Registration number:
for the
Period from
Potty Training Academy Ltd
Contents
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Potty Training Academy Ltd
(Registration number: 09447271)
Abbreviated Balance Sheet at 29 February 2016
Note |
29 February 2016
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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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 |
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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 liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' deficit |
( |
Approved by the Board on
.........................................
Mr D J Jenner
Director
1
Potty Training Academy Ltd
Notes to the Abbreviated Accounts for the Period from 19 February 2015 to 29 February 2016
......... continued
Accounting policies |
Basis of preparation
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.
Going concern
The company made a loss during the year of £41,775 and had a net balance sheet deficit of £41,675 at the balance sheet date and is dependent on the continued support of its directors.
The directors have given their assurances that they will provide sufficient further finance as may prove necessary to meet the company's working capital requirements for the foreseeable future.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Website costs |
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Stock
Fixed assets |
Tangible assets
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Total
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Cost |
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Additions |
1,350 |
1,350 |
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At 29 February 2016 |
1,350 |
1,350 |
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Depreciation |
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Charge for the period |
338 |
338 |
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At 29 February 2016 |
338 |
338 |
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Net book value |
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At 29 February 2016 |
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Potty Training Academy Ltd
Notes to the Abbreviated Accounts for the Period from 19 February 2015 to 29 February 2016
......... continued
Creditors |
Included in the creditors are the following amounts due after more than five years:
29 February 2016
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After more than five years by instalments |
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Share capital |
Allotted, called up and fully paid shares
29 February 2016 |
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No. |
£ |
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New shares allotted
During the period
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Bank security |
The directors have provided a joint personal guarantee of £65,000 to secure borrowing.