Digitally Signed Document Document ID: 6E922D16F5E880 ## Document Details: |**Filename:**|Full accounts.pdf| |---|---| ||| |**Client of:**|TC Group| ## Signature Details |**Name:**|Stephanie Prowse| |---|---| ||| |**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** **----- Start of picture text -----**
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** **----- Start of picture text -----**
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| |---|---|---| 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| |---|---|---|---|---| 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: - (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 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| |---|---| 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| |---|---|---|---|---| This page does not form part of the statutory financial statements Page 8