Abbreviated Company Accounts - PILI PALA NURSERY LIMITED

PILI PALA NURSERY LIMITED - Company Information

Registered Number 05244948

PILI PALA NURSERY LIMITED

Abbreviated Accounts

30 June 2014

PILI PALA NURSERY LIMITED Registered Number 05244948

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	135,000	142,500
Tangible assets	3	1,340	1,786
		136,340	144,286
Creditors: amounts falling due within one year		(134,463)	(140,994)
Net current assets (liabilities)		(134,463)	(140,994)
Total assets less current liabilities		1,877	3,292
Total net assets (liabilities)		1,877	3,292
Capital and reserves
Called up share capital		100	100
Profit and loss account		1,777	3,192
Shareholders' funds		1,877	3,292

For the year ending 30 June 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 January 2015

And signed on their behalf by:
MRS G L DAVIES, Director

PILI PALA NURSERY LIMITED Registered Number 05244948

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures and fittings and equipment - 25% straight line
Motor vehicles - 25% reducing balance
Computer equipment - 25% straight line

Intangible assets amortisation policy
Acquired goodwill is written off in equal instalments over its estimated useful economic life of 20 years.

Other accounting policies
The company operates a directors account. The amount owed by the company to the director at the year end was £112,518.

2Intangible fixed assets

	£
Cost
At 1 July 2013	150,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	150,000
Amortisation
At 1 July 2013	7,500
Charge for the year	7,500
On disposals	-
At 30 June 2014	15,000
Net book values
At 30 June 2014	135,000
At 30 June 2013	142,500

3Tangible fixed assets

	£
Cost
At 1 July 2013	40,202
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	40,202
Depreciation
At 1 July 2013	38,416
Charge for the year	446
On disposals	-
At 30 June 2014	38,862
Net book values
At 30 June 2014	1,340
At 30 June 2013	1,786