Rainbow Pre-School (Stansted) 05179971 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is pre-school education Digita Accounts Production Advanced 6.30.9574.0 true true 05179971 2023-09-01 2024-08-31 05179971 2024-08-31 05179971 core:CurrentFinancialInstruments 2024-08-31 05179971 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 05179971 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 05179971 core:FurnitureFittings 2024-08-31 05179971 bus:SmallEntities 2023-09-01 2024-08-31 05179971 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 05179971 bus:FilletedAccounts 2023-09-01 2024-08-31 05179971 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05179971 bus:RegisteredOffice 2023-09-01 2024-08-31 05179971 bus:Director4 2023-09-01 2024-08-31 05179971 bus:Director5 2023-09-01 2024-08-31 05179971 bus:CompanyLimitedByGuarantee 2023-09-01 2024-08-31 05179971 core:FurnitureFittings 2023-09-01 2024-08-31 05179971 countries:EnglandWales 2023-09-01 2024-08-31 05179971 2023-08-31 05179971 core:FurnitureFittings 2023-08-31 05179971 2022-09-01 2023-08-31 05179971 2023-08-31 05179971 core:CurrentFinancialInstruments 2023-08-31 05179971 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 05179971 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 05179971 core:FurnitureFittings 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 05179971

Rainbow Pre-School (Stansted)

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Rainbow Pre-School (Stansted)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Rainbow Pre-School (Stansted)

Company Information

Directors

C Y Hardy

GM Pursglove

Registered office

The Peter Kirk Centre
St Johns Road
Stansted
Essex
CM24 8JP

Accountants

Mansell & Co
Chartered Certified Accountants
5 Ducketts Wharf
South Street
Bishop's Stortford
Hertfordshire
CM23 3AR

 

Rainbow Pre-School (Stansted)

(Registration number: 05179971)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,321

1,761

Current assets

 

Debtors

5

1,816

1,011

Cash at bank and in hand

 

203,296

203,229

 

205,112

204,240

Creditors: Amounts falling due within one year

6

(12,809)

(12,296)

Net current assets

 

192,303

191,944

Total assets less current liabilities

 

193,624

193,705

Creditors: Amounts falling due after more than one year

6

(73,388)

(69,669)

Net assets

 

120,236

124,036

Reserves

 

Retained earnings

120,236

124,036

Surplus

 

120,236

124,036

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 November 2024 and signed on its behalf by:
 

.........................................
C Y Hardy
Director

 

Rainbow Pre-School (Stansted)

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
The Peter Kirk Centre
St Johns Road
Stansted
Essex
CM24 8JP

These financial statements were authorised for issue by the Board on 29 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Rainbow Pre-School (Stansted)

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2023 - 13).

 

Rainbow Pre-School (Stansted)

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 September 2023

7,280

7,280

At 31 August 2024

7,280

7,280

Depreciation

At 1 September 2023

5,519

5,519

Charge for the year

440

440

At 31 August 2024

5,959

5,959

Carrying amount

At 31 August 2024

1,321

1,321

At 31 August 2023

1,761

1,761

5

Debtors

Current

2024
£

2023
£

Trade debtors

1,189

431

Prepayments

627

580

 

1,816

1,011

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

1,439

1,045

Accruals and deferred income

10,880

10,705

Other creditors

490

546

12,809

12,296

 

Rainbow Pre-School (Stansted)

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Deferred income

35,910

31,890

Other non-current financial liabilities

37,478

37,779

73,388

69,669