HOLLIN NURSERY COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
06487646 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

HOLLIN NURSERY COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

HOLLIN NURSERY COMMUNITY INTEREST COMPANY

Directors' report period ended 31 January 2024

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

Principal activities of the company

The principal activity of the company in the year under review was that of nursery services.



Directors

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

Pauline Andrew
Gaynor Ramsbottom
Diane Smith


The director shown below has held office during the period of
8 November 2023 to 31 January 2024

Debbie Bravender


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
24 October 2024

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

HOLLIN NURSERY COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 158,042 130,382
Cost of sales: ( 205,975 ) ( 175,637 )
Gross profit(or loss): (47,933) (45,255)
Administrative expenses: ( 59,125 ) ( 51,967 )
Other operating income: 97,573 139,298
Operating profit(or loss): (9,485) 42,076
Interest payable and similar charges: ( 1,689 ) ( 1,635 )
Profit(or loss) before tax: (11,174) 40,441
Tax: ( 7,684 )
Profit(or loss) for the financial year: (11,174) 32,757

HOLLIN NURSERY COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 6,077 5,744
Cash at bank and in hand: 229,725 256,649
Total current assets: 235,802 262,393
Creditors: amounts falling due within one year: 4 ( 4,262 ) ( 19,679 )
Net current assets (liabilities): 231,540 242,714
Total assets less current liabilities: 231,540 242,714
Creditors: amounts falling due after more than one year: 5 ( 71,514 ) ( 71,514 )
Total net assets (liabilities): 160,026 171,200
Members' funds
Profit and loss account: 160,026 171,200
Total members' funds: 160,026 171,200

The notes form part of these financial statements

HOLLIN NURSERY COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 January 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 24 October 2024
and signed on behalf of the board by:

Name: Pauline Andrew
Status: Director

The notes form part of these financial statements

HOLLIN NURSERY COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

    Other accounting policies

    Revenue from sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferredto 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. Employee benefits The company operates a defined contribution pension scheme. Contributions payable to the company pension scheme are charged to profit or loss in the period to which they relate.

HOLLIN NURSERY COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 10 9

HOLLIN NURSERY COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Debtors

2024 2023
£ £
Trade debtors 430 430
Prepayments and accrued income 5,647 5,314
Total 6,077 5,744

HOLLIN NURSERY COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 4,262 1,426
Taxation and social security 7,684
Accruals and deferred income 10,569
Total 4,262 19,679

HOLLIN NURSERY COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2024

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

2024 2023
£ £
Bank loans and overdrafts 71,514 71,514
Total 71,514 71,514

COMMUNITY INTEREST ANNUAL REPORT

HOLLIN NURSERY COMMUNITY INTEREST COMPANY

Company Number: 06487646 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

The Nursery offers full day care for 29 children 6 babies 0-2 years & 23 2-4 year olds. We are situated within a Children's Centre & provide fulltime & sessional care for children in the deprived ward area of Middleton Central. Our main aim is to help bridge the gap between the disadvantaged & other areas in childcare through offering affordable & flexible high-quality childcare, therefore allowing parents/carers to access training & employment opportunities. The childcare we provide is tailored to suit the needs of all our parents/carers. We also provide care for children whose parents may need extra support in caring for their child i.e. Children involved with Social services & children with disabilities/SEND needs. We have children attending on both the 2/3-year-old funding. These numbers have increased greatly since the 2-year funding came into place & we are struggling to cater for all children from the local estate. Unfortunately, we are still having to turn children away due to having a full nursery. We offer the 30 hours & this has also impacted on the number of children we can take as some children have increased for 15 hours to 30, taking up available sessions. We work hard to provide a safe, secure, caring & stimulating environment in which all our children can develop to their full potential, this is done by providing a wide/varied range of high-quality play & learning opportunities for all the children who attend our nursery. As the nursery is situated within a Children's centre we work alongside centre staff to provide the best possible start in life for children, whilst assisting parents/carers.

Consultation with stakeholders

Our stake holders consist of staff, parents, children & residents who live within the local community. We currently have 3 Directors & are continually trying to recruit others to our management board & we currently have 1 parent onboard but are continually encouraging parents to come on board. We actively involve stakeholders, through regular questionnaires, asking them how they rate our service, what improvements they would like to see & how we can improve the service that we offer to children & their families. We carry out an induction with every new/prospective parent/carer where we encourage them to tell us what they want & expect from us as a nursery. We ask if they have ideas on how we can improve the service we currently offer. We also invite parents into annual AGM and fundraising events. We still send out regular newsletters to keep stakeholders informed of up & coming events they are encouraged to attend. We hold regular staff meeting, supervisions/appraisals, we have held parents telephone calls to discuss children's progress as this was what parents preferred and it was the most successful one to date. We let parents/staff know when we are holding meetings & when we are having our AGM. We have maintained our good OFSTED rating and informed all parents and new parents during inductions. Every Friday we update our Facebook page so parents can see what their children have been doing and used as a platform to share information.

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
24 October 2024

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