Registered number
05756948
Woodcroft Pre-School and Wraparound Care
Filleted Abridged Accounts
for the year ended
31 March 2024
Woodcroft Pre-School and Wraparound Care
Accountants' Report
Accountants' report to the directors of
Woodcroft Pre-School and Wraparound Care
You consider that the company is exempt from an audit for the year ended 31 March 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
...............................................................
AA Accountancy Ltd
Incorporated Practising Accountants
22, Meadow Drive
Bembridge
Isle of Wight
Hampshire
PO35 5YA
23 July 2024
Woodcroft Pre-School and Wraparound Care
Registered number: 05756948
Abridged Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 17,260 17,140
Current assets
Debtors 9,170 12,180
Cash at bank and in hand 166,465 93,794
175,635 105,974
Creditors: amounts falling due within one year (15,654) (13,808)
Net current assets 159,981 92,166
Net assets 177,241 109,306
Capital and reserves
Accumulated fund 177,241 109,306
Shareholders' funds 177,241 109,306
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
.................................................
Tracie Voysey
Director
Approved by the board on 23 July 2024
Woodcroft Pre-School and Wraparound Care
Notes to the Abridged Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 18 18
3 Tangible fixed assets
Total
£
Cost
At 1 April 2023 35,380
Additions 4,473
At 31 March 2024 39,853
Depreciation
At 1 April 2023 18,240
Charge for the year 4,353
At 31 March 2024 22,593
Net book value
At 31 March 2024 17,260
At 31 March 2023 17,140
4 Guarantees made by the company on behalf of directors
Main terms Maximum Amount paid
liability and incurred
£ £
Tracie Voysey 1 -
Rachel Reid 1 -
Elaine Keens 1
3 -
5 Other information
Woodcroft Pre-School and Wraparound Care is a private company incorporated in England. Its registered office is :
35-37, Woodcroft Lane
Lovedean
Waterlooville
Hampshire
PO8 9QD
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