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Company registration number: 08375853
The Hullbridge Pre-School Ltd Company limited by guarantee
Unaudited financial statements
31 August 2021
The Hullbridge Pre-School Ltd Company limited by guarantee
| Contents | ||
|---|---|---|
| Page | ||
| Directors and other information | 1 | |
| Director's report | 2 | |
| Statement of comprehensive income | 3 | |
| Statement of financial position | 4 - 5 | |
| Notes to the financial statements | 6 - 9 |
The Hullbridge Pre-School Ltd Company limited by guarantee
Directors and other information
| Director | Miss Donna Thresher |
|---|---|
| Secretary | Kristy Sangwin |
| Company number | 08375853 |
| Registered office | Ferry Road |
| Hullbridge | |
| Essex | |
| SS5 6ND | |
| Business address | Ferry Road |
| Hullbridge | |
| Essex | |
| SS5 6ND | |
| Independent Examiner | Reddish Accountancy Services |
| Limited | |
| 125 Richmond Avenue | |
| Shoeburyness | |
| Southend On Sea | |
| Essex | |
| SS3 9LF |
Page 1
The Hullbridge Pre-School Ltd Company limited by guarantee
Director's report Year ended 31 August 2021
The director presents her report and the unaudited financial statements of the company for the year ended 31 August 2021.
Director
The director who served the company during the year was as follows:
Miss Donna Thresher
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 18 November 2021 and signed on behalf of the board by:
Miss Donna Thresher Director
Page 2
The Hullbridge Pre-School Ltd Company limited by guarantee
Statement of comprehensive income Year ended 31 August 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Turnover | 116,550 | 136,821 | |||
| Cost of sales | ) (3,036 |
) (972 |
|||
| Gross profit | 113,514 | 135,849 | |||
| Administrative expenses | (132,612 | ) | (115,020 | ) | |
| Operating (loss)/profit | ) (19,098 |
20,829 | |||
| (Loss)/profit before taxation | 6 | ) (19,098 |
20,829 | ||
| Tax on (loss)/profit | - | - | |||
| (Loss)/profit for the financial year and total | |||||
| comprehensive income | ) (19,098 |
20,829 |
All the activities of the company are from continuing operations.
The notes on pages 6 to 9 form part of these financial statements.
Page 3
The Hullbridge Pre-School Ltd Company limited by guarantee
Statement of financial position 31 August 2021
| Note Fixed assets Tangible assets 7 Current assets Debtors 8 Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Total assets less current liabilities Net assets Capital and reserves Profit and loss account Members funds |
2021 £ 31,190 10,000 26,299 36,299 ) (3,307 |
£ 31,190 32,992 64,182 64,182 64,182 64,182 |
2020 £ 35,754 4,592 45,587 50,179 ) (2,653 |
£ 35,754 47,526 |
|---|---|---|---|---|
| 83,280 | ||||
| 83,280 | ||||
| 83,280 | ||||
| 83,280 |
For the year ending 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The notes on pages 6 to 9 form part of these financial statements.
Page 4
The Hullbridge Pre-School Ltd Company limited by guarantee
Statement of financial position (continued)
31 August 2021
These financial statements were approved by the board of directors and authorised for issue on 18 November 2021, and are signed on behalf of the board by:
Miss Donna Thresher Director
Company registration number: 08375853
The notes on pages 6 to 9 form part of these financial statements.
Page 5
The Hullbridge Pre-School Ltd Company limited by guarantee
Notes to the financial statements Year ended 31 August 2021
1. General information
The company is a private company limited by guarantee, registered in England & Wales. The address of the registered office is Riverside Primary School, Ferry Road, Hullbridge, Essex, SS5 6ND.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Page 6
The Hullbridge Pre-School Ltd Company limited by guarantee
Notes to the financial statements (continued) Year ended 31 August 2021
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| Plant and machinery | - | 25% | reducing balance |
|---|---|---|---|
| Fittings fixtures and equipment | - | 10% | straight line |
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Page 7
The Hullbridge Pre-School Ltd Company limited by guarantee
Notes to the financial statements (continued) Year ended 31 August 2021
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Limited by guarantee
The liability of each member is limited to £1, being the amount that each member undertakes to contribute to the assets of the company in the event of its being wound up while he or she is a member, or within one year after they cease to be a member.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2020: 11).
Page 8
The Hullbridge Pre-School Ltd Company limited by guarantee
Notes to the financial statements (continued) Year ended 31 August 2021
6. Loss/profit before taxation
Loss/profit before taxation is stated after charging/(crediting):
| 2021 £ Depreciation of tangible assets 4,564 7. Tangible assets Fixtures, fittings and equipment £ Cost At 1 September 2020 and 31 August 2021 45,597 Depreciation At 1 September 2020 9,843 Charge for the year 4,564 At 31 August 2021 14,407 Carrying amount At 31 August 2021 31,190 At 31 August 2020 35,754 8. Debtors 2021 £ Trade debtors - Other debtors 10,000 10,000 9. Creditors: amounts falling due within one year 2021 £ Social security and other taxes 2,557 Other creditors 750 3,307 |
2020 £ 4,568 |
|---|---|
| Total £ 45,597 |
|
| 9,843 4,564 |
|
| 14,407 | |
| 31,190 | |
| 35,754 | |
| 2020 £ 4,592 - |
|
| 4,592 | |
| 2020 £ 1,903 750 |
|
| 2,653 |
Page 9
The Hullbridge Pre-School Ltd Company limited by guarantee
The following pages do not form part of the statutory accounts.
The Hullbridge Pre-School Ltd Company limited by guarantee
Detailed income statement Year ended 31 August 2021
| Turnover Fees funding Fees non funded pupils Fundraising and other income Direct needs fund Cost of sales Purchases Gross profit Gross profit percentage Overheads Administrative expenses Wages and salaries Pensions Staff training and welfare Rent Insurance Repairs and maintenance Printing, postage and stationery Advertising Telephone Professional fees Accountancy fees Sundry expenses Subscriptions Depreciation Operating (loss)/profit (Loss)/profit before taxation |
2021 £ 87,639 22,137 925 5,849 116,550 ) (3,036 ) (3,036 113,514 % 97.4 71,985 4,920 1,365 5,530 551 230 112 - 479 41,200 750 443 483 4,564 132,612 ) (19,098 ) (19,098 |
2020 £ 104,842 24,285 1,141 6,553 136,821 ) (972 ) (972 135,849 % 99.3 47,672 4,920 687 3,519 664 816 166 954 523 49,000 780 502 249 4,568 115,020 20,829 20,829 |
|---|---|---|
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