Report of the Directors and
Unaudited Financial Statements for the Year Ended 31 August 2023
for
Old Sarum Nursery
Old Sarum Nursery
Contents of the Financial Statements for the Year Ended 31 August 2023
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| Chartered Accountants' Report | 7 |
| Detailed Income and Expenditure Account | 8 |
Old Sarum Nursery
Company Information for the Year Ended 31 August 2023
DIRECTORS: N Moss I McLennan K Waters E T Gold S Loader M Earle SECRETARY: REGISTERED OFFICE: Old Sarum Primary School Pheasant Drive Old Sarum Salisbury Wiltshire SP4 6GN REGISTERED NUMBER: 07915003 (England and Wales) ACCOUNTANTS: J Matthiae & Co Limited Alveus The Causeway Winterslow Salisbury Wiltshire SP5 1QW
Page 1
Old Sarum Nursery
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.
DIRECTORS
The directors shown below have held office during the whole of the period from 1 September 2022 to the date of this report.
N Moss K Waters E T Gold S Loader M Earle
Other changes in directors holding office are as follows:
I McLennan - appointed 17 March 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:
M Earle - Director
30 April 2024
Page 2
Old Sarum Nursery
Income Statement
for the Year Ended 31 August 2023
| Notes TURNOVER Cost of sales GROSS SURPLUS Administrative expenses OPERATING (DEFICIT)/SURPLUS and (DEFICIT)/SURPLUS BEFORE TAXATION Tax on (deficit)/surplus (DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR |
31.8.23 £ 214,725 15,672 199,053 206,874 (7,821) - (7,821) |
31.8.22 £ 199,778 10,807 |
|---|---|---|
| 188,971 161,490 |
||
| 27,481 - |
||
| 27,481 |
The notes form part of these financial statements
Page 3
Old Sarum Nursery (Registered number: 07915003)
Balance Sheet
| 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 RESERVES Income and expenditure account |
31.8.23 £ 178,978 463 |
£ 1,578 178,515 180,093 180,093 180,093 |
31.8.22 £ 185,584 438 |
£ 2,768 185,146 |
| 187,914 | ||||
| 187,914 | ||||
| 187,914 |
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 30 April 2024 and were signed on its behalf by:
M Earle - Director
The notes form part of these financial statements
Page 4
Old Sarum Nursery
Notes to the Financial Statements
for the Year Ended 31 August 2023
1. STATUTORY INFORMATION
Old Sarum Nursery 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
| Tangible fixed assets | Tangible fixed assets |
|---|---|
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. | |
| Ground improvements | - 10% on cost |
| Equipment | - 20% on cost |
| Computer equipment | - 33% on cost |
Taxation
Taxation is not recognised in the accounts on the grounds that Old Sarum Nursery has been confirmed by H M Revenue & Customs as a charitable company for tax purposes under reference number EW40338.
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 13 (2022 - 11).
4.
OPERATING (DEFICIT)/SURPLUS
The operating deficit (2022 - operating surplus) is stated after charging:
| 31.8.23 | 31.8.22 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 1,190 | 1,622 |
Page 5
continued...
Old Sarum Nursery
Notes to the Financial Statements - continued
for the Year Ended 31 August 2023
5. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |||
|---|---|---|---|
| Ground | Computer | ||
| improvements | Equipment | equipment | Totals |
| £ | £ | £ | £ |
| COST | |||
| At 1 September 2022 | |||
| and 31 August 2023 9,438 |
2,650 | 1,705 | 13,793 |
| DEPRECIATION | |||
| At 1 September 2022 7,258 |
2,362 | 1,405 | 11,025 |
| Charge for year 944 |
96 | 150 | 1,190 |
| At 31 August 2023 8,202 |
2,458 | 1,555 | 12,215 |
| NET BOOK VALUE | |||
| At 31 August 2023 1,236 |
192 | 150 | 1,578 |
| At 31 August 2022 2,180 |
288 | 300 | 2,768 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.8.23 | 31.8.22 | ||
| £ | £ | ||
| Other creditors | 463 | 438 |
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
7. CHARITABLE STATUS
The company is registered as a charity under registration number 1147418.
Page 6
Chartered Accountants' Report to the Board of Directors on the Unaudited Financial Statements of Old Sarum Nursery
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Old Sarum Nursery 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 Old Sarum Nursery, 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 Old Sarum Nursery and state those matters that we have agreed to state to the Board of Directors of Old Sarum Nursery, 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 Old Sarum Nursery and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Old Sarum Nursery 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 loss of Old Sarum Nursery. You consider that Old Sarum Nursery 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 Old Sarum Nursery. 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.
J Matthiae & Co Limited Alveus The Causeway Winterslow Salisbury Wiltshire SP5 1QW
30 April 2024
This page does not form part of the statutory financial statements
Page 7
Old Sarum Nursery
Detailed Income and Expenditure Account for the Year Ended 31 August 2023
| Turnover Nursery fees Council funding Cost of sales Materials Snacks Activities No description GROSS SURPLUS Expenditure Rent & utilities Salaries Pensions Telephone Printing, postage & stationery Recruitment Travelling Insurance Repairs and maintenance Subscriptions Cleaning Training costs Office costs Professional fees Legal fees Photocopier leasing costs Entertainment Finance costs Bank charges Depreciation Depn of ground improvements Depn of equipment Computer equipment NET (DEFICIT)/SURPLUS |
31.8.23 £ 43,364 171,361 6,668 3,584 2,310 3,110 8,628 183,274 6,394 907 773 146 14 1,168 767 558 804 838 (2) 550 13 524 325 944 96 150 |
£ 214,725 15,672 199,053 205,681 (6,628) 3 (6,631) 1,190 (7,821) |
31.8.22 £ 48,612 151,166 4,491 2,346 3,970 - 9,074 137,864 4,400 817 577 380 - 1,135 122 436 2,187 1,194 3 425 456 578 220 944 529 149 |
£ 199,778 10,807 |
|---|---|---|---|---|
| 188,971 159,868 |
||||
| 29,103 - |
||||
| 29,103 1,622 |
||||
| 27,481 |
This page does not form part of the statutory financial statements
Page 8
Old Sarum Nursery
Non-Mandatory Notes for the Year Ended 31 August 2023
The following data screen has been completed by user entry resulting in the relevant note appearing within the financial statements. However, it is not required in accordance with The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015.
CHARITABLE STATUS
PLEASE CHECK THAT THIS ENTRY IS CORRECT.