GREENCOAT NURSERY CIC

Company Registration Number:
10897930 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

GREENCOAT NURSERY CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

GREENCOAT NURSERY CIC

Directors' report period ended 31 August 2024

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

Principal activities of the company

The company's principal activity during the year continued to be a daycare nursery for pre-school children.



Directors

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

Tabraz Khan
Kubir Hussain


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
23 May 2025

And signed on behalf of the board by:
Name: Tabraz Khan
Status: Director

GREENCOAT NURSERY CIC

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 9,546 13,063
Total fixed assets: 9,546 13,063
Current assets
Debtors: 4 86,785 46,585
Cash at bank and in hand: 20,111 3,693
Total current assets: 106,896 50,278
Creditors: amounts falling due within one year: 5 ( 52,459 ) ( 25,622 )
Net current assets (liabilities): 54,437 24,656
Total assets less current liabilities: 63,983 37,719
Creditors: amounts falling due after more than one year: 6 ( 39,882 ) ( 25,378 )
Total net assets (liabilities): 24,101 12,341
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 24,091 12,331
Total Shareholders' funds: 24,101 12,341

The notes form part of these financial statements

GREENCOAT NURSERY CIC

Balance sheet statements

For the year ending 31 August 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 23 May 2025
and signed on behalf of the board by:

Name: Tabraz Khan
Status: Director

The notes form part of these financial statements

GREENCOAT NURSERY CIC

Notes to the Financial Statements

for the Period Ended 31 August 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: Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery over 5 years Fixtures, fittings, tools and equipment over 5 years

GREENCOAT NURSERY CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 21 18

GREENCOAT NURSERY CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 17,241 19,088 36,329
Additions
Disposals
Revaluations
Transfers
At 31 August 2024 17,241 19,088 36,329
Depreciation
At 1 September 2023 14,233 9,033 23,266
Charge for year 1,003 2,514 3,517
On disposals
Other adjustments
At 31 August 2024 15,236 11,547 26,783
Net book value
At 31 August 2024 2,005 7,541 9,546
At 31 August 2023 3,008 10,055 13,063

GREENCOAT NURSERY CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Debtors

2024 2023
£ £
Trade debtors 86,785 46,585
Total 86,785 46,585

GREENCOAT NURSERY CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 9,182
Taxation and social security 40,325 15,740
Other creditors 12,134 700
Total 52,459 25,622

GREENCOAT NURSERY CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

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

2024 2023
£ £
Bank loans and overdrafts 5,742 13,238
Other creditors 34,140 12,140
Total 39,882 25,378

COMMUNITY INTEREST ANNUAL REPORT

GREENCOAT NURSERY CIC

Company Number: 10897930 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

Our main line of business is quality childcare and we have provided childcare to close to 200 children during this tax year. We have also created a number of value-added provision such as use of our venue for free Stay and Play sessions for all types of families. This incentive helps the local authority to meet the demand after local children centres have closed. In collaboration with Work Gateway CIC we offer mentoring for the unemployed and young people, regardless of background and even postcode. On a number of occasions, we have offered full time places free of charge (to children who are not eligible for full time funding) to families going through difficulties such as domestic violence, mental health breakdown or separation. The cost of this has been self-absorbed by the business and has not been covered by Birmingham Children’s Trust or the Local Authority due to lack of funding or not meeting eligibility criteria, but we have still provided this much needed respite by looking after the children on an unpaid basis – sometimes at the request of Birmingham Children’s Trust / Child Services. We currently employ 13 people all from the local area in order to help reduce unemployment in one of Birmingham’s deprived wards. We launched and still maintain a children clothing bank for children aged 0-5. We are unable to accommodate older children clothes due to lack of space. We also operate a food bank for families in the locality.

Consultation with stakeholders

Feedback from parents in the local community has been received.

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
23 May 2025

And signed on behalf of the board by:
Name: Tabraz Khan
Status: Director