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REGISTERED NUMBER: 04652111 (England and Wales)















CORNERSTONES PRE-SCHOOL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 JULY 2024






CORNERSTONES PRE-SCHOOL LIMITED (REGISTERED NUMBER: 04652111)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JULY 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


CORNERSTONES PRE-SCHOOL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 JULY 2024







Director: Mrs S Gray





Registered office: 2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR





Registered number: 04652111 (England and Wales)





Accountants: Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR

CORNERSTONES PRE-SCHOOL LIMITED (REGISTERED NUMBER: 04652111)

BALANCE SHEET
29 JULY 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 778 1,037
778 1,037

Current assets
Cash at bank 20,402 6,545

Creditors
Amounts falling due within one year 6 7,034 4,291
Net current assets 13,368 2,254
Total assets less current liabilities 14,146 3,291

Capital and reserves
Called up share capital 2 2
Retained earnings 14,144 3,289
Shareholders' funds 14,146 3,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 22 October 2024 and were signed by:





Mrs S Gray - Director


CORNERSTONES PRE-SCHOOL LIMITED (REGISTERED NUMBER: 04652111)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JULY 2024


1. Statutory information

Cornerstones Pre-School 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 7 (2023 - 7 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 30 July 2023
and 29 July 2024 15,000
Amortisation
At 30 July 2023
and 29 July 2024 15,000
Net book value
At 29 July 2024 -
At 29 July 2023 -

CORNERSTONES PRE-SCHOOL LIMITED (REGISTERED NUMBER: 04652111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 JULY 2024


5. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 30 July 2023
and 29 July 2024 7,326
Depreciation
At 30 July 2023 6,289
Charge for year 259
At 29 July 2024 6,548
Net book value
At 29 July 2024 778
At 29 July 2023 1,037

6. Creditors: amounts falling due within one year
2024 2023
£ £
Taxation and social security 2,837 182
Other creditors 4,197 4,109
7,034 4,291