ALL MY FRIENDS CHILDCARE LIMITED

ALL MY FRIENDS CHILDCARE LIMITED

ALL MY FRIENDS CHILDCARE LIMITED - Company Information

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ALL MY FRIENDS CHILDCARE LIMITED

Company Registration Number:
05725120 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2018

Period of accounts

Start date: 01 August 2017

End date: 31 July 2018

ALL MY FRIENDS CHILDCARE LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2018

Balance sheet
Notes

ALL MY FRIENDS CHILDCARE LIMITED

Balance sheet

As at 31 July 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 466,039 476,636
Total fixed assets: 466,039 476,636
Current assets
Stocks: 1,500 1,500
Debtors:   134,821 165,182
Cash at bank and in hand: 7,381 4,433
Total current assets: 143,702 171,115
Creditors: amounts falling due within one year:   (699,585) (742,376)
Net current assets (liabilities): (555,883) (571,261)
Total assets less current liabilities: (89,844) (94,625)
Creditors: amounts falling due after more than one year:   (556,623) (585,899)
Total net assets (liabilities): (646,467) (680,524)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (646,567) (680,624)
Shareholders funds: (646,467) (680,524)

The notes form part of these financial statements

ALL MY FRIENDS CHILDCARE LIMITED

Balance sheet statements

For the year ending 31 July 2018 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 April 2019
and signed on behalf of the board by:

Name: Karen Heaton-Jones
Status: Director

The notes form part of these financial statements

ALL MY FRIENDS CHILDCARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable and representsamounts receivable for goods supplied and services rendered, stated net of discounts and of ValueAdded Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership ofthe goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue canbe measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.When the outcome of a transaction involving the rendering of services can be reliably estimated,revenue from the rendering of services is measured by reference to the stage of completion of theservice transaction at the end of the reporting period.When the outcome of a transaction involving the rendering of services cannot be reliably estimated,revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Freehold property - 2% straight linePlant and machinery - 25% reducing balanceFittings fixtures and equipment - 25% reducing balanceMotor vehicles - 25% reducing balanceOther assets - 25% reducing balanceIf there is an indication that there has been a significant change in depreciation rate, useful life orresidual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

ALL MY FRIENDS CHILDCARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2018

2. Employees

2018 2017
Average number of employees during the period 35 35

ALL MY FRIENDS CHILDCARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2018

3. Tangible Assets

Total
Cost £
At 01 August 2017 680,248
Additions 5,381
At 31 July 2018 685,629
Depreciation
At 01 August 2017 203,612
Charge for year 15,978
At 31 July 2018 219,590
Net book value
At 31 July 2018 466,039
At 31 July 2017 476,636