High Hopes Nurseries Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08225034 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

HIGH HOPES NURSERIES LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

Mrs V A Williams

C J Williams

Ms L M S Konstantino

REGISTERED OFFICE:

18 Church Street

Ashton under Lyne

Lancashire

OL6 6XE

REGISTERED NUMBER:

08225034 (England and Wales)

ACCOUNTANTS:

Hanley & Co

Chartered Accountants

18 Church Street

Ashton-under-Lyne

Lancashire

OL6 6XE

FIXED ASSETS

Intangible assets

4

39,998

49,998

Tangible assets

5

61,567

10,496

101,565

60,494

CURRENT ASSETS

Stocks

200

200

Debtors

(4,596

)

(5,276

)

Cash at bank

158,942

207,114

154,546

202,038

CREDITORS

Amounts falling due within one year

66,526

67,736

NET CURRENT ASSETS

88,020

134,302

TOTAL ASSETS LESS CURRENT LIABILITIES

189,585

194,796

CREDITORS

Amounts falling due after more than one year

42,900

143,140

NET ASSETS

146,685

51,656

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

146,585

51,556

SHAREHOLDERS' FUNDS

146,685

51,656

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

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

The directors acknowledge their 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 Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 1 July 2019 and were signed on its behalf by:

C J Williams - Director

1.	STATUTORY INFORMATION

High Hopes Nurseries 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.

Turnover

Turnover represents childcare fees and grants receivable.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the value of each asset over its

estimated useful life:-

Computer equipment 25%

Fixtures and fittings 15%

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 24 (2017 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2018

and 31 December 2018

99,996

AMORTISATION

At 1 January 2018

49,998

Amortisation for year

10,000

At 31 December 2018

59,998

NET BOOK VALUE

At 31 December 2018

39,998

At 31 December 2017

49,998

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2018

16,565

Additions

59,552

At 31 December 2018

76,117

DEPRECIATION

At 1 January 2018

6,069

Charge for year

8,481

At 31 December 2018

14,550

NET BOOK VALUE

At 31 December 2018

61,567

At 31 December 2017

10,496

The following reproduces the text of the report prepared for the directors 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 Abridged Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2018 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Hanley & Co

Chartered Accountants

18 Church Street

Ashton-under-Lyne

Lancashire

OL6 6XE

1 July 2019