Registration number:
Charity number :1179432
Standish Under 5's Limited
(Charity and Company Limited by Guarantee)
for the Year Ended 31 August 2023
Standish Under 5's Limited
Contents
Charity and Company Information |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Standish Under 5's Limited
Charity and Company Information
Directors |
Mrs Katie Wallington Mrs Emily Sarah Atkinson Roberts Mr Adam Marsh Miss Davina Perry Mrs Victoria Rimmington |
Registered office |
|
Accountants |
|
Standish Under 5's Limited
(Registration number: 11347439)
Balance Sheet as at 31 August 2023
Note |
2023 |
2022 |
|
Current assets |
|||
Cash at bank and in hand |
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net assets |
|
|
|
Reserves |
|||
Retained earnings |
12,634 |
10,996 |
|
Surplus |
12,634 |
10,996 |
For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
Standish Under 5's Limited
(Registration number: 11347439)
Balance Sheet as at 31 August 2023
......................................... |
......................................... |
Standish Under 5's Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023
General information |
The company is a charity and company limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.
The address of its registered office is:
England
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 1 02 Section 1A - 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' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Standish Under 5's Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Income resources
Incoming resources, which primarily represent fee income from the provision of educational services, are recognized on the year in which the services are provided, and grant income is recognized in the year to which the grant relates.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the charity and company's activities
Resources expended
All expenditure is accounted for on an accruals basis and resources expended and recognized in the year in which goods or services are received.
Fund Accounting
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the company.
Cash and cash equivalents
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.
Standish Under 5's Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023
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 company 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.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company 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 as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was