This page does not form part of the statutory financial statements
Page 3
BAYFORD PRE-SCHOOL
INCOME STATEMENT FOR THE YEAR ENDED 31 AUGUST 2023
| Notes TURNOVER Cost of sales GROSS SURPLUS Administrative expenses OPERATING SURPLUS and SURPLUS BEFORE TAXATION Tax on surplus SURPLUS FOR THE FINANCIAL YEAR |
2023 £ 127,916 2,281 125,635 106,498 19,137 25 19,112 |
2022 £ 104,642 2,941 101,701 88,612 13,089 2,453 10,636 |
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The notes form part of these financial statements
Page 4
BAYFORD PRE-SCHOOL (REGISTERED NUMBER: 07637601)
BALANCE SHEET 31 AUGUST 2023
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES PROVISIONS FOR LIABILITIES NET ASSETS RESERVES Income and expenditure account |
2023 £ 78,896 825 |
£ 608 78,071 78,679 116 78,563 78,563 78,563 |
2022 £ 63,301 4,235 |
£ 476 59,066 59,542 91 59,451 59,451 59,451 |
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The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
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(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 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 2 May 2024 and were signed on its behalf by:
S Bertram - Director
The notes form part of these financial statements
Page 5
BAYFORD PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
1. STATUTORY INFORMATION
Bayford Pre-School is a private company, limited by guarantee, registered in England and Wales. 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.
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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.
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.
3. EMPLOYEES AND DIRECTORS
The average number of employees during the year was 7 (2022 - 8).
continued...
Page 6
BAYFORD PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023
4. OPERATING SURPLUS
The operating surplus is stated after charging:
| 2023 £ Depreciation - owned assets 182 5. TANGIBLE FIXED ASSETS COST At 1 September 2022 Additions At 31 August 2023 DEPRECIATION At 1 September 2022 Charge for year At 31 August 2023 NET BOOK VALUE At 31 August 2023 At 31 August 2022 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Taxation and social security - Other creditors 825 825 |
2022 £ 1,964 Fixtures and fittings £ 11,372 314 11,686 10,896 182 11,078 608 476 2022 £ 2,713 1,522 4,235 |
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Page 7
BAYFORD PRE-SCHOOL
DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023
| Turnover Grants/Funding Fees Cost of sales Purchases GROSS SURPLUS Expenditure Wages Pensions Rent Staff training and welfare Telephone Post and stationery Repairs and renewals Computer costs Sundry expenses Accountancy Subscriptions Legal and professional Depreciation of tangible fixed assets Fixtures and fittings NET SURPLUS |
2023 £ 87,814 40,102 82,586 1,038 9,405 6,778 199 263 2,794 399 480 600 75 1,699 182 |
£ 127,916 2,281 125,635 106,498 19,137 |
2022 £ 62,168 42,474 73,113 747 7,613 1,475 - 194 - 261 682 567 70 1,926 1,964 |
£ 104,642 2,941 101,701 88,612 13,089 |
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This page does not form part of the statutory financial statements
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