QKS Meadowview Nursery Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05481288 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2019

for

QKS Meadowview Nursery Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Pooley

P C Townley

S Wilkinson

REGISTERED OFFICE:

Lowther House

Lowther Street

Kendal

Cumbria

LA9 4DX

REGISTERED NUMBER:

05481288 (England and Wales)

ACCOUNTANTS:

Stables Thompson & Briscoe

Chartered Accountants & Business Advisors

Lowther House

Lowther Street

Kendal

LA9 4DX

FIXED ASSETS

Tangible assets

4

-

477

CURRENT ASSETS

Debtors

5

21,620

8,040

Cash at bank and in hand

28,559

51,195

50,179

59,235

CREDITORS

Amounts falling due within one year

6

10,869

16,797

NET CURRENT ASSETS

39,310

42,438

TOTAL ASSETS LESS CURRENT LIABILITIES

39,310

42,915

PROVISIONS FOR LIABILITIES

-

91

NET ASSETS

39,310

42,824

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

39,309

42,823

39,310

42,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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 applicable to companies subject to the small companies regime.

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 21 January 2020 and were signed on its behalf by:

S Pooley - Director

1.	STATUTORY INFORMATION

QKS Meadowview Nursery 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

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 each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2018 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2018

3,243

Disposals

(3,243

)

At 31 August 2019

-

DEPRECIATION

At 1 September 2018

2,766

Eliminated on disposal

(2,766

)

At 31 August 2019

-

NET BOOK VALUE

At 31 August 2019

-

At 31 August 2018

477

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Trade debtors

6,620

5,039

Other debtors

15,000

3,001

21,620

8,040

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Bank loans and overdrafts

13

-

Trade creditors

2,658

7,174

Taxation and social security

78

3,013

Other creditors

8,120

6,610

10,869

16,797