KLAS CARE C.I.C.

Company limited by guarantee

Company Registration Number:
SC482117 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

KLAS CARE C.I.C.

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

KLAS CARE C.I.C.

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 continues to be that of the provision of childcare services.



Directors

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

Graham Anderson
Helen Anderson
Lesley Compston
Kirsty Brown
Kirsty Mackenzie
Hugh Sommerville


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
30 January 2025

And signed on behalf of the board by:
Name: Kirsty Mackenzie
Status: Director

KLAS CARE C.I.C.

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 254,075 241,528
Cost of sales: ( 148,653 ) ( 146,665 )
Gross profit(or loss): 105,422 94,863
Administrative expenses: ( 126,945 ) ( 116,595 )
Other operating income: 4,335 15,681
Operating profit(or loss): (17,188) (6,051)
Interest receivable and similar income: 900 149
Interest payable and similar charges: ( 1,624 ) ( 943 )
Profit(or loss) before tax: (17,912) (6,845)
Tax: ( 2,127 ) 4,663
Profit(or loss) for the financial year: (20,039) (2,182)

KLAS CARE C.I.C.

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 321,239 217,549
Total fixed assets: 321,239 217,549
Current assets
Debtors: 4 4,608 1,994
Cash at bank and in hand: 97,931 139,102
Total current assets: 102,539 141,096
Creditors: amounts falling due within one year: 5 ( 14,430 ) ( 17,579 )
Net current assets (liabilities): 88,109 123,517
Total assets less current liabilities: 409,348 341,066
Creditors: amounts falling due after more than one year: 6 ( 385,498 ) ( 297,177 )
Total net assets (liabilities): 23,850 43,889
Members' funds
Profit and loss account: 23,850 43,889
Total members' funds: 23,850 43,889

The notes form part of these financial statements

KLAS CARE C.I.C.

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 30 January 2025
and signed on behalf of the board by:

Name: Kirsty Mackenzie
Status: Director

The notes form part of these financial statements

KLAS CARE C.I.C.

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 is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Leasehold - 10% on cost Computer Equipment - 33% on cost

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively. Government Grant Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute. Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period. Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned. All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.

KLAS CARE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 14 12

KLAS CARE C.I.C.

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 £ £ £ £ £ £
At 1 April 2023 375,581 0 375,581
Additions 156,033 1,227 157,260
Disposals
Revaluations
Transfers
At 31 March 2024 531,614 1,227 532,841
Depreciation
At 1 April 2023 158,032 0 158,032
Charge for year 53,161 409 53,570
On disposals
Other adjustments
At 31 March 2024 211,193 409 211,602
Net book value
At 31 March 2024 320,421 818 321,239
At 31 March 2023 217,549 0 217,549

KLAS CARE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Trade debtors 3,494 1,994
Prepayments and accrued income 360
Other debtors 754
Total 4,608 1,994

KLAS CARE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 7,560 4,332
Trade creditors 120 92
Taxation and social security 4,531 9,322
Accruals and deferred income 0 1,728
Other creditors 2,219 2,105
Total 14,430 17,579

KLAS CARE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

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

2024 2023
£ £
Bank loans and overdrafts 24,488
Other creditors 361,010 297,177
Total 385,498 297,177

COMMUNITY INTEREST ANNUAL REPORT

KLAS CARE C.I.C.

Company Number: SC482117 (Scotland)

Year Ending: 31 March 2024

Company activities and impact

KLAS Care C.i.C have worked to give support to the children attending our services and their families, many of which are living and working in poverty. KLAS Care C.i.C provides full or part time employment to 14 local residents and volunteering opportunities to one volunteer The organisation has provided Out of School care in our centres in Johnstone and Linwood. Breakfast Club, and summer playscheme were also provided from our Linwood Centre. This childcare provision was accessed by 205 children, accommodating families on shift patterns, students, families on zero-hour contracts and occasional users. We offered sibling discounts to families. This pay as you go service supported people returning to work, college or university removing the barrier of accessing affordable childcare. Our fees have been held since 2020, minimizing the impact of the cost of living crisis on families. The organisation provided a summer playscheme programme supporting families needing continued support throughout the year. Many families have access to a free lunch during the school term, the organisation continued this support by providing a packed lunch for children attending during the school holidays as part of the playscheme programme at no extra charge. The organisation accessed financial support to provide free childcare spaces both during the term time and school holidays for families struggling with financial or personal difficulties or for children with additional needs requiring respite and/or additional social support. The organisation is registered with several childcare voucher schemes including tax-free childcare voucher scheme. Voucher schemes have been of benefit to 29 families The organisation has continued to offer low-cost community hall hire which has benefitted the wider community by offering the community additional services locally helping to reduce social isolation. The community space is now accessed by 7 community groups and local groups. The organisation has developed partnerships with other likeminded services to provide family support sessions. Through partnership work it was identified that many families having had children during lockdown have become quite isolated without the usual mums and babies’ groups etc being available. Partnerships have identified families that are struggling with either isolation or mental health issues that would benefit with group support sessions. Funding was secured and weekly group support sessions have been delivered to vulnerable families. Many of the children hadn’t socialised out with the family group since they were born. Group has seen an ongoing increase in confidence within the families. The organisation have facilitated the Empowering Parents Empowering Communities programme. The programme is a sustainable peer led parenting programme that empowers parents to take part and then be trained to pass on the intrinsic learning. By engaging in family support groups as described we are empowering families with the knowledge and learning to build confidence and resilience both within the parents and the children which improves their future opportunities The organisation has received planning permission for an additional indoor space within the grounds of the Linwood facility which will be used as a Health and Well Being hub, providing an additional space to support children with additional needs or other behavioural/emotional difficulties. The organisation has continued to work in partnership with Barnardo’s offering volunteering opportunities to young school leavers to allow the volunteering programme to continue. The organisation has been working with the Department of work and pensions accessing under 25’s Kickstart programme and the over 25’s Funded Work placement allowing opportunities for people who have found it difficult to gain work experience and training. The organisation offers similar opportunities through Barnardo’s by offering a 12-month apprenticeship to a volunteer through their volunteering programme. The organisation provides a pantry to the local community supporting local families in food poverty.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total remuneration paid to directors during the period was £44,721.16. This amount is associated with the salaries of Director and Childcare Manager Lesley Compston and Director and Business Manager Kirsty MacKenzie. There were no other transactions or arrangements associated with the remuneration of directors, or compensation for director's loss of office, which require disclosure.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Kirsty Mackenzie
Status: Director