Chapel Grange Montessori Nursery Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03137138 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2014

for

Chapel Grange Montessori Nursery Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr P Moretti

SECRETARY:

Mr C Shears

REGISTERED OFFICE:

Unit 2 Asher Court

Lyncastle Way

Barleycastle Trading Estate

Appleton, Warrington

Cheshire

WA4 4ST

REGISTERED NUMBER:

03137138 (England and Wales)

ACCOUNTANTS:

Sterling Partners Limited

Chartered Accountants

Chartered Tax Advisors

2nd Floor, Grove House

774-780 Wilmslow Road

Didsbury

Manchester

Greater Manchester

M20 2DR

FIXED ASSETS

Tangible assets

2

27,055

32,102

CURRENT ASSETS

Debtors

18,558

15,649

Cash at bank and in hand

26,869

30,511

45,427

46,160

CREDITORS

Amounts falling due within one year

77,453

52,410

NET CURRENT LIABILITIES

(32,026

)

(6,250

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,971

)

25,852

PROVISIONS FOR LIABILITIES

5,199

6,129

NET (LIABILITIES)/ASSETS

(10,170

)

19,723

CAPITAL AND RESERVES

Called up share capital

3

950

950

Capital redemption reserve

50

50

Profit and loss account

(11,170

)

18,723

SHAREHOLDERS' FUNDS

(10,170

)

19,723

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 12 March 2015 and were signed by:

Mr P Moretti - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At 31st August 2014, the company had net current liabilities of £32,026 (2013: £6,250) and total net liabilities

of £10,170 (2013: net assets of £19,723). The director is of the opinion that it is appropriate to prepare the

financial statements on a going concern basis. The financial statements do not include any adjustments that

would result from a withdrawal of support by its investors.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

15% on cost

Fixtures and fittings

-

10% on cost

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

71,702

Additions

901

At 31 August 2014

72,603

DEPRECIATION

At 1 September 2013

39,600

Charge for year

5,948

At 31 August 2014

45,548

NET BOOK VALUE

At 31 August 2014

27,055

At 31 August 2013

32,102

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

£1

950

950