LADYBIRDS PLAYSCHOOL LIMITED

Company limited by guarantee

Company Registration Number:
08316341 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

LADYBIRDS PLAYSCHOOL LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

LADYBIRDS PLAYSCHOOL LIMITED

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The Trust is established as a Charity with the object of providing Pre School-Education for children in the Local Community.



Directors

The director shown below has held office during the whole of the period from
1 April 2023 to 31 March 2024

Cindy Masters


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
7 October 2024

And signed on behalf of the board by:
Name: Cindy Masters
Status: Director

LADYBIRDS PLAYSCHOOL LIMITED

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 124,597 100,929
Gross profit(or loss): 124,597 100,929
Administrative expenses: ( 120,027 ) ( 96,295 )
Operating profit(or loss): 4,570 4,634
Profit(or loss) before tax: 4,570 4,634
Profit(or loss) for the financial year: 4,570 4,634

LADYBIRDS PLAYSCHOOL LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 629 839
Investments:   0 0
Total fixed assets: 629 839
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 64,102 42,117
Investments:   0 0
Total current assets: 64,102 42,117
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 1,000 ) ( 700 )
Net current assets (liabilities): 63,102 41,417
Total assets less current liabilities: 63,731 42,256
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 63,731 42,256
Members' funds
Profit and loss account: 63,731 42,256
Total members' funds: 63,731 42,256

The notes form part of these financial statements

LADYBIRDS PLAYSCHOOL LIMITED

Balance sheet statements

For the year ending 31 March 2024 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 7 October 2024
and signed on behalf of the board by:

Name: Cindy Masters
Status: Director

The notes form part of these financial statements

LADYBIRDS PLAYSCHOOL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 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

    All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Equipment 25% on reducing balance Individual fixed assets costing £1,000.00 or more are initially recorded at cost.

    Valuation information and policy

    Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

    Other accounting policies

    OBJECTIVES AND ACTIVITIES Objectives and aims The Trust is established as a Charity with the object of providing Pre School-Education for children in the Local Community. Public benefit The Trust is providing Pre School-Education for children in the Local Community. The trustees confirm that they have complied with the requirements of section 17 on the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Grant making & government grants Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income. ACHIEVEMENT AND PERFORMANCE Charitable activities Provision of playschool funded by families and government funding. FINANCIAL REVIEW Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Organisational structure The Charity is managed by an Administrator on a voluntary basis who remains in frequent contact with the Trustees. The Trustees meet formally four times per annum to approve Grants and decide on policy. The areas of activity of the Charity are described below. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 08316341 (England and Wales) Registered Charity number 1151300 Registered office Community Centre Poole Road Upton Poole Dorset BH16 5JA Trustees Ms L Evans Full Time Mother (appointed 8.10.22) Ms C Masters Mother Ms H J Poate Housewife Mrs D G Powell Housewife Ms K Stephens Foster Carer and First Responder Ambulance (appointed 8.10.22) Ms J L Watkins Local Authority Employee Company Secretary Independent Examiner Martin Arthur FMAAT, FFA, FFTA, MIH, ACIE Accountancy Co-operative Unit 2A The Courtyard Craft Centre, Huntick Rd, Lytchett Minster Poole Dorset BH16 6BA Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with 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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Ladybirds Playschool Limited meets the public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the yearend date are noted as a commitment but not accrued as expenditure. Raising funds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. Taxation The charity is exempt from corporation tax on its charitable activities. The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore, it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

LADYBIRDS PLAYSCHOOL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 7 7

LADYBIRDS PLAYSCHOOL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 15,000 15,000
Additions
Disposals
Revaluations
Transfers
At 31 March 2024 15,000 15,000
Depreciation
At 1 April 2023 14,161 14,161
Charge for year 210 210
On disposals
Other adjustments
At 31 March 2024 14,371 14,371
Net book value
At 31 March 2024 629 629
At 31 March 2023 839 839

LADYBIRDS PLAYSCHOOL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 1,000 700
Total 1,000 700

LADYBIRDS PLAYSCHOOL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Financial Commitments

Independent Examiner's Report to the Trustees of Ladybirds Playschool Limited Independent examiner's report to the trustees of Ladybirds Playschool Limited ('the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Martin Arthur FMAAT, FFA, FFTA, MIH, ACIE The Association of Accounting Technicians Accountancy Co-operative Unit 2A The Courtyard Craft Centre, Huntick Rd, Lytchett Minster Poole Dorset BH16 6BA 7th October 2024