Benison (Nursery School) Ltd - Accounts to registrar (filleted) - small 18.2

Benison (Nursery School) Ltd - Accounts to registrar (filleted) - small 18.2

BENISON (NURSERY SCHOOL) LIMITED - Company Information

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REGISTERED NUMBER: 02360439 (England and Wales)















Financial Statements for the Year Ended 30 September 2018

for

Benison (Nursery School) Ltd
Benison (Nursery School) Ltd (Registered number: 02360439)






Contents of the Financial Statements
for the Year Ended 30 September 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Benison (Nursery School) Ltd

Company Information
for the Year Ended 30 September 2018







DIRECTOR: Mrs J C Swinnerton





REGISTERED OFFICE: Rake Lane
Eccleston
Chester
CH4 9JN





REGISTERED NUMBER: 02360439 (England and Wales)





ACCOUNTANTS: Fountain Accountancy Ltd
Great Western House
The Sidings
Boundary Lane
Saltney
Chester
CH4 8RD
Page 1
Benison (Nursery School) Ltd (Registered number: 02360439)

Balance Sheet
30 September 2018

30.9.18 30.9.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 655,673 641,225

CURRENT ASSETS
Debtors 5 11,015 8,839
Cash in hand 559 323
11,574 9,162
CREDITORS
Amounts falling due within one year 6 111,721 102,173
NET CURRENT LIABILITIES (100,147 ) (93,011 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
555,526
548,214

PROVISIONS FOR LIABILITIES 5,861 4,292
NET ASSETS 549,665 543,922

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 364,032 364,032
Retained earnings 185,533 179,790
SHAREHOLDERS' FUNDS 549,665 543,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these financial statements

Page 2 continued...
Benison (Nursery School) Ltd (Registered number: 02360439)

Balance Sheet - continued
30 September 2018


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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 25 June 2019 and were signed by:





Mrs J C Swinnerton - Director


The notes form part of these financial statements

Page 3
Benison (Nursery School) Ltd (Registered number: 02360439)

Notes to the Financial Statements
for the Year Ended 30 September 2018

1. STATUTORY INFORMATION

Benison (Nursery School) 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents fees receivable for goods supplied and services provided during the
period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings at 2% of cost/valuation.
Plant and machinery etc. at 10% to 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, except to the extent that it relates to items recognised in other comprehensive
income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that
have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in
periods different from those in which they are recognised in financial statements. Deferred
tax is measured using tax rates and laws that have been enacted or substantively enacted
by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it
is probable that they will be recovered against the reversal of deferred tax liabilities or other
future taxable profits.

Page 4 continued...
Benison (Nursery School) Ltd (Registered number: 02360439)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2018

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over
the period of the lease.

Pension costs and other post-retirement benefits
The Company operates a defined contribution pension scheme and contributes to personal
pension schemes under auto enrolment. Contributions are charged to the profit and loss
account in the period in which they are payable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2017 - 34 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 October 2017 809,968 72,398 882,366
Additions 22,616 15,493 38,109
At 30 September 2018 832,584 87,891 920,475
DEPRECIATION
At 1 October 2017 191,332 49,809 241,141
Charge for year 16,426 7,235 23,661
At 30 September 2018 207,758 57,044 264,802
NET BOOK VALUE
At 30 September 2018 624,826 30,847 655,673
At 30 September 2017 618,636 22,589 641,225

Page 5 continued...
Benison (Nursery School) Ltd (Registered number: 02360439)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2018

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 September 2018 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2005 300,418 - 300,418
Cost 532,166 87,891 620,057
832,584 87,891 920,475

If freehold property had not been revalued it would have been included at the following
historical cost:

30.9.18 30.9.17
£    £   
Cost 532,166 509,550
Aggregate depreciation 203,157 192,514

Freehold property was valued on an open market basis on 21 June 2005 by Allied Surveyors Plc, Chester
.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.18 30.9.17
£    £   
Trade debtors 5,499 4,002
Other debtors 5,516 4,837
11,015 8,839

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.18 30.9.17
£    £   
Bank loans and overdrafts 16,479 22,835
Trade creditors 4,473 3,907
Taxation and social security 19,879 15,565
Other creditors 70,890 59,866
111,721 102,173

Page 6 continued...
Benison (Nursery School) Ltd (Registered number: 02360439)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2018

7. SECURED DEBTS

The following secured debts are included within creditors:

30.9.18 30.9.17
£    £   
Bank overdrafts 16,479 22,835

Bank loans and overdrafts are secured by a fixed charge over freehold property together
with a floating charge over all other assets.

8. RESERVES
Revaluation
reserve
£   
At 1 October 2017
and 30 September 2018 364,032

9. RELATED PARTY DISCLOSURES

The Company is controlled by the sole director, Mrs J C Swinnerton.

Page 7