Meades & Wiggan Childcare Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07244834 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018

FOR

MEADES & WIGGAN CHILDCARE LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTOR:

Ms K Redfearn

REGISTERED OFFICE:

Parson Lee Farm

Wycoller

Trawden

Lancashire

BB8 8SU

BUSINESS ADDRESS:

140 Aberford Road

Woodlesford

Leeds

LS26 8LG

REGISTERED NUMBER:

07244834 (England and Wales)

ACCOUNTANTS:

G L Barker & Co LLP

Chartered Certified Accountants

49 Austhorpe Road

Cross Gates

Leeds

LS15 8BA

FIXED ASSETS

Intangible assets

4

15,180

16,445

Tangible assets

5

110,511

98,145

125,691

114,590

CURRENT ASSETS

Stocks

1,500

1,500

Debtors

150,267

135,340

Cash at bank and in hand

221,300

119,050

373,067

255,890

CREDITORS

Amounts falling due within one year

141,380

104,740

NET CURRENT ASSETS

231,687

151,150

TOTAL ASSETS LESS CURRENT LIABILITIES

357,378

265,740

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

357,258

265,620

SHAREHOLDERS' FUNDS

357,378

265,740

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 27 February 2019 and were signed by:

Ms K Redfearn - Director

1.	STATUTORY INFORMATION

Meades & Wiggan Childcare Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains the right to consideration.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Franchise fee

The franchise fee of £25,300 is being written off over its estimated useful life of 20 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

not provided

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2017 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2017

and 31 May 2018

25,300

AMORTISATION

At 1 June 2017

8,855

Amortisation for year

1,265

At 31 May 2018

10,120

NET BOOK VALUE

At 31 May 2018

15,180

At 31 May 2017

16,445

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2017

118,206

Additions

40,405

Disposals

(22,200

)

At 31 May 2018

136,411

DEPRECIATION

At 1 June 2017

20,061

Charge for year

11,389

Eliminated on disposal

(5,550

)

At 31 May 2018

25,900

NET BOOK VALUE

At 31 May 2018

110,511

At 31 May 2017

98,145

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

Additions

29,262

At 31 May 2018

29,262

DEPRECIATION

Charge for year

7,315

At 31 May 2018

7,315

NET BOOK VALUE

At 31 May 2018

21,947

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Meades & Wiggan Childcare Ltd for the year ended 31 May 2018 which comprise the Profit and

Loss Account, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Meades & Wiggan Childcare Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Meades & Wiggan Childcare Ltd and state those matters that we have agreed to state to the director of Meades & Wiggan Childcare Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Meades & Wiggan Childcare Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Meades & Wiggan Childcare Ltd. You consider that Meades & Wiggan Childcare Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Meades & Wiggan Childcare Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

G L Barker & Co LLP

Chartered Certified Accountants

49 Austhorpe Road

Cross Gates

Leeds

LS15 8BA

27 February 2019