for the Period Ended 05 April 2025
| Company Information - 3 | |
| Report of the Directors - 4 | |
| Profit and Loss Account - 5 | |
| Balance sheet - 6 | |
| Additional notes - 8 | |
| Profit and Loss notes - 11 | |
| Balance sheet notes - 12 |
for the Period Ended 05 April 2025
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| Registered office: |
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| Company Registration Number: |
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The directors present their report with the financial statements of the company for the period ended 05 April 2025
Principal Activities
Political and charitable donations
Additional information
The Nursery; Special Education Needs and Disability Childcare Ltd. (‘The Nursery’) reached its 2-year milestone in January 2025. We continue to put our mission at the heart of all we do, providing high quality, compassionate and inclusive childcare in a ‘wonderful place for children to learn and grow’. The number of nursery children registered on our books was 77 as at the 5th April 2025, with many more attending our weekend, holiday and wraparound sessions. Our team has also continued to grow this year, with 25 members of staff now employed by The Nursery. We have reported a positive financial position for the second year in a row. This is in large part due to our growth strategy, which saw us offering more sessions to generate income that could then be invested in a new site. At the time of drafting these accounts our offer had been accepted by the vendor on a new, significantly larger building which would be funded by the surpluses reported for this year and last. A smaller element of the surplus is due to staff turnover and vacancies throughout the year, during which time we have used management resource to cover rota gaps and maintain service provision. We also scaled back on new equipment and any non-essential building works in anticipation of the upcoming move. We have continued to invest in our workforce, supporting our apprentices (two of which have qualified this year) and increasing wages so they remain above the national minimum wage. Unfortunately we could not uplift them as much as we would have liked (due to our planned investment in the new building) but this remains a high priority for us and will be revisited in the year ahead. As noted in previous director reports, there continues to be a gap between the price paid for universal provision (government funded childcare places) and the additional cost required to deliver a safe SEND service. Our prices are reviewed on an annual basis and uplifted as necessary, to cover our cost base. We do not take this decision lightly and continue to do everything that we can to keep costs down so our service remains accessible to as many families as possible. No dividends have been taken by the Director this year, just partial repayment of loans that were made to the company to support it during the start-up phase. As a management team, we continue to be ambitious in our plans for The Nursery. This upcoming investment will enable us to deliver on our commitments to expanding the provision, outreach work, training and community engagement. We continue to take immense pride in the work that we do and the service we offer to our children, their families and the wider community. It is with great excitement that we look to the year ahead and all of the wonderful things that our new building will enable us to do.
Directors
The directors shown below have held office during the whole of the period from 06 April 2024 to 05 April 2025
The director(s) shown below resigned during the period
25 January 2025
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 05 April 2025
Notes |
2025 £ |
10 months to 5 Apr 2024 £ |
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| Turnover |
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| Cost of sales |
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| Gross Profit or (Loss) |
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| Income from coronavirus (COVID-19) business support grants | 0 | 0 | |
| Distribution Costs |
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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 | 4 |
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| Tax on Profit |
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| Profit or (Loss) for Period |
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The notes form part of these financial statements
As at
Notes |
2025 £ |
10 months to 5 Apr 2024 £ |
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| Fixed assets | |||
| Tangible assets: | 5 |
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| Total fixed assets: |
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| Current assets | |||
| Cash at bank and in hand: |
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| Total current assets: |
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| Prepayments and accrued income: |
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| Creditors: amounts falling due within one year: | 6 |
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: | 7 |
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| Total net assets (liabilities): |
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The notes form part of these financial statements
As at 05 April 2025
Notes |
2025 £ |
10 months to 5 Apr 2024 £ |
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| Capital and reserves | |||
| Called up share capital: |
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| Profit and loss account: |
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| Shareholders funds: |
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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 05 April 2025
Basis of measurement and preparation
for the Period Ended 05 April 2025
2025 |
10 months to 5 Apr 2024 |
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| Average number of employees during the period |
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for the Period Ended 05 April 2025
for the Period Ended 05 April 2025
This category captures all revenue generated for nursery sessions during the period, plus a small reimbursement for staff time on the Early Years Initial Teacher Training (‘EYITT’) programme. Private invoices are issued a month in arrears, with accruals posted for any significant outstanding payments at the end of the financial year. LA sessions are typically paid in advance so where appropriate, income has been deferred out to the following financial year. Approximately half of our income came from the local authority (for government funded nursery places, SEND provision and holiday club) with the balance from privately funded sessions.
Note 2 Cost of Sales
This category includes all food and personal hygiene products (i.e. nappies, wipes and barrier cream). It also includes all staff who are permanently based within the rooms, providing direct care to children. These expenses can be directly attributed to each individual session that is delivered.
Note 3 Administrative Expenses
This category captures all indirect and overhead costs associated with running the nursery. Salaries (for those staff not captured under cost of sales), employer national insurance contributions and pension costs account for 60% of the spend in this area. Rent, equipment and consumables (captured under general expenses) and repairs and maintenance make up the bulk of the balance. Depreciation is also included here, charged on a straight-line basis from the first month of the financial quarter that immediately follows the purchase.
Note 4 Tax
Corporation tax liability is assumed as per the Gov.UK marginal relief calculator.
for the Period Ended 05 April 2025
| Plant & machinery | Total | |
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| Cost | £ | £ |
| At 06 April 2024 |
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| Additions |
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| Disposals | - | - |
| Revaluations | - | - |
| Transfers | - | - |
| At 05 April 2025 |
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| Depreciation | ||
| At 06 April 2024 |
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| Charge for year |
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| On disposals | - | - |
| Other adjustments | - | - |
| At 05 April 2025 |
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| Net book value | ||
| At 05 April 2025 |
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| At 05 April 2024 |
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for the Period Ended 05 April 2025
2025 £ |
10 months to 5 Apr 2024 £ |
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| Taxation and social security |
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| Accruals and deferred income |
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| Other creditors |
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| Total |
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for the Period Ended 05 April 2025
2025 £ |
10 months to 5 Apr 2024 £ |
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| Other creditors |
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| Total |
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