IRIS Accounts Production v23.4.0.336 02644487 Board of Directors 1.9.22 31.8.23 31.8.23 20.2.2024 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh026444872022-08-31026444872023-08-31026444872022-09-012023-08-31026444872021-08-31026444872021-09-012022-08-31026444872022-08-3102644487ns15:EnglandWales2022-09-012023-08-3102644487ns14:PoundSterling2022-09-012023-08-3102644487ns10:Director12022-09-012023-08-3102644487ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3102644487ns10:SmallEntities2022-09-012023-08-3102644487ns10:Audited2022-09-012023-08-3102644487ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3102644487ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3102644487ns10:FullAccounts2022-09-012023-08-3102644487ns10:Director22022-09-012023-08-3102644487ns10:Director32022-09-012023-08-3102644487ns10:RegisteredOffice2022-09-012023-08-3102644487ns5:CurrentFinancialInstruments2023-08-3102644487ns5:CurrentFinancialInstruments2022-08-3102644487ns5:ShareCapital2023-08-3102644487ns5:ShareCapital2022-08-3102644487ns5:RetainedEarningsAccumulatedLosses2023-08-3102644487ns5:RetainedEarningsAccumulatedLosses2022-08-3102644487ns5:FurnitureFittings2022-08-3102644487ns5:FurnitureFittings2022-09-012023-08-3102644487ns5:FurnitureFittings2023-08-3102644487ns5:FurnitureFittings2022-08-3102644487ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3102644487ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-31
REGISTERED NUMBER: 02644487 (England and Wales)



















Financial Statements

for the Year Ended 31 August 2023

for

Repton School Enterprises Limited

Repton School Enterprises Limited (Registered number: 02644487)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Repton School Enterprises Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: R J Fletcher ACMA
J Golding
K K Joshi





REGISTERED OFFICE: 1 High Street
Repton
Derbyshire
DE65 6GD





REGISTERED NUMBER: 02644487 (England and Wales)





AUDITORS: Bates Weston Audit Ltd
Statutory Auditors
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Repton School Enterprises Limited (Registered number: 02644487)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,039 10,551

CURRENT ASSETS
Stocks 40,911 105,066
Debtors 5 467,177 73,386
Cash at bank and in hand 414,920 821,183
923,008 999,635
CREDITORS
Amounts falling due within one year 6 902,665 1,109,253
NET CURRENT ASSETS/(LIABILITIES) 20,343 (109,618 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,382

(99,067

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 42,382 (100,067 )
SHAREHOLDERS' FUNDS 43,382 (99,067 )

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:





K K Joshi - Director


Repton School Enterprises Limited (Registered number: 02644487)

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

1. STATUTORY INFORMATION

Repton School Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of services to customers during the year.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment loss. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter:

Fixtures and fittings - 15% and 25% on a straight line basis

Stocks
Stocks are included at purchase invoice cost and are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

At each reporting date, stock is assessed for impairment. If stock is 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.

Gift aid payment to charity
Where distributable profits are sufficient, the company pays all its taxable profits (if any) for the reporting period to its parent charity under the gift aid scheme. These gift aid payments are recognised as distributions to owners in equity within retained earnings.

No legal obligation is in place at the reporting date for the company to make gift aid payments, although prior to the reporting date the board had indicated its intention to pay any taxable profits to the parent charity in respect of the reporting period. The payment (where due) is expected to be made within 9 months of the end of the reporting date.

The change in accounting policy for gift aid payments results in the company recognising a taxation charge on its profits for the year. However, the application of the exception under paragraph 29.14A of FRS 102 provides relief in respect of the accounting for the tax charge. This results in an overall £NIL charge for tax in the income statement. This exception is only applicable as it is probable that the gift aid payment (where due) will be made by the company to the parent charity within 9 months of the reporting date.


Repton School Enterprises Limited (Registered number: 02644487)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Related parties
The company is a wholly owned subsidiary undertaking. The company has taken advantage of the exemption contained within Financial Reporting Standard 102 and has therefore not disclosed transactions with entities which form part of the group, other than as normally disclosed in the notes to the financial statements.

Going concern
The group has indicated further reasonable support is available and that no repayments on inter-company loans will be required until the company has adequate funds. The company has returned to profitability and the directors therefore continue to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 65 (2022 - 54 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2022 65,429
Additions 14,755
At 31 August 2023 80,184
DEPRECIATION
At 1 September 2022 54,878
Charge for year 2,267
At 31 August 2023 57,145
NET BOOK VALUE
At 31 August 2023 23,039
At 31 August 2022 10,551

Repton School Enterprises Limited (Registered number: 02644487)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 455,205 60,373
Other debtors 8,333 9,193
Prepayments 3,639 3,820
467,177 73,386

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 20,339 49,477
Tax 21,785 4,699
Social security and other taxes 201,427 76,598
Other creditors 22,374 -
Owed to group undertakings 545,106 938,259
Accruals and deferred income 91,634 40,220
902,665 1,109,253

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Wayne Thomas ACA (Senior Statutory Auditor)
for and on behalf of Bates Weston Audit Ltd