Company Registration No. SC308397 (Scotland)
OLD DOUNE ROAD NURSERY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
OLD DOUNE ROAD NURSERY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
OLD DOUNE ROAD NURSERY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2015
30 June 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
336,875
341,776
Current assets
Debtors
3,211
3,166
Cash at bank and in hand
50,867
9,533
54,078
12,699
Creditors: amounts falling due within one year
(106,981)
(83,425)
Net current liabilities
(52,903)
(70,726)
Total assets less current liabilities
283,972
271,050
Creditors: amounts falling due after more than one year
(78,096)
(99,950)
Provisions for liabilities
(1,987)
(2,239)
203,889
168,861
Capital and reserves
Called up share capital
3
62,500
62,500
Profit and loss account
141,389
106,361
Shareholders' funds
203,889
168,861
For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 March 2016
Ms Lorna Jack
Director
Company Registration No. SC308397
OLD DOUNE ROAD NURSERY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Freehold property
1% on cost
Computer equipment
33% on cost
Fixtures & fittings
15% on reducing balance
1.5
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2014
384,247
Additions
479
At 30 June 2015
384,726
Depreciation
At 1 July 2014
42,471
Charge for the year
5,380
At 30 June 2015
47,851
Net book value
At 30 June 2015
336,875
At 30 June 2014
341,776
OLD DOUNE ROAD NURSERY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
62,500 Ordinary of £1 each
62,500
62,500