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2023-07-31-accounts

PRESTON PRE SCHOOL LIMITED

PRESTON VILLAGE HALL PRESTON ROAD PRESTON WEYMOUTH DORSET DT3 6BH

ACCOUNTS FOR THE YEAR ENDED 31 JULY 2023

PRESTON PRE SCHOOL LIMITED INDEX TO FINANCIAL STATEMENTS

PAGE

THE FOLLOWING PAGES DO NOT FORM PART OF THE STATUTORY ACCOUNTS

PRESTON PRE SCHOOL LIMITED

PAGE I

DIRECTORS

Stuart C Legg Esq Amanda J Gadbsy (Mrs)

SECRETARY

No one in position

FINANCIAL AND INTERNATIONAL ACCOUNTANTS, TAXATION SPECIALISTS AND BUSINESS ADVISORS

Casterbridge Hardy LLP “Strathmore” 53 Bowleaze Coveway Preston WEYMOUTH Dorset DT3 6PL Website: www.casterbridgehardy.co.uk Email: info@casterbridgehardy.co.uk

REGISTERED OFFICE

“Strathmore” 53 Bowleaze Coveway Preston WEYMOUTH Dorset DT3 6PL

TRADING ADDRESS

Preston Village Hall Preston Road Preston Weymouth Dorset DT3 6BH

BANKERS

HSBC UK 18 St Mary Street Weymouth Dorset DT4 8PH

Charity Company Registration Number: 1150841

REGISTERED IN ENGLAND: 08206522

PRESTON PRE SCHOOL LIMITED REPORT OF THE DIRECTOR FOR THE YEAR ENDED 31 JULY 2023

PAGE II

The directors have pleasure in presenting their eleventh report and the eleventh unaudited financial statements of the company for the year ended 31 July 2023.

PRINCIPAL ACTIVITIES

The principal activity of the company during the year was that of primary education and childcare.

THE DIRECTORS OF THE COMPANY

The directors who served the company during the year were as follows:

Stuart C Legg Esq Amanda J Gadbsy (Mrs)

BUSINESS REVIEW

The team of directors follows good governance by putting customers first and profit second, ensuring that when profits are good those profits are re-invested in the business infrastructure.

Customer loyalty is essential to the ongoing development of the company and this is evidenced by the volume of work gained through referrals.

We can confirm there were no related party transactions within the year ending 31 July 2023.

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006 relating to small companies.

Registered office: Preston Village Hall Preston Road Preston Weymouth Dorset DT3 6BH

Signed by order of the directors

Staurt C Legg Esq Amanda J Gadsby (Mrs) Director Director

Approved by the directors on …………………………………………………………..

PRESTON PRE SCHOOL LIMITED REPORT OF THE ACCOUNTANTS TO THE SHAREHOLDERS

PAGE III

In order to assist you to fulfill your duties under the Companies Act 2006, we have prepared for your approval, the financial statements of Preston Pre School Limited for the period ended 31 July 2023 which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Total Recognised Gains and Losses together with the related notes from the company’s accounting records and from information and explanations which you have provided for us.

As a practicing member firm of the Institutes of Financial Accountants (IFA), the Association of International Accountants (AIA), the Association of Accounting Technicians (AAT), and the Federation of Taxation Advisers (FTA) we are subject to its ethical and other professional requirements which are detailed at www.ifa.org.uk and www.aiaworldwide.com and www.aat.org.uk

This report is made solely to the directors of Preston Pre School Limited in accordance with the terms stated in our letter of engagement. Our work has been undertaken solely to prepare, for your approval, the financial statements of Preston Pre School Limited and state those matters that we have agreed to state to the directors of Preston Pre School Limited in this report in accordance with the requirements of our institutes. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Preston 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 Preston Pre School Limited. You consider that Preston Pre School Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out and audit or a review of the financial statements of Preston 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.

Casterbridge Hardy LLP Financial and International Accountants, Taxation Specialists and Business Advisors

“Strathmore” 53 Bowleaze Coveway Preston WEYMOUTH Dorset DT3 6PL

RBW/20 September 2023/A510(ACC)WCH487/LGD/KTSW

PRESTON PRE SCHOOL LIMITED
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 JULY 2023

Notes
£
TURNOVER
1
108794
Other Income
2478
Administrative Expenses
143956
----------
OPERATING (LOSS)/PROFIT
2
(32684)
----------
(LOSS)/PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION
(32684)
Tax on profit on ordinary activities
3
-
---------
(LOSS)/PROFIT ON ORDINARY ACTIVITIES AFTER TAXATION
(32684)
Equity dividends paid and proposed
10
-
--------
RETAINED (LOSS)/PROFIT FOR THE FINANCIAL YEAR
(32684)

Balance brought forward
56879
---------
Balance carried forward
£24195
=====		 PAGE IV
Year Ended
31 July 2022
£
109024
5
125638
----------
(16609)
----------
(16609)
-
----------
(16609)
-
----------
(16609)
73488
---------

£56879
=====

The Notes on Pages VII to IX form part of these accounts.

PRESTON PRE SCHOOL LIMITED
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 JULY 2023
Share
Revaluation
Capital
Reserve
£
£
Balance as at 01 August 2021
-
-
Fair value gains, Net of deferred tax
-
-
Profit for the year
-
-
Dividends
-
-
---
---
Balance as at 01 August 2022
-
-
Fair value gains, Net of deferred tax
-
-
Loss for the year
-
-
Dividends
-
-
---
---
Balance at 31 July 2023
£-
£-
==
==		 PRESTON PRE SCHOOL LIMITED
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 JULY 2023
Share
Revaluation
Capital
Reserve
£
£
Balance as at 01 August 2021
-
-
Fair value gains, Net of deferred tax
-
-
Profit for the year
-
-
Dividends
-
-
---
---
Balance as at 01 August 2022
-
-
Fair value gains, Net of deferred tax
-
-
Loss for the year
-
-
Dividends
-
-
---
---
Balance at 31 July 2023
£-
£-
==
==		 PRESTON PRE SCHOOL LIMITED
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 JULY 2023
Share
Revaluation
Capital
Reserve
£
£
Balance as at 01 August 2021
-
-
Fair value gains, Net of deferred tax
-
-
Profit for the year
-
-
Dividends
-
-
---
---
Balance as at 01 August 2022
-
-
Fair value gains, Net of deferred tax
-
-
Loss for the year
-
-
Dividends
-
-
---
---
Balance at 31 July 2023
£-
£-
==
==		 PAGE V
Profit and Loss
Total
Reserve
£
£
73488
73488
-
-
(16609) (16609)
(-)
(-)
---------- ----------
56879
56879
-
-
(32684) (32684)
(-)
(-)
---------- ----------
£24195 £24195
===== ======
Balance as at 01 August 2021
Fair value gains, Net of deferred tax
Profit for the year
Dividends
Balance as at 01 August 2022
Fair value gains, Net of deferred tax
Loss for the year
Dividends
Balance at 31 July 2023		 Share
Capital
£
-
-
-
-
---
-
-
-
-
---
£-
==

PRESTON PRE SCHOOL LIMITED PAGE VI BALANCE SHEET AT 31 JULY 2023

FIXED ASSETS
CURRENT ASSETS
Cash at Bank and in hand
Debtors
CREDITORS:Amounts falling due within one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CAPITAL AND RESERVES
Called-up equity share capital
Profit and Loss Account
SURPLUS		 As at
31 July 2022
Notes
£
£
£
£
4933
1851
20930
55699
5
-
142
--------
---------
20930
55841
6
1668
813
---------
---------
19262
55028
---------
----------
£24195
£56879
=====
=====
7
-
-
24195
56879
---------
---------
£24195
£56879
=====
=====

For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

The financial statements have been prepared in accordance with the provisions applicable to companies subject to small companies’ regime.

These financial statements were approved by the directors on ………………………………. and were signed by:

The Notes on pages VII to IX form part of these accounts.

PRESTON PRE SCHOOL LIMITED INDEX TO NOTES TO THE ACCOUNTS AT 31 JULY 2023

PRESTON PRE SCHOOL LIMITED NOTES TO THE ACCOUNTS AT 31 JULY 2023

PAGE VII

1. ACCOUNTING POLICIES

General Information and basis of preparation

Preston Pre School Limited is a charity company incorporated in England with in the United Kingdom. The address of the registered office is given in the company information on page II of these financial statements. The company’s principal activity is primary school education and childcare.

Turnover

The turnover is derived from ordinary activities. Revenue is recognised at the point when the company satisfies a performance obligation to a customer as agreed.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office Equipment 25% per annum Reducing Balance Method

  1. OPERATING PROFIT Operating profit is stated after charging:

Depreciation
TAXATION
Analysis of the tax charge
The tax charge on the profit on ordinary activities for the year was as follows:-
Current tax:
UK Corporation tax
Tax on profit on ordinary activities		 2023
£
959
===
2023
£
-
---
£-
==		 2022
£
445
===
2022
£
-
---
£-
==

PRESTON PRE SCHOOL LIMITED

PAGE VIII

NOTES TO THE ACCOUNTS AT 31 JULY 2023 - Continued

4. TANGIBLE FIXED ASSETS

Fixtures
& Fittings
£
COST
As at 01 August 2022
1297
Addition at cost
4041
-------
At 31 July 2023
5338
-------
DEPRECIATION
As at 01 August 2022
195
Charge for the year
771
------
At 31 July 2023
966
------
NET BOOK VALUE
At 31 July 2023
£4372
====
At 31 July 2022
£1102
====
5.
DEBTORS: Amounts falling due within one year
Trade Debtors
6.
CREDITORS: Amounts falling due within one year
Social Security
Other creditors
7.
SHARE CAPITAL
Authorised share capital:
1 Ordinary Shares of £1 each
Allotted, called up and fully paid:
No.
Ordinary Shares of £1 each
-
=		 Office
Equipment
Total
£
1209
2506
-
4041
------
-------
1209
6547
------
-------
460
655
188
959
-----
------
648
1614
-----
------
£ 561
£4933
===
====
£ 749
£1851
===
====
2023
2022
£
£
£-
£142
==
===
2023
2022
£
£
687
163
981
650
-------
------
£1668
£813
====
====
2023
2022
£
£
£-
£-
==
==
2023
2022
£
No.
£
£-
-
£-
=
=
==

PRESTON PRE SCHOOL LIMITED

PAGE IX

NOTES TO THE ACCOUNTS AT 31 JULY 2023 - Continued

8. EMPLOYEES

The average number of employees, including directors, during the year was as follows:

8.
EMPLOYEES
The average number of employees, including directors, during the year was as follows:
Employees
9.
TRANSACTIONS WITH DIRECTORS
There were no transactions during the year ended 31 July 2023.		 2023
No.
12
==		 2022
No.
12
==

10. RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken, and are required to be disclosed under Financial Reporting Standard for Small Entities.

11. ULTIMATE CONTROLLING PARTY

The company was under the control of Stuart C Legg Esq in the current year. Stuart C Legg Esq is the managing director.

The following pages do not form part of the statutory financial statements.

PRESTON PRE SCHOOL LIMITED PAGE
INCOME AND EXPENDITURE STATEMENT–YEAR ENDED 31 JULY 2023
Year Ended
31 July 2022
£ £ £
£
INCOME
Fees - Parents 21953 18803
Fees - Grants 86841 89551
Fundraising - 300
Meals - 108794 370
109024
--------- ---------
OTHER INCOME
Insurance Claim 2306 - -
Interest 172 2478 5
5
--------- ----------- ---------
-----------
TOTAL INCOME 111272 109029
----------- -----------
DEDUCT: EXPENDITURE
Educational Resources and Consumables 5207 4635
Food Purchases for Children’s Meals 6859 12066 6079
10714
------- -------
Establishment
Rent 8696 7359
Waste Removal 2109 371
Property Repairs 559 11364 2594
10324
------- -------
Administration
Wages 108863 93039
Pension 1392 803
Telephone 1138 798
Internet 113 113
Postage and Stationery 122 537
Advertising 188 957
Subscriptions 780 545
Entertaining 694 444
Insurance 983 517
DBS Checks 387 528
Software 349 304
Staff Training 672 221
Sundry 373 116054 463
99269
-------- --------
Financial
Accountancy 2448 1628
Bank Charges 60 2508 36
1664
------- ------
Equipment
Children’s Toys and Equipment 545 664
Protective Clothing 460 1258
Equipment Depreciation 959 1964 445
2367
------- --------
Stolen Cash - 1300
---------- ----------
TOTAL EXPENDITURE 143956 125638
--------- ---------
EXCESS OF EXPENDITURE OVER INCOME £(32684) £(16609)
====== =====

PRESTON PRE SCHOOL LIMITED

PAGE XI

D I R E C T O R ’ S P E R S O N A L N O T E S

20 September 2023

Casterbridge Hardy LLP “Strathmore” 53 Bowleaze Coveway Preston WEYMOUTH Dorset DT3 6PL

Dear Sir

This representation letter is provided in connection with your audit of Preston Pre School Limited for the year ended 31 July 2023 for the purpose of expressing an opinion as to whether the financial statements give a true and fair view of the results and financial position of Preston Pre School Limited in accordance with the Companies Act of 2006.

  1. I acknowledge, as a director, my responsibility under the Companies Act of 2006 for preparing financial statements, which give a true and fair view of the financial position of Preston Pre School as of 31 July 2023 and of the result of its operations for the year then ended and for making accurate representations to you.

  2. All accounting records and relevant information have been made available to you for the purpose of your audit (where an audit has been undertaken) and all transactions undertaken by the company have been properly reflected in the accounting records or other information provided to you. All other records and related information including minutes of all management and shareholders meetings have been made available to you.

  3. I acknowledge my responsibility for the design and implementation of internal control systems to prevent and detect error and fraud. I confirm that the financial statements are free of material misstatements and that any misstatements identified during the audit are immaterial both individually and in aggregate to the financial statements as a whole. A summary of these items is attached to this letter of representation together with my reasons for not correcting them.

  4. There have been no irregularities or allegations thereof involving management or employees who have a significant role in internal control or that could have a material effect on the financial statements.

  5. I confirm that I am not aware of any possible or actual instance of non-compliance with those laws and regulations which provide a legal framework within which the company conducts its business. The company has complied with all aspects of contractual agreements that could have a material effect on the financial statements in the event of non-compliance.

  6. I have no plans or intentions that may materially alter the carrying value and where relevant the fair value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements.

  7. I confirm that I have disclosed to you all related party transactions relevant to the company and that I am not aware of further related party matters that require disclosure other than those already disclosed in the accounts.

  8. I confirm that I have considered my expectations and intentions for the next twelve months and the availability of working capital available to the company as a going concern and that the company is a going concern.

  9. The company has satisfactory title to all assets and there are no liens or encumbrances on the assets except for those disclosed in the accounts.

  10. There are no liabilities, contingent liabilities or guarantees to third parties other than those disclosed in the accounts.

  11. There have been no events since the balance sheet date that require disclosure or which would materially affect the amounts in the accounts, other than those already disclosed or included in the accounts.

  12. The company has at no time during the year any arrangement, transaction or agreement to provide credit facilities (including loans, quasi loans or credit transactions) for directors nor to guarantee or provide security for such matters, except as disclosed in the accounts.

I confirm to the best of my knowledge and belief that the above representations are made on the basis of enquiries of management and staff with relevant knowledge and experience, and where appropriate, of inspection of supporting documentation sufficient to satisfy myself that I can properly make each of the above representations to you.

Yours faithfully

Stuart C Legg Esq

Director

Preston Pre School Limited Preston Village Hall Preston Road Preston Weymouth Dorset DT3 6BH

20 September 2023

Casterbridge Hardy LLP “Strathmore” 53 Bowleaze Coveway Preston WEYMOUTH Dorset DT3 6PL

Dear Sir

I can confirm that the following information in connection with the accounts for the year ended 31 July 2023 is, to the best of my knowledge and belief, true and fair bearing in mind the requirement of the Companies Act 2006.

  1. All receipts and payments were recorded in the books or otherwise accounted for in explanations given to you.

  2. Unvouched receipts and payments as detailed were received and expended in connection with the business.

  3. Estimated items of receipts and payments were received and expended in connection with the business.

  4. The treatment in the accounts of any differences arising in the accounting system is satisfactory.

Yours faithfully

Stuart C Legg Esq Director

Preston Pre School Limited Preston Village Hall Preston Road Preston Weymouth Dorset DT3 6BH

PRESTON PRE SCHOOL LIMITED

PRESTON VILLAGE HALL PRESTON ROAD PRESTON WEYMOUTH DORSET DT3 6BH

ACCOUNTS FOR THE YEAR ENDED 31 JULY 2023

Charity Company Registration Number: 1150841 REGISTERED IN ENGLAND: 08206522

PRESTON PRE SCHOOL LIMITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2023

CONTENTS

I ACCOUNTANTS’ REPORT TO THE SHAREHOLDERS II BALANCE SHEET III NOTES TO THE ACCOUNTS

Charity Company Registration Number: 1150841

REGISTERED IN ENGLAND: 08206522

PRESTON PRE SCHOOL LIMITED REPORT OF THE ACCOUNTANTS TO THE SHAREHOLDERS

PAGE I

As described on the balance sheet, the directors of the company are responsible for the preparation of the accounts for the year ended 31 July 2023, set out on pages V to VIII. You consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions, we have compiled these unaudited accounts in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Casterbridge Hardy LLP Financial and International Accountants, Taxation Specialists and Business Advisors

“Strathmore” 53 Bowleaze Coveway Preston WEYMOUTH Dorset DT3 6PL

RBW/20 September 2023G500(SEC)/LGD/KTSW

Charity Company Registration Number: 1150841

REGISTERED IN ENGLAND: 08206522

PRESTON PRE SCHOOL LIMITED
BALANCE SHEET AT 31 JULY 2023
FIXED ASSETS
Tangible Assets
CURRENT ASSETS
Cash at bank and in Hand
Debtors
CREDITORS:Amounts falling due within one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
RESERVES
Called-up Equity Share Capital
Profit and Loss Account
SHAREHOLDER’S FUNDS		 Notes
£
£
2
4933
20930
-
---------
20930
1668
---------
19262
---------
£24195
=====
-
24195
---------
£24195
=====		 PAGE II
As at
31 July 2022
£
£
1851
55699
142
---------
55841
813
---------
56879
---------
£56879
=====
-
56879
--------
£56879
=====

For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

These financial statements were approved and signed by the directors on ………………………………

……………………………………….. STUART C LEGG ESQ

………………………………………… AMANDA J GADSBY

The Notes on page III form part of these accounts.

Charity Company Registration Number: 1150841

REGISTERED IN ENGLAND: 06084081

PRESTON PRE SCHOOL LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2023

PAGE III

1. ACCOUNTING POLICIES

Basis of Accounting

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective June 2002).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office Equipment
- 25% per annum Reducing Balance Method
2.
FIXED ASSETS
COST
As at 01 August 2022
Additions
At 31 July 2023
DEPRECIATION
As at 01 August 2022
Charge for year
At 31 July 2023
NET BOOK VALUE
At 31 July 2023
At 31 July 2022
3.
COMPANY LIMITED BY GUARANTEE		 Tangible
Assets
£
2506
4041
--------
6547
--------
655
959
------
1614
------
£4933
====
£1851
====

Charity Company Registration Number: 1150841

REGISTERED IN ENGLAND: 08206522

20 September 2023

Casterbridge Hardy LLP “Strathmore” 53 Bowleaze Coveway Preston WEYMOUTH Dorset DT3 6PL

Dear Sir

I can confirm that the following information in connection with the accounts for the year ended 31 July 2023 is, to the best of my knowledge and belief, true and fair bearing in mind the requirement of the Companies Act 2006.

The Director’s emolument for the year is:-

Salary Dividend

£NIL ==== £NIL ====

Yours faithfully

Stuart C Legg Esq Director

Preston Pre School Limited Preston Village Hall Preston Road Preston Weymouth Dorset DT3 6BH

20 September 2023

Casterbridge Hardy LLP “Strathmore” 53 Bowleaze Coveway Preston WEYMOUTH Dorset DT3 6PL

Dear Sir

I can confirm that the following information in connection with the accounts for the year ended 31 July 2023 is, to the best of my knowledge and belief, true and fair bearing in mind the requirement of the Companies Act 2006.

The balance on the director’s current account at 31 July 2023 is as follows:-

£NIL

====

Yours faithfully

Stuart C Legg Esq Director

Preston Pre School Limited Preston Village Hall Preston Road Preston Weymouth Dorset DT3 6BH

20 September 2023

Casterbridge Hardy LLP “Strathmore” 53 Bowleaze Coveway Preston WEYMOUTH Dorset DT3 6PL

Dear Sir

I can confirm that the following information in connection with the accounts for the year ended 31 July 2023 is, to the best of my knowledge and belief, true and fair bearing in mind the requirement of the Companies Act 2006.

The Director’s emolument for the year is:-

Salary Dividend

£NIL ==== £NIL ====

Yours faithfully

Amanda J Gadbsy (Mrs) Director

Preston Pre School Limited Preston Village Hall Preston Road Preston Weymouth Dorset DT3 6BH

20 September 2023

Casterbridge Hardy LLP “Strathmore” 53 Bowleaze Coveway Preston WEYMOUTH Dorset DT3 6PL

Dear Sir

I can confirm that the following information in connection with the accounts for the year ended 31 July 2023 is, to the best of my knowledge and belief, true and fair bearing in mind the requirement of the Companies Act 2006.

The balance on the director’s current account at 31 July 2023 is as follows:-

£NIL

====

Yours faithfully

Amanda J Gadbsy (Mrs) Director

Preston Pre School Limited Preston Village Hall Preston Road Preston Weymouth Dorset DT3 6BH