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REGISTERED COMPANY NUMBER: 08316341 (England and Wales)
REGISTERED CHARITY NUMBER: 1151300


















Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Ladybirds Playschool Limited

Ladybirds Playschool Limited






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 12

Ladybirds Playschool Limited (Registered number: 08316341)

Report of the Trustees
for the Year Ended 31 March 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The Trust is established as a Charity with the object of providing Pre School Education for children in the Local Community.

Public benefit
The Trust is providing Pre School Education for children in the Local Community.

The trustees confirm that they have complied with the requirements of section 17 on the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Grantmaking & government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset
received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue
are recognised in income over the period in which the related costs are recognised. Grants relating to assets are
recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is
recognised as deferred income.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
Provision of playschool funded by families and government funding.

FINANCIAL REVIEW
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisational structure
The Charity is managed by an Administrator on a voluntary basis who remains in frequent contact with the Trustees. The Trustees meet formally four times per annum to approve Grants and decide on policy.The areas of activity of the the Charity are described below.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08316341 (England and Wales)

Registered Charity number
1151300

Registered office
Community Centre Poole Road
Upton
Poole
Dorset
BH16 5JA


Ladybirds Playschool Limited (Registered number: 08316341)

Report of the Trustees
for the Year Ended 31 March 2023

Trustees
Ms L Evans Full Time Mother (appointed 8.10.22)
Ms J C Hildreth Retired (resigned 8.7.22)
Ms C Masters Mother
Ms H J Poate Housewife
Mrs D G Powell Housewife
Ms T Spooner Housewife (resigned 8.7.22)
Ms K Stephens Foster Carer And First Resonder Ambulanc (appointed 8.10.22)
Ms J L Watkins Local Authority Employee

Company Secretary

Independent Examiner
Martin Arthur FMAAT, FFA, FFTA, MIH, ACIE
Accountancy Co-operative
Unit 2A
The Courtyard Craft Centre,
Huntick Rd, Lytchett Minster
Poole
Dorset
BH16 6BA

Approved by order of the board of trustees on 22 November 2023 and signed on its behalf by:





Ms C Masters - Trustee

Independent Examiner's Report to the Trustees of
Ladybirds Playschool Limited

Independent examiner's report to the trustees of Ladybirds Playschool Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Martin Arthur FMAAT, FFA, FFTA, MIH, ACIE
The Association of Accounting Technicians

Accountancy Co-operative
Unit 2A
The Courtyard Craft Centre,
Huntick Rd, Lytchett Minster
Poole
Dorset
BH16 6BA

22 November 2023

Ladybirds Playschool Limited

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 31 March 2023

31.3.23 31.3.22
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 391 3,914

Charitable activities 4
Playschool 100,455 77,185

Investment income 3 83 2
Total 100,929 81,101

EXPENDITURE ON
Raising funds
Raising donations and legacies 80 1,478
80 1,478

Charitable activities 5
Playschool 96,915 88,894
Total 96,995 90,372

NET INCOME/(EXPENDITURE) 3,934 (9,271 )


RECONCILIATION OF FUNDS
Total funds brought forward 26,330 19,111

TOTAL FUNDS CARRIED FORWARD 30,264 9,840

CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.

Ladybirds Playschool Limited (Registered number: 08316341)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 11 839 1,118

CURRENT ASSETS
Cash at bank and in hand 12 42,117 25,486

CREDITORS
Amounts falling due within one year 13 (700 ) (274 )

NET CURRENT ASSETS 41,417 25,212

TOTAL ASSETS LESS CURRENT
LIABILITIES

42,256

26,330

NET ASSETS 42,256 26,330
FUNDS 14
Unrestricted funds 42,256 26,330
TOTAL FUNDS 42,256 26,330

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that 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 charitable 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 charitable company.

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


The financial statements were approved by the Board of Trustees and authorised for issue on 22 November 2023 and were signed on its behalf by:





C Masters - Trustee

Ladybirds Playschool Limited

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Ladybirds Playschool Limited meets the public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Equipment - 25% on reducing balance

Individual fixed assets costing £1,000.00 or more are initially recorded at cost.

Taxation
The charity is exempt from corporation tax on its charitable activities.

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and
therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the
charity is potentially exempt from taxation in respect of income or capital gains received within categories
covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Ladybirds Playschool Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES
31.3.23 31.3.22
£    £   
Donations from Individuals 20 3,410
Fund Raising 371 504
391 3,914

3. INVESTMENT INCOME

Bank interest.

4. INCOME FROM CHARITABLE ACTIVITIES
31.3.23 31.3.22
Activity £    £   
Funding Playschool 100,455 77,185

Grants received, included in the above, are as follows:
31.3.23 31.3.22
£    £   
Playschool Funding 100,455 77,185

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income isrecognised as a liability and included on the balance sheet as deferred income to be released.

5. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 6) Totals
£    £    £   
Playschool 94,759 2,156 96,915


Ladybirds Playschool Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. SUPPORT COSTS
Governance
Management Finance costs Totals
£    £    £    £   
Playschool 1,366 90 700 2,156

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.23 31.3.22
£    £   
Depreciation - owned assets 279 373

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.


9. STAFF COSTS
31.3.23 31.3.22
£    £   
Wages and salaries 74,327 71,129
Social security costs 5,677 4,261
Other pension costs 5,563 5,385
85,567 80,775

The average monthly number of employees during the year was as follows:

31.3.23 31.3.22
Staff 6 5
Bookkeeper 1 1
7 6

No employees received emoluments in excess of £60,000.


Ladybirds Playschool Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 3,914

Charitable activities
Playschool 77,185

Investment income 2
Total 81,101

EXPENDITURE ON
Raising funds
Raising donations and legacies 1,478
1,478

Charitable activities
Playschool 88,894
Total 90,372

NET INCOME/(EXPENDITURE) (9,271 )


RECONCILIATION OF FUNDS
Total funds brought forward 19,111

TOTAL FUNDS CARRIED FORWARD 9,840

11. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 April 2022 and 31 March 2023 15,000
DEPRECIATION
At 1 April 2022 13,882
Charge for year 279
At 31 March 2023 14,161
NET BOOK VALUE
At 31 March 2023 839
At 31 March 2022 1,118

Ladybirds Playschool Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

12. CASH AT BANK AND IN HAND

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value.

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Accountancy 700 274

Trade Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an
unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve
months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months
after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost
using the effective interest method.

14. MOVEMENT IN FUNDS
Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
Running a playschool 26,330 15,926 42,256

TOTAL FUNDS 26,330 15,926 42,256

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
Running a playschool 112,921 (96,995 ) 15,926

TOTAL FUNDS 112,921 (96,995 ) 15,926


Comparatives for movement in funds

Net
movement At
At 1.4.21 in funds 31.3.22
£    £    £   
Unrestricted funds
Running a playschool 19,111 7,219 26,330

TOTAL FUNDS 19,111 7,219 26,330

Ladybirds Playschool Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

14. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
Running a playschool 97,591 (90,372 ) 7,219

TOTAL FUNDS 97,591 (90,372 ) 7,219

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.21 in funds 31.3.23
£    £    £   
Unrestricted funds
Running a playschool 19,111 23,145 42,256

TOTAL FUNDS 19,111 23,145 42,256

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
Running a playschool 210,512 (187,367 ) 23,145

TOTAL FUNDS 210,512 (187,367 ) 23,145

15. EMPLOYEE BENEFIT OBLIGATIONS

Pensions and other retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed
contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.


Ladybirds Playschool Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.