Hartley House Montessori Limited
|
For the year ended 31 August 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03434860
Hartley House Montessori Limited
For the year ended 31 August 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
Abbreviated Balance Sheet
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Hartley House Montessori Limited
2016
2015
2
507,544
513,093
507,544
513,093
238,645
189,957
189,957
238,645
Creditors
:
amounts falling due within one year
|
3
(203,289)
(221,668)
35,356
(31,711)
Net current liabilities
Total assets less current liabilities
|
475,833
548,449
Creditors
:
amounts falling due after more than one year
|
4
(483,092)
(438,030)
37,803
Net assets
65,357
100
5
100
37,703
65,257
37,803
65,357
Shareholders funds
For the year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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Date approved by the board: 18 March 2017
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Mrs S N Hartley- Raven Director
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Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
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Hartley House Montessori Limited
For the year ended 31 August 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
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Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
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The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
The company operates a defined contribution pension scheme for the benefit of its directors
/
and employees
.
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Contributions payable are charged to the profit and loss account in the period in which they are payable
.
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Proposed dividends are only included as liabilities in the financial statements when their payment has been
|
approved by the shareholders prior to the balance sheet date
.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Freehold Land and Buildings
Leasehold Land and buildings
Over the term of the lease
|
Computer Equipment
Fixtures and Fittings
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Notes to the Abbreviated Financial Statements
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Hartley House Montessori Limited
For the year ended 31 August 2016
Assets on finance lease and hire purchase
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Assets held under finance lease or hire purchase contracts i
.
e
.
those contracts where substantially all the risks
|
and rewards of ownership have passed to the company
,
are included in the appropriate category of tangible
|
fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives
.
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Future obligations under such contracts are included in creditors net of the finance charge allocated to future
|
periods
.
|
580,590
1,087
581,677
67,497
6,636
Charge for year
74,133
507,544
513,093
Included within the cost of land and buildings is freehold land of £118,372 (2015: £118,372) which is notdepreciated.
|
2015
2016
4
Creditors
:
amounts falling due after one year
|
302,581
345,850
100
Class A shares of £
1
.
00
each
|
Allotted called up and fully paid
|
2016
2015
100
Class A shares of £
1
.
00
each
|
100
100
100
100
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