Registered Number 08901476
COBNUTS WOODLAND NURSERY AND FOREST SCHOOL LIMITED
Abbreviated Accounts
31 August 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
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 and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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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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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Motor Vehicles - 25% reducing balance
Equipment - 25% reducing balance
Intangible assets amortisation policy
Goodwill - 5 year straight line
Other accounting policies
All fixed assets are initially recorded at cost.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity
£ | |
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Cost | |
At 31 August 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 August 2016 |
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Amortisation | |
At 31 August 2015 |
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Charge for the year |
|
On disposals |
|
At 31 August 2016 |
|
Net book values | |
At 31 August 2016 | 12,000 |
At 30 August 2015 | 16,000 |
£ | |
---|---|
Cost | |
At 31 August 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 August 2016 |
|
Depreciation | |
At 31 August 2015 |
|
Charge for the year |
|
On disposals |
|
At 31 August 2016 |
|
Net book values | |
At 31 August 2016 | 18,752 |
At 30 August 2015 | 19,414 |