PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
12008104 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 June 2022

End date: 31 May 2023

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 May 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Directors' report period ended 31 May 2023

The directors present their report with the financial statements of the company for the period ended 31 May 2023

Principal activities of the company

Provision of Breakfast club and After School Club for children



Directors

The directors shown below have held office during the whole of the period from
1 June 2022 to 31 May 2023

Andrew Preston
Matthew Parker
Lee Lysons


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 February 2024

And signed on behalf of the board by:
Name: Lee Lysons
Status: Director

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 May 2023

2023 2022


£

£
Turnover: 240,390 84,694
Cost of sales: ( 18,884 ) ( 1,383 )
Gross profit(or loss): 221,506 83,311
Administrative expenses: ( 189,289 ) ( 83,316 )
Other operating income: 17,280 1,028
Operating profit(or loss): 49,497 1,023
Interest payable and similar charges: ( 136 ) ( 48 )
Profit(or loss) before tax: 49,361 975
Tax: ( 8,064 )
Profit(or loss) for the financial year: 41,297 975

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 May 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 788 484
Total fixed assets: 788 484
Current assets
Debtors: 4 510 149
Cash at bank and in hand: 66,509 5,674
Total current assets: 67,019 5,823
Creditors: amounts falling due within one year: 5 ( 29,703 ) ( 9,100 )
Net current assets (liabilities): 37,316 (3,277)
Total assets less current liabilities: 38,104 ( 2,793)
Creditors: amounts falling due after more than one year: 6 ( 3,067 ) ( 3,467 )
Total net assets (liabilities): 35,037 (6,260)
Members' funds
Profit and loss account: 35,037 ( 6,260)
Total members' funds: 35,037 (6,260)

The notes form part of these financial statements

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 23 February 2024
and signed on behalf of the board by:

Name: Lee Lysons
Status: Director

The notes form part of these financial statements

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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.

    Tangible fixed assets depreciation policy

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

    Other 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 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 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.Going concern:The financial statements have been prepared on a going concern basis.Tax:The tax expense for the period comprises current 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.Tangible assets:Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition andinstallation.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.Trade debtors:Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.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.Borrowings:Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.Interest expense is recognised on the basis of the effective interest method and is included in interest payableand similar charges.Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlementof the liability for at least twelve months after the reporting date.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.

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 8 5

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2022 1,235 1,235
Additions 579 579
Disposals
Revaluations
Transfers
At 31 May 2023 1,814 1,814
Depreciation
At 1 June 2022 751 751
Charge for year 275 275
On disposals
Other adjustments
At 31 May 2023 1,026 1,026
Net book value
At 31 May 2023 788 788
At 31 May 2022 484 484

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Debtors

2023 2022
£ £
Trade debtors 179
Prepayments and accrued income 183
Other debtors 148 149
Total 510 149

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 400 400
Trade creditors 2,861 123
Taxation and social security 12,136 1,169
Accruals and deferred income 8,401 1,096
Other creditors 5,905 6,312
Total 29,703 9,100

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 3,067 3,467
Total 3,067 3,467

COMMUNITY INTEREST ANNUAL REPORT

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Company Number: 12008104 (England and Wales)

Year Ending: 31 May 2023

Company activities and impact

We provide wrap around child care provision for the community. We have been able to provide safe, fun and structured learning for many children. The community have benefitted from this in various ways, such as; PALS delivering local activities to engage youths in the area. Offering employment to people in the local area. Working closely with the elderly and vulnerable. The School has prospered as it has attracted more children and families to their School as well as making good community use of their facilities. PALS ensure quality throughout their settings and provide a safe space for many. Due to our values, Schools are liaising with each other and requesting that PALS open sites in their local communities. PALS is now operating in more sites than ever before. We have become a trusted partner of several councils and still deliver outstanding HAF holiday clubs, that allow families from a vulnerable / deprived demographic to access our fun, safe and engaging camps.

Consultation with stakeholders

We have regular meetings in order to develop our service to the local communities. We have delivered a host of projects and have some more in the pipeline. We still continue to grow and give access to more and more deprived/vulnerable children to be able to have the opportunity of attending our HAF holiday camps. Further to this, we are delivering inclusive holiday clubs designed for children with SEND in mind, as well as 12-16 year olds. Due to our growth, we take pride in our policies and procedures and therefore need to meet regularly to ensure that we are doing everything to an outstanding standard.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 January 2024

And signed on behalf of the board by:
Name: Andrew Preston
Status: Director