STEPPING-STONES PRE-SCHOOL AND HOLIDAY CARE C.I.C.

Company Registration Number:
13524340 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

STEPPING-STONES PRE-SCHOOL AND HOLIDAY CARE C.I.C.

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

STEPPING-STONES PRE-SCHOOL AND HOLIDAY CARE C.I.C.

Directors' report period ended 31 July 2024

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

Directors

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

Denise Prangnell
Sarah Esposito


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
17 December 2024

And signed on behalf of the board by:
Name: Denise Prangnell
Status: Director

STEPPING-STONES PRE-SCHOOL AND HOLIDAY CARE C.I.C.

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 201,150 217,586
Cost of sales: ( 132,338 ) ( 132,429 )
Gross profit(or loss): 68,812 85,157
Administrative expenses: ( 73,765 ) ( 68,392 )
Operating profit(or loss): (4,953) 16,765
Interest payable and similar charges: ( 91 )
Profit(or loss) before tax: (5,044) 16,765
Tax: ( 113 ) ( 3,248 )
Profit(or loss) for the financial year: (5,157) 13,517

STEPPING-STONES PRE-SCHOOL AND HOLIDAY CARE C.I.C.

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 2,218 1,910
Total fixed assets: 2,218 1,910
Current assets
Debtors: 4 3,409 4,292
Cash at bank and in hand: 26,387 38,573
Total current assets: 29,796 42,865
Creditors: amounts falling due within one year: 5 ( 21,023 ) ( 28,627 )
Net current assets (liabilities): 8,773 14,238
Total assets less current liabilities: 10,991 16,148
Total net assets (liabilities): 10,991 16,148
Capital and reserves
Called up share capital: 99 99
Profit and loss account: 10,892 16,049
Total Shareholders' funds: 10,991 16,148

The notes form part of these financial statements

STEPPING-STONES PRE-SCHOOL AND HOLIDAY CARE C.I.C.

Balance sheet statements

For the year ending 31 July 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 17 December 2024
and signed on behalf of the board by:

Name: Denise Prangnell
Status: Director

The notes form part of these financial statements

STEPPING-STONES PRE-SCHOOL AND HOLIDAY CARE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 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 for the provision of early years education. The turnover is a mixture of funding from the local authority in advance of a school term and private funding from parents. Turnover is recognised in the term that it relates to.

    Tangible fixed assets depreciation policy

    Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

    Other accounting policies

    CURRENT TAX Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. IMPAIRMENT A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. FINANCIAL INSTRUMENTS A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. DEFINED CONTRIBUTION PENSION PLAN Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

STEPPING-STONES PRE-SCHOOL AND HOLIDAY CARE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 12 12

STEPPING-STONES PRE-SCHOOL AND HOLIDAY CARE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 2,504 2,504
Additions 1,055 1,055
Disposals
Revaluations
Transfers
At 31 July 2024 3,559 3,559
Depreciation
At 1 August 2023 594 594
Charge for year 747 747
On disposals
Other adjustments
At 31 July 2024 1,341 1,341
Net book value
At 31 July 2024 2,218 2,218
At 31 July 2023 1,910 1,910

STEPPING-STONES PRE-SCHOOL AND HOLIDAY CARE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

2024 2023
£ £
Trade debtors 3,305 4,007
Other debtors 104 285
Total 3,409 4,292

STEPPING-STONES PRE-SCHOOL AND HOLIDAY CARE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 3,335 4,075
Other creditors 17,688 24,552
Total 21,023 28,627

COMMUNITY INTEREST ANNUAL REPORT

STEPPING-STONES PRE-SCHOOL AND HOLIDAY CARE C.I.C.

Company Number: 13524340 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

Stepping-Stones have been reviewing their environment and resources as well as providing dance and football sessions for the children. We have been focusing on children’s mental health, wellbeing and keeping fit. Staff have looked at their provision and have sort the local community and businesses for help to provide outside resources to develop the garden area. Children will benefit from a stimulating, clutter free outside environment. Therefore, providing the children from our local community a beautiful area to which children can explore and develop. Children with SEND have also benefited from additional recourses to enable them to experience and develop their sensory processing. Providing weekly dance and football sessions has given the children in our care opportunities to further develop their hand and eye co-ordination skills and gross motor skills, while experiencing new ways of keeping fit and developing healthy minds. Our dance and football teachers are from our local community small businesses. Stepping-Stones offer wrap around care for our children who attend our setting and the joining school. We offer childcare and education for approximately 34 children, who are paying fees and accessing the government 2yrs funding and 3/4yr funding for 15 or 30hrs. Three children at present have SEND. We continue to work closely with the local community food bank and charity clothing and furniture hub who provide fresh produce, milk products, bread, pasta, ready meals, baby nappies, formula and foods to the local community.

Consultation with stakeholders

Our main stake holders of the setting continue to be the families and adjoining school to whom we provide our care and educational services to. We ask our families and local school to complete questionnaires asking for their feedback on our care and the activities we provide. We also continue to provide a suggestion box for our families and staff to place any suggestions and concerns. We provide monthly newsletter bulletins with our families to share our activities, what has and is going to happen in the near future. The directors and managers of the setting meet once a term (three times a year) to discuss and plan for the coming term. We also hold staff meeting each half term, where we share ideas and plan our coming half term.

Directors' remuneration

The total amount received by directors of the qualifying services was £49,522 (2023: £45,713). There were no other transactions or arrangements in connection with the remuneration of directors or compensation for director's loss of office, which require t o be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
20 April 2025

And signed on behalf of the board by:
Name: Denise Prangnell
Status: Director