WRAP (WIRRAL) COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
14321051 (England and Wales)

Unaudited statutory accounts for the year ended 30 August 2024

Period of accounts

Start date: 1 September 2023

End date: 30 August 2024

WRAP (WIRRAL) COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 August 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

WRAP (WIRRAL) COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 August 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 10,281 0
Total fixed assets: 10,281 0
Current assets
Debtors: 4 225,504 33,757
Cash at bank and in hand: 83,647
Total current assets: 309,151 33,757
Creditors: amounts falling due within one year: 5 ( 104,085 ) ( 24,406 )
Net current assets (liabilities): 205,066 9,351
Total assets less current liabilities: 215,347 9,351
Total net assets (liabilities): 215,347 9,351
Members' funds
Profit and loss account: 215,347 9,351
Total members' funds: 215,347 9,351

The notes form part of these financial statements

WRAP (WIRRAL) COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 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 29 May 2025
and signed on behalf of the board by:

Name: P Silcock
Status: Director

The notes form part of these financial statements

WRAP (WIRRAL) COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 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, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Computer equipment: 33% Straight Line

    Other accounting policies

    Pension costs The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due. Government grants Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

WRAP (WIRRAL) COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 10 4

WRAP (WIRRAL) COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 0 0
Additions 15,421 15,421
Disposals
Revaluations
Transfers
At 30 August 2024 15,421 15,421
Depreciation
At 1 September 2023 0 0
Charge for year 5,140 5,140
On disposals
Other adjustments
At 30 August 2024 5,140 5,140
Net book value
At 30 August 2024 10,281 10,281
At 31 August 2023 0 0

WRAP (WIRRAL) COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 August 2024

4. Debtors

2024 2023
£ £
Trade debtors 225,504 17,005
Other debtors 16,752
Total 225,504 33,757

WRAP (WIRRAL) COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 August 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 10,000
Trade creditors 26,436 199
Taxation and social security 65,649 2,207
Accruals and deferred income 12,000 12,000
Total 104,085 24,406

COMMUNITY INTEREST ANNUAL REPORT

WRAP (WIRRAL) COMMUNITY INTEREST COMPANY

Company Number: 14321051 (England and Wales)

Year Ending: 30 August 2024

Company activities and impact

During this second year of operation, following successful registration of our education provision with the Department for education we opened the new school just after the start of the next financial year. Permission was received to operate with 32 students, and we began the process of converting existing students to those who could return to school or convert to the new school. We appointed a new Headteacher who would start in transition towards the end of the year in preparation for September and began to work with local authorities to meet their need for placements. We developed our site to better fit our students' needs and underwent an OFSTED inspection which demonstrated that we could now use the whole building for student use. We increased our role to a final half term average of around 22 students

Consultation with stakeholders

We consult with the local authority commissioners, meet with them at least termly and adapt our interna! audit and continuous improvement strategies to suit the needs of the council and its cohort of students. We consult directly and indirectly (through OFSTED) with parents of students, and find our provision meets their needs, and where it to divert from expectations would adapt our continuous improvement plan accordingly. We have engaged with local residents and stakeholders through community action groups and community associations, and successfully secured three small grants from three neighbourhoods to deliver community engagement projects through our students.

Directors' remuneration

Directors' remuneration for the year totalled £51,554.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
12 June 2025

And signed on behalf of the board by:
Name: Peter Silcock
Status: Director