SMALL WORLD NURSERY (WATFORD) CIC

Company Registration Number:
12037800 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

SMALL WORLD NURSERY (WATFORD) CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

SMALL WORLD NURSERY (WATFORD) CIC

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Directors

The director shown below has held office during the whole of the period from
1 January 2023 to 31 December 2023

Joy Beattie


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
13 August 2024

And signed on behalf of the board by:
Name: Joy Beattie
Status: Director

SMALL WORLD NURSERY (WATFORD) CIC

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 798,765 714,745
Cost of sales: ( 702,169 ) ( 616,887 )
Gross profit(or loss): 96,596 97,858
Administrative expenses: ( 97,215 ) ( 97,881 )
Operating profit(or loss): (619) (23)
Profit(or loss) before tax: (619) (23)
Profit(or loss) for the financial year: (619) (23)

SMALL WORLD NURSERY (WATFORD) CIC

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 8,787 13,649
Cash at bank and in hand: 262,524 232,244
Total current assets: 271,311 245,893
Creditors: amounts falling due within one year: 4 ( 257,671 ) ( 216,634 )
Net current assets (liabilities): 13,640 29,259
Total assets less current liabilities: 13,640 29,259
Creditors: amounts falling due after more than one year: 5 ( 15,000 ) ( 30,000 )
Total net assets (liabilities): (1,360) (741)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (1,362 ) (743 )
Total Shareholders' funds: ( 1,360 ) (741)

The notes form part of these financial statements

SMALL WORLD NURSERY (WATFORD) CIC

Balance sheet statements

For the year ending 31 December 2023 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 13 August 2024
and signed on behalf of the board by:

Name: Joy Beattie
Status: Director

The notes form part of these financial statements

SMALL WORLD NURSERY (WATFORD) CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 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

SMALL WORLD NURSERY (WATFORD) CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 14 13

SMALL WORLD NURSERY (WATFORD) CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Debtors

2023 2022
£ £
Trade debtors 8,787 10,206
Other debtors 3,443
Total 8,787 13,649

SMALL WORLD NURSERY (WATFORD) CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 30,590 36,204
Taxation and social security 9,143 10,726
Other creditors 217,938 169,704
Total 257,671 216,634

SMALL WORLD NURSERY (WATFORD) CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

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

2023 2022
£ £
Bank loans and overdrafts 15,000 30,000
Total 15,000 30,000

COMMUNITY INTEREST ANNUAL REPORT

SMALL WORLD NURSERY (WATFORD) CIC

Company Number: 12037800 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

The company continued to support the local community by offering nursery places to vulnerable 2 old children and also offered places to children with additional needs. The company continued to support those families requiring additional help for their children with education and social services by liaising with education and heath professionals and local schools as appropriate.

Consultation with stakeholders

The stakeholders include the families of the local community whether living in the area or whether the parents come into the area to work. The company has a website and social media presence which allows stakeholders to contact the company for any help and advice. Additionally there is a dedicated and secure email system for parents and carers of children attending the nursery so that information can be shared and comments and suggestions made. A weekly newsletter is sent to all parents and carers of children attending so that they are fully informed of all events affecting their children.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by the director in respect of qualifying services was £57,244.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
13 August 2024

And signed on behalf of the board by:
Name: Ms J Beattie
Status: Director