PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
12008104 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Directors' report period ended 31 May 2024

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

Principal activities of the company

The principal activity of the company is provision of breakfast club and after school club for children.



Directors

The directors shown below have held office during the whole of the period from
1 June 2023 to 31 May 2024

Mr Lee Anthony Lysons
Mr Matthew Litt Parker
Mr Andrew Charles Preston


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
29 January 2025

And signed on behalf of the board by:
Name: Mr Lee Anthony Lysons
Status: Director

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 388,674 240,390
Cost of sales: ( 34,162 ) ( 18,884 )
Gross profit(or loss): 354,512 221,506
Administrative expenses: ( 385,509 ) ( 189,288 )
Other operating income: 38,467 17,280
Operating profit(or loss): 7,470 49,498
Interest payable and similar charges: ( 129 ) ( 136 )
Profit(or loss) before tax: 7,341 49,362
Tax: 3,452 ( 8,064 )
Profit(or loss) for the financial year: 10,793 41,298

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 26,492 788
Total fixed assets: 26,492 788
Current assets
Debtors: 4 4,038 511
Cash at bank and in hand: 68,661 66,509
Total current assets: 72,699 67,020
Creditors: amounts falling due within one year: 5 ( 50,693 ) ( 29,703 )
Net current assets (liabilities): 22,006 37,317
Total assets less current liabilities: 48,498 38,105
Creditors: amounts falling due after more than one year: 6 ( 2,667 ) ( 3,067 )
Total net assets (liabilities): 45,831 35,038
Members' funds
Profit and loss account: 45,831 35,038
Total members' funds: 45,831 35,038

The notes form part of these financial statements

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 May 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 29 January 2025
and signed on behalf of the board by:

Name: Mr Lee Anthony Lysons
Status: Director

The notes form part of these financial statements

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 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

    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 fixed assets depreciation policy

    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. 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: Motor vehicles 25% Reducing balance Office equipment 25% Reducing balance

    Other accounting policies

    TAXATION Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account and Statement of Retained Earnings, 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. 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. BORROWINGS Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. 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.

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 14 8

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 1,814 0 1,814
Additions 279 29,988 30,267
Disposals
Revaluations
Transfers
At 31 May 2024 2,093 29,988 32,081
Depreciation
At 1 June 2023 1,026 0 1,026
Charge for year 200 4,363 4,563
On disposals
Other adjustments
At 31 May 2024 1,226 4,363 5,589
Net book value
At 31 May 2024 867 25,625 26,492
At 31 May 2023 788 0 788

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Trade debtors 0 179
Prepayments and accrued income 143 149
Other debtors 3,895 183
Total 4,038 511

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 400 400
Trade creditors 19,497 2,861
Taxation and social security 4,957 12,136
Accruals and deferred income 18,871 8,401
Other creditors 6,968 5,905
Total 50,693 29,703

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 2,667 3,067
Total 2,667 3,067

COMMUNITY INTEREST ANNUAL REPORT

PLAY AND LEARN SCHEME COMMUNITY INTEREST COMPANY

Company Number: 12008104 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

We have provided outstanding child care provision for several communities. We have been able to provide safe, fun and structured learning and development for many children. Due to us being OFSTED registered, it has massively benefitted working parents / guardians, as they can use child care vouchers or pay using our simple online booking platform. They are able to continue their work commitments, knowing that their children are safe and engaged at Play And Learn Scheme CIC. Several Schools have prospered as it has attracted more children and families to their School, as well as making good community use of their facilities. We continue to open more sites, in order to positively impact more communities. We are also aiming to support the wider community by delivering bespoke community projects. We have partnered with local councils to deliver free holiday clubs to demographics that are in need of the support the most

Consultation with stakeholders

We have had regular discussions with how we can help the wider community. It was agreed that we would aim to deliver bespoke community projects such as aiming to keep 55+ year olds active / working with teenagers on their life skills as well as keeping them active. Further to this, we continue delivering inclusive holiday clubs designed for children with SEND in mind and vulnerable families also.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 January 2025

And signed on behalf of the board by:
Name: Andrew Preston
Status: Director