REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 August 2015 |
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for |
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Lilac Sky Schools Ltd |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 August 2015 |
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for |
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Lilac Sky Schools Ltd |
Lilac Sky Schools Ltd (Registered number: 06852145) |
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Contents of the Abbreviated Accounts |
for the year ended 31 August 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Lilac Sky Schools Ltd |
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Company Information |
for the year ended 31 August 2015 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Lilac Sky Schools Ltd (Registered number: 06852145) |
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Abbreviated Balance Sheet |
31 August 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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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 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Lilac Sky Schools Ltd (Registered number: 06852145) |
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Abbreviated Balance Sheet - continued |
31 August 2015 |
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The financial statements were approved by the director on
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Lilac Sky Schools Ltd (Registered number: 06852145) |
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Notes to the Abbreviated Accounts |
for the year ended 31 August 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
small company. |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts |
where turnover is recognised when the company obtains the right to consideration. |
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Intellectual property |
Amortisation is provided at the following rates in order to write off each asset over its estimated useful life. |
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Original published material - 10% on cost |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 September 2014 |
and 31 August 2015 |
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AMORTISATION |
Amortisation for year |
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At 31 August 2015 |
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NET BOOK VALUE |
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At 31 August 2015 |
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At 31 August 2014 |
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Lilac Sky Schools Ltd (Registered number: 06852145) |
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Notes to the Abbreviated Accounts - continued |
for the year ended 31 August 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 September 2014 |
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Additions |
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At 31 August 2015 |
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DEPRECIATION |
At 1 September 2014 |
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Charge for year |
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At 31 August 2015 |
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NET BOOK VALUE |
At 31 August 2015 |
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At 31 August 2014 |
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4. | CREDITORS |
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Creditors include an amount of £
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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6. | RELATED PARTY DISCLOSURES |
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At the year end the company was owed £150,740 by the director T Averre-Beeson (2014: £148,531). The loan is |
unsecured, interest free and repayable on request. |
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The Lilac Sky Schools Trust |
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A company in which T Averre-Beeson and J Fielding are trustees. |
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During the year Lilac Sky Schools Limited provided services to The Lilac Sky Schools Trust for £34,635 (2014: |
£410,231). In addition, The Lilac Sky Schools Trust recharged £179,521 (2014: £286,992) to Lilac Sky Schools |
Limited for the provision of staff. These transactions were charged on an at cost basis. |
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2015 | 2014 |
£ | £ |
Amount due from related party at the balance sheet date |
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Lilac Sky Schools Ltd (Registered number: 06852145) |
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Notes to the Abbreviated Accounts - continued |
for the year ended 31 August 2015 |
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6. | RELATED PARTY DISCLOSURES - continued |
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Lilac Sky Outstanding Education Services Limited |
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A company in which T Averre-Beeson is a shareholder. |
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During the year Lilac Sky Schools Limited provided services, on an arms length basis, to Lilac Sky Outstanding |
Education Services Limited for £250,000. |
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2015 | 2014 |
£ | £ |
Amount due to related party at the balance sheet date |
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7. | ULTIMATE CONTROLLING PARTY |
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The controlling party is
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