ABC Day Nursery (Cullompton) Limited
|
Registered number: |
07569759
|
Abbreviated Balance Sheet |
as at 31 March 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Intangible assets |
2 |
|
|
46,500 |
|
|
55,500 |
Tangible assets |
3 |
|
|
139,310 |
|
|
30,587 |
|
|
|
|
185,810 |
|
|
86,087 |
|
Current assets |
Cash at bank and in hand |
|
|
3,122 |
|
|
2,069 |
|
Creditors: amounts falling due within one year |
|
|
(73,209) |
|
|
(14,023) |
|
Net current liabilities |
|
|
|
(70,087) |
|
|
(11,954) |
|
Total assets less current liabilities |
|
|
|
115,723 |
|
|
74,133 |
|
Creditors: amounts falling due after more than one year |
|
|
|
(104,449) |
|
|
(60,000) |
|
|
|
Net assets |
|
|
|
11,274 |
|
|
14,133 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
5 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
11,174 |
|
|
14,033 |
|
Shareholders' funds |
|
|
|
11,274 |
|
|
14,133 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
P Proffitt |
Director |
Approved by the board on 28 November 2016
|
|
ABC Day Nursery (Cullompton) Limited
|
Notes to the Abbreviated Accounts |
for the year ended 31 March 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Freehold investment property |
Nil
|
|
Plant and machinery |
20% reducing balance |
|
|
Investment property |
|
In accordance with requirements of the Financial Reporting Standard for Smaller Entities (effective January 2015), investment property owned by the company are stated at their open market value at the balance sheet date and any aggregate surplus or deficit is transferred to the revaluation reserve. The investment property is not subject to periodic charges for depreciation. The Companies Act 2006 would normally require such assets to be depreciated over their useful economic life. However, in the opinion of the directors this would not show a true and fair view of the value of the asset at the balance sheet date. If this departure from the Act had not been made, the profit for the financial year would have been reduced by depreciation on the property concerned. |
|
|
2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
90,000 |
|
At 31 March 2016 |
90,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2015 |
34,500 |
|
Provided during the year |
9,000 |
|
At 31 March 2016 |
43,500 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
46,500 |
|
At 31 March 2015 |
55,500 |
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
33,563 |
|
Additions |
109,533 |
|
At 31 March 2016 |
143,096 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
2,976 |
|
Charge for the year |
810 |
|
At 31 March 2016 |
3,786 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
139,310 |
|
At 31 March 2015 |
30,587 |
|
|
|
|
|
|
|
|
4 |
Loans |
2016 |
|
2015 |
£ |
£ |
|
Creditors include: |
|
Secured bank loans |
104,449 |
|
- |
|
|
|
|
|
|
|
|
|
|
5 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|