TWO COUNTIES CRECHE C.I.C.

TWO COUNTIES CRECHE C.I.C.

TWO COUNTIES CRECHE C.I.C. - Company Information

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TWO COUNTIES CRECHE C.I.C.

Company limited by guarantee

Company Registration Number:
03606488 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

TWO COUNTIES CRECHE C.I.C.

Contents of the Financial Statements

for the Period Ended 31 July 2023

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

TWO COUNTIES CRECHE C.I.C.

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£
£
Turnover: 319,061 261,758
Cost of sales: ( 26,235 ) ( 2,071 )
Gross profit(or loss): 292,826 259,687
Administrative expenses: ( 2,030 ) ( 2,601 )
Other operating income: 19,709
Operating profit(or loss): 310,505 257,086
Profit(or loss) before tax: 310,505 257,086
Tax: ( 2,480 ) ( 205 )
Profit(or loss) for the financial year: 308,025 256,881

TWO COUNTIES CRECHE C.I.C.

Balance sheet

As at 31 July 2023

Notes 2023 2022


£
£
Fixed assets
Intangible assets: 3 67,416 52,041
Total fixed assets: 67,416 52,041
Current assets
Cash at bank and in hand: 39,064 35,218
Total current assets: 39,064 35,218
Creditors: amounts falling due within one year: 4 ( 1,995 ) ( 1,860 )
Net current assets (liabilities): 37,069 33,358
Total assets less current liabilities: 104,485 85,399
Total net assets (liabilities): 104,485 85,399
Members' funds
Profit and loss account: 104,485 85,399
Total members' funds: 104,485 85,399

The notes form part of these financial statements

TWO COUNTIES CRECHE C.I.C.

Balance sheet statements

For the year ending 31 July 2023 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 2 August 2023
and signed on behalf of the board by:

Name: M PRICE
Status: Director

The notes form part of these financial statements

TWO COUNTIES CRECHE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

TWO COUNTIES CRECHE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 12 11

TWO COUNTIES CRECHE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 August 2022 52,041 52,041
Additions 15,375 15,375
Disposals
Revaluations
Transfers
At 31 July 2023 67,416 67,416
Amortisation
At 1 August 2022 0 0
Charge for year 0 0
On disposals 0 0
Other adjustments 0 0
At 31 July 2023 0 0
Net book value
At 31 July 2023 67,416 67,416
At 31 July 2022 52,041 52,041

TWO COUNTIES CRECHE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 1,995 1,860
Total 1,995 1,860

COMMUNITY INTEREST ANNUAL REPORT

TWO COUNTIES CRECHE C.I.C.

Company Number: 03606488 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

The company provides childcare to children under schooling age requiring day care provision and who are resident to the Cwmbran and wider South East Wales area. The community has benefitted through the provision of access to quality and affordable child care facilities in the locality. Two Counties Creche CIC provided daycare to an average of 37 children throughout the year at a weekly full time rate of £175.00, a similar level or below that charged by other nurseries in the area. Significant improvements to the nursery building from resources, ensuring that the building continued to be fit to use as a childcare nursery. The company provided 12 full and part-time jobs for people living in the local community. The companies aims and objectives remain the same as in previous years

Consultation with stakeholders

The company's stakeholders are the parents of the 37 children provided with day care and the staff in company employ. All stakeholders have been consulted via a series of regular newsletters and emails and information constantly on display within the nursery. An annual parent questionnaire comtinues to be issued and regular staff questionnaires undertaken. Stakeholders continue to be informally consulted on a daily basis when they visit the nursery to drop off and collect children.All comments are recorded in the comments book, as are questionnaire responses and informal parental comments.Our daily sheets give comprehensive information of the activities of the day, information that parents continue to embrace.

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
2 August 2023

And signed on behalf of the board by:
Name: MARK PRICE
Status: Director