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REGISTERED NUMBER: 06427312 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

BLUE SKIES SCHOOL LTD

BLUE SKIES SCHOOL LTD (REGISTERED NUMBER: 06427312)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLUE SKIES SCHOOL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: L M Higgins
J Q Higgins





SECRETARY: L M Higgins





REGISTERED OFFICE: 126 Maidstone Road
Chatham
Kent
ME4 6DQ





REGISTERED NUMBER: 06427312 (England and Wales)





ACCOUNTANTS: Friend & Grant Ltd
Bryant House
Bryant Road
Strood
Rochester
Kent
ME2 3EW

BLUE SKIES SCHOOL LTD (REGISTERED NUMBER: 06427312)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 339,160 354,773

CURRENT ASSETS
Debtors 6 21,371 21,983
Cash at bank and in hand 186,911 358,591
208,282 380,574
CREDITORS
Amounts falling due within one year 7 67,073 83,015
NET CURRENT ASSETS 141,209 297,559
TOTAL ASSETS LESS CURRENT
LIABILITIES

480,369

652,332

CREDITORS
Amounts falling due after more than one
year

8

-

(51,106

)

PROVISIONS FOR LIABILITIES (9,939 ) -
NET ASSETS 470,430 601,226

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 470,130 600,926
SHAREHOLDERS' FUNDS 470,430 601,226

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

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

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which 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 company as at the end of each financial year and of its profit or loss 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 company.

BLUE SKIES SCHOOL LTD (REGISTERED NUMBER: 06427312)

BALANCE SHEET - continued
31 AUGUST 2023


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 Income Statement has not been delivered.

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




J Q Higgins - Director



L M Higgins - Director


BLUE SKIES SCHOOL LTD (REGISTERED NUMBER: 06427312)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Blue Skies School Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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 presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.The policies adopted for the recognition of turnover are as following:

-Fees revenue
Revenue from fees income is recognised when the fee in respect of the provision of educational services provided is receivable.

-Grant revenue
Grant revenue is recognised when the school obtains control or right to receive the grant, it is probable that the economic benefits gained from the grant will flow to the school, and the amount of the grant can be measured reliably. Grants received on the condition that specified services are delivered, or conditions are fulfilled, are initially recognised as a liability and revenue is recognised as services are performed or conditions fulfilled.

-Interest receivable
Interest income is recognised using the effective interest method.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance


BLUE SKIES SCHOOL LTD (REGISTERED NUMBER: 06427312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for administrative staff, and also makes contributions into the Teachers' Pension Scheme for teaching staff, a defined benefit scheme run by the Teachers' Pension Agency.

Contributions payable to the defined contribution pension scheme are charged to the profit and loss account in the period to which they relate.

Teaching staff belong to the Teacher's Pension Scheme. This is an unfunded defined benefit scheme operated by the Government with contributions calculated on an actuarial basis, but set in relation to the current service period only. In accordance with paragraph 9(a) of FRS17 the contributions have been accounted for as if this were a defined contribution scheme. The employer's contribution was 23.68% for the year.

Employee benefits
The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 14 ) .

BLUE SKIES SCHOOL LTD (REGISTERED NUMBER: 06427312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2022 425,776 89,051 36,596 551,423
Additions - 830 - 830
Disposals - (25,190 ) - (25,190 )
At 31 August 2023 425,776 64,691 36,596 527,063
DEPRECIATION
At 1 September 2022 101,965 62,545 32,140 196,650
Charge for year 8,515 5,075 891 14,481
Eliminated on disposal - (23,228 ) - (23,228 )
At 31 August 2023 110,480 44,392 33,031 187,903
NET BOOK VALUE
At 31 August 2023 315,296 20,299 3,565 339,160
At 31 August 2022 323,811 26,506 4,456 354,773

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 21,371 21,983

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 6,919 30,266
Other creditors 60,154 52,749
67,073 83,015

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors - 51,106

9. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £7,527 (2022: £11,854).

BLUE SKIES SCHOOL LTD (REGISTERED NUMBER: 06427312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
J Q Higgins
Balance outstanding at start of year (16,226 ) (14,859 )
Amounts advanced 259 -
Amounts repaid (13,324 ) (1,367 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (29,291 ) (16,226 )

L M Higgins
Balance outstanding at start of year (10,768 ) (9,897 )
Amounts advanced 259 -
Amounts repaid (13,065 ) (871 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (23,574 ) (10,768 )

The loans from the directors to the company are unsecured and repayable on demand. Interest is charged on the loans at a rate of 12% per annum.