for the Period Ended 31 August 2024
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 August 2024
Directors
The directors shown below have held office during the whole of the period from
1 September 2023
to
31 August 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
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| Turnover: |
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| Cost of sales: |
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| Gross profit(or loss): |
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| Administrative expenses: |
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| Other operating income: |
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| Operating profit(or loss): |
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| Profit(or loss) before tax: |
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| Tax: |
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| Profit(or loss) for the financial year: |
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As at
| Notes | 2024 | 2023 | |
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| Fixed assets | |||
| Tangible assets: | 3 |
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| Debtors: | 4 |
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| Cash at bank and in hand: |
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| Creditors: amounts falling due within one year: | 5 |
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| Total assets less current liabilities: |
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| Members' funds | |||
| Profit and loss account: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 August 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 August 2024
| 2024 | 2023 | |
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| Average number of employees during the period |
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for the Period Ended 31 August 2024
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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| Cost | £ | £ | £ | £ | £ | £ |
| At 1 September 2023 |
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| At 31 August 2024 |
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| At 31 August 2023 |
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for the Period Ended 31 August 2024
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| £ | £ | |
| Trade debtors |
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| Total |
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for the Period Ended 31 August 2024
| 2024 | 2023 | |
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| £ | £ | |
| Taxation and social security |
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| Other creditors |
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Since the incorporation of the company, we have applied for OFSTED accreditation. This involved making the space that we have agreed to use secure, safe and comfortable for the children who will attend. We made an agreement with our landlords at Gateshead Fell Cricket Club to have exclusive use of their events hall. This meant we could create a permanent childcare facility available to all in the local community without having to travel to other facilities further afield. Despite many delays and complications caused by the Covid pandemic, OFSTED approval was awarded to the company on 10th July 2020. This allowed the pre-school to operate from the beginning of the 2020-21 school year starting on 7th September 2020. With help from the local authority, we have successfully made a local childcare and education facility available to local residents to provide Early Years funded education to 2, 3 and 4 year old children. In November 2022 we had our first OFSTED inspection and our facility received a “good” rating in all categories of the inspection. (https://reports.ofsted.gov.uk/provider/16/2570198) This financial year we had our busiest year yet with 45 children (32 last year) starting at our pre-school in September 2023 and we have waiting lists of many more families that wish to use our childcare facilities in the future. In January 2024 we had 53 children (40 last year) attending. In April 2024 this increased to 58 children (48 last year). At the end of the 2024 term we had 58 children making use of our pre-school facilities. From September 2020 when we began operating, 4 full and part-time jobs were created for local residents. Our workforce expanded further as demand increased in March of 2021 to 5 staff, then 6 in April of 2021. We had an apprentice training with us who became a permanent member of staff when this training was complete. The total number of staff employed at the end of the financial year has risen to 10, and we are currently recruiting for another staff member to cope with the demand for our services. We have funded and installed a completely new kitchen and dining room area for the children allowing a much more welcoming and specific space for all of the children who attend our setting to each lunch together with dedicated child-friendly facilities. The installation of cooking appliances allows an opportunity to engage in a broader range of activities with the children who attend. The development of this space has also been very well received by the staff. Investment within the pre-school space in furniture, art supplies, books, toys and activities has continued again this year to further develop the learning environment and make it as engaging and age-appropriate as possible for the children who attend. We have expanded the facilities available to the children who attend by continuing to develop an outside garden space. Significant investment has been made in play equipment, furniture, fencing, safety equipment and supplies to provide the children with the best possible learning experience. A dedicated office space has been created in the property for the management team as we look to sustain the business into the long term. A dedicated staff room area has been funded and created in the building allowing the staff to have a proper separate area for their lunch breaks. Our partnership with our landlords Gateshead Fell Cricket Club continues to benefit both community focused businesses - we are exploring ideas to collaborate on community events bringing more sporting opportunities to our families and awareness of our offering to local residents.
The company’s stakeholders are the many residents in the local area who have children of Early Years age. Our facility is based very close to 2 major primary schools in the area and the local population has a high proportion of families with young children. We have met with and had lots of feedback from many of these families at our open day sessions regarding what people look for in a childcare facility and what would benefit their family situations. We quickly identified that people like to have as much flexibility as possible around when their children can attend. Many other childcare providers insist on full time attendance or a minimum attendance each week. Our company will provide families the opportunity to use our services in whatever pattern they wish to maximise opportunities to attend workplaces and spend as much time as possible with their children when not at work. Some of our children that joined us have moved from other childcare providers for this reason.
The total amount paid or receivable by directors in respect of qualifying services was £64,844. 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.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
1 May 2025
And signed on behalf of the board by:
Name: C Alston
Status: Director