Avondale Preparatory School Limited 08381216 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is Education Digita Accounts Production Advanced 6.30.9574.0 true 08381216 2022-09-01 2023-08-31 08381216 2023-08-31 08381216 bus:OrdinaryShareClass1 2023-08-31 08381216 core:RetainedEarningsAccumulatedLosses 2023-08-31 08381216 core:ShareCapital 2023-08-31 08381216 core:CurrentFinancialInstruments 2023-08-31 08381216 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 08381216 core:FurnitureFittings 2023-08-31 08381216 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 08381216 core:MotorVehicles 2023-08-31 08381216 core:OfficeEquipment 2023-08-31 08381216 core:PlantMachinery 2023-08-31 08381216 bus:SmallEntities 2022-09-01 2023-08-31 08381216 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 08381216 bus:AbridgedAccounts 2022-09-01 2023-08-31 08381216 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 08381216 bus:RegisteredOffice 2022-09-01 2023-08-31 08381216 bus:Director1 2022-09-01 2023-08-31 08381216 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 08381216 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 08381216 bus:Agent1 2022-09-01 2023-08-31 08381216 core:Goodwill 2022-09-01 2023-08-31 08381216 core:FurnitureFittings 2022-09-01 2023-08-31 08381216 core:LandBuildings core:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 08381216 core:MotorVehicles 2022-09-01 2023-08-31 08381216 core:OfficeEquipment 2022-09-01 2023-08-31 08381216 core:PlantMachinery 2022-09-01 2023-08-31 08381216 countries:EnglandWales 2022-09-01 2023-08-31 08381216 2022-08-31 08381216 core:FurnitureFittings 2022-08-31 08381216 core:LandBuildings core:OwnedOrFreeholdAssets 2022-08-31 08381216 core:MotorVehicles 2022-08-31 08381216 core:OfficeEquipment 2022-08-31 08381216 core:PlantMachinery 2022-08-31 08381216 2021-09-01 2022-08-31 08381216 2022-08-31 08381216 bus:OrdinaryShareClass1 2022-08-31 08381216 core:RetainedEarningsAccumulatedLosses 2022-08-31 08381216 core:ShareCapital 2022-08-31 08381216 core:CurrentFinancialInstruments 2022-08-31 08381216 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 08381216 core:FurnitureFittings 2022-08-31 08381216 core:LandBuildings core:OwnedOrFreeholdAssets 2022-08-31 08381216 core:MotorVehicles 2022-08-31 08381216 core:OfficeEquipment 2022-08-31 08381216 core:PlantMachinery 2022-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08381216

Avondale Preparatory School Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 August 2023

 

Avondale Preparatory School Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Abridged Balance Sheet

4 to 5

Notes to the Unaudited Abridged Financial Statements

6 to 10

 

Avondale Preparatory School Limited

Company Information

Director

Mr Stuart Watson

Registered office

27-29 High Street
Bulford
Salisbury
Wiltshire
SP4 9DR

 

Avondale Preparatory School Limited

Director's Report for the Year Ended 31 August 2023

The director presents his report and the abridged financial statements for the year ended 31 August 2023.

Director of the company

The director who held office during the year was as follows:

Mr Stuart Watson

Principal activity

The principal activity of the company is Education

Small companies provision statement

This report has 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.

Approved and authorised by the director on 8 February 2024
 

.........................................
Mr Stuart Watson
Director

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Avondale Preparatory School Limited
for the Year Ended 31 August 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Avondale Preparatory School Limited for the year ended 31 August 2023 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Avondale Preparatory School Limited, as a body, in accordance with the terms of our engagement letter dated 25 February 2021. Our work has been undertaken solely to prepare for your approval the accounts of Avondale Preparatory School Limited and state those matters that we have agreed to state to the Board of Directors of Avondale Preparatory School Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Avondale Preparatory School Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Avondale Preparatory School Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Avondale Preparatory School Limited. You consider that Avondale Preparatory School Limited 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 accounts of Avondale Preparatory School Limited. 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 accounts.

......................................

Howdenwhite LLP
Chartered Certified Accountants
Units 16-18, The Boscombe Centre
Mills Way
Amesbury
Salisbury
Wiltshire
SP4 7SD

8 February 2024

 

Avondale Preparatory School Limited

(Registration number: 08381216)
Abridged Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

-

13,417

Tangible assets

4

31,123

126,298

 

31,123

139,715

Current assets

 

Stocks

700

6,500

Debtors

11,890

8,618

Cash at bank and in hand

 

512,120

215,375

 

524,710

230,493

Prepayments and accrued income

 

18,322

3,384

Creditors: Amounts falling due within one year

(92,161)

(51,907)

Net current assets

 

450,871

181,970

Total assets less current liabilities

 

481,994

321,685

Provisions for liabilities

(7,780)

(4,612)

Accruals and deferred income

 

(35,536)

(11,587)

Net assets

 

438,678

305,486

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

438,578

305,386

Shareholders' funds

 

438,678

305,486

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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Avondale Preparatory School Limited

(Registration number: 08381216)
Abridged Balance Sheet as at 31 August 2023

Approved and authorised by the director on 8 February 2024
 

.........................................
Mr Stuart Watson
Director

 

Avondale Preparatory School Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
27-29 High Street
Bulford
Salisbury
Wiltshire
SP4 9DR

2

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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Avondale Preparatory School Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance basis

Fixtures and fittings

15% reducing balance basis

Motor vehicles

25% reducing balance basis

Office equipment

33% reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 years straight line method

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

 

Avondale Preparatory School Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 27 (2022 - 26).

 

Avondale Preparatory School Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2023

4

tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Cost or valuation

At 1 September 2022

83,007

77,592

19,171

25,222

Additions

6,163

-

-

-

Disposals

(89,170)

(2,574)

(12,529)

-

At 31 August 2023

-

75,018

6,642

25,222

Depreciation

At 1 September 2022

-

50,976

16,321

18,283

Charge for the year

-

3,605

393

2,593

Eliminated on disposal

-

-

(11,247)

-

At 31 August 2023

-

54,581

5,467

20,876

Carrying amount

At 31 August 2023

-

20,437

1,175

4,346

At 31 August 2022

83,007

26,616

2,850

6,939

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2022

23,266

228,258

Additions

-

6,163

Disposals

-

(104,273)

At 31 August 2023

23,266

130,148

Depreciation

At 1 September 2022

16,380

101,960

Charge for the year

1,721

8,312

Eliminated on disposal

-

(11,247)

At 31 August 2023

18,101

99,025

Carrying amount

At 31 August 2023

5,165

31,123

At 31 August 2022

6,886

126,298

Included within the net book value of land and buildings above is £Nil (2022 - £83,007) in respect of freehold land and buildings.
 

 

Avondale Preparatory School Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2023

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100