DUNS COMMUNITY CHILDCARE CIC

Company Registration Number:
SC752123 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 2 December 2022

End date: 31 March 2024

DUNS COMMUNITY CHILDCARE CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

DUNS COMMUNITY CHILDCARE CIC

Directors' report period ended 31 March 2024

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

Principal activities of the company

The company's principal activity during the year continued to be child day-care activities.



Directors

The directors shown below have held office during the whole of the period from
2 December 2022 to 31 March 2024

Joanna Grace Aline Gardner
Nicola Jane Seed


The directors shown below have held office during the period of
2 December 2022 to 30 July 2023

Charlotte Katie Tait
Stacey Nicole Williams


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
26 October 2024

And signed on behalf of the board by:
Name: Joanna Grace Aline Gardner
Status: Director

DUNS COMMUNITY CHILDCARE CIC

Profit And Loss Account

for the Period Ended 31 March 2024

16 months to 31 March 2024


£
Turnover: 256,501
Cost of sales: ( 15,828 )
Gross profit(or loss): 240,673
Administrative expenses: ( 208,557 )
Operating profit(or loss): 32,116
Profit(or loss) before tax: 32,116
Tax: ( 6,838 )
Profit(or loss) for the financial year: 25,278

DUNS COMMUNITY CHILDCARE CIC

Balance sheet

As at 31 March 2024

Notes 16 months to 31 March 2024


£
Fixed assets
Tangible assets: 3 37,353
Total fixed assets: 37,353
Current assets
Debtors: 4 2,866
Cash at bank and in hand: 60,073
Total current assets: 62,939
Creditors: amounts falling due within one year: 5 ( 71,728 )
Net current assets (liabilities): (8,789)
Total assets less current liabilities: 28,564
Provision for liabilities: ( 3,282 )
Total net assets (liabilities): 25,282
Capital and reserves
Called up share capital: 4
Profit and loss account: 25,278
Total Shareholders' funds: 25,282

The notes form part of these financial statements

DUNS COMMUNITY CHILDCARE CIC

Balance sheet statements

For the year ending 31 March 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 26 October 2024
and signed on behalf of the board by:

Name: Joanna Grace Aline Gardner
Status: Director

The notes form part of these financial statements

DUNS COMMUNITY CHILDCARE CIC

Notes to the Financial Statements

for the Period Ended 31 March 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 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 depreciation policy

    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: Improvements to leasehold building - over 20 years Fixtures, fittings, tools and equipment - over 10 years

    Other accounting policies

    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. Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. 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. Pensions Contributions to defined contribution plans are expensed in the period to which they relate.

DUNS COMMUNITY CHILDCARE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    16 months to 31 March 2024
    Average number of employees during the period 11

DUNS COMMUNITY CHILDCARE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 23,126 17,092 40,218
Disposals
Revaluations
Transfers
At 31 March 2024 23,126 17,092 40,218
Depreciation
Charge for year 1,156 1,709 2,865
On disposals
Other adjustments
At 31 March 2024 1,156 1,709 2,865
Net book value
At 31 March 2024 21,970 15,383 37,353

DUNS COMMUNITY CHILDCARE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

16 months to 31 March 2024
£
Other debtors 2,866
Total 2,866

DUNS COMMUNITY CHILDCARE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

16 months to 31 March 2024
£
Trade creditors 19,432
Taxation and social security 7,224
Accruals and deferred income 7,536
Other creditors 37,536
Total 71,728

COMMUNITY INTEREST ANNUAL REPORT

DUNS COMMUNITY CHILDCARE CIC

Company Number: SC752123 (Scotland)

Year Ending: 31 March 2024

Company activities and impact

The company is a not-for-profit nursery for children aged 0-5 years old which opened on the 3rd April 2023 after the previous private nursery closed. It is run by a community of local parents and staff, in a converted town house building on Duns main street, with easy access to town facilities and green spaces. The nursery directly benefits the local community of Duns and its surrounding villages. The nursery is a year-round setting; open 50 weeks, closed only over the Christmas period. Monday to Friday, 07:30 until 18:00 and it offers half days and full days for non-funded children and flexible hours for funded children. There is a holiday club for 2-5 year olds that enables children who go to other term time nurseries to join. The local council (Scottish Borders Council (SBC)) has given the setting a strong backing and has granted funded places for children 2-5 years old. The nursery currently has 51 local children registered at the nursery (more awaiting to join) and it employs 13 permanent members of staff and 6 cover staff from the area.

Consultation with stakeholders

No consultation with stakeholders

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
22 September 2024

And signed on behalf of the board by:
Name: Joanna Grace Aline Gardner
Status: Director