Contents of the Financial Statements

for the Period Ended 31 March 2019

Company Information

for the Period Ended 31 March 2019

Directors' Report Period Ended 31 March 2019

The directors present their report with the financial statements of the company for the period ended 31 March 2019

Directors

The directors shown below have held office during the whole of the period from 01 April 2018 to 31 March 2019
Clare Simpson
Eliza Lam

The director(s) shown below were appointed to the company during the period
Hatt Reiss
24 January 2019

The director(s) shown below resigned during the period
Shoshana Burke
02 July 2018

Balance sheet

As at 31 March 2019

The notes form part of these financial statements

Balance sheet continued

As at 31 March 2019

For the year ending 31 March 2019 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2019

• 1. Accounting policies

  Basis of measurement and preparation

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

  Turnover policy

  Turnover represents the aggregate amount of fees in respect of the provision of nursery services.

  Tangible fixed assets depreciation policy

  Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.
  
  Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
  
  Depreciation is provided on the following basis:
  Leasehold improvements 33% straight line basis
  Computer equipment 33% straight line basis
  Plant and machinery 20% straight line basis
  
  The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

  Other accounting policies

  Current and deferred taxation policy: The tax on surplus for the year comprises current and deferred tax. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet, except that: (1) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits, and (2) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date. Included in the tax on surplus is a provision for deferred taxation of £1,231 (2018: £1,395).

Notes to the Financial Statements

for the Period Ended 31 March 2019

• 2. Employees

  	2019	2018
  Average number of employees during the period	6	5

Notes to the Financial Statements

for the Period Ended 31 March 2019

3. Tangible Assets

Notes to the Financial Statements

for the Period Ended 31 March 2019

• 4. Debtors

  Debtors includes trade debtors of £639 (2018: £7,156) and other debtors of £nil (2018: £2,410).

Notes to the Financial Statements

for the Period Ended 31 March 2019

5. Creditors: amounts falling due within one year note

Notes to the Financial Statements

for the Period Ended 31 March 2019

• 6. Post balance sheet events

  After the balance sheet date, Clare Simpson resigned as a director on 01 October 2019 and Kate Joseph was appointed as director on 06 November 2019.