Jennifer Lace Childcare (Shropshire) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09178164

JENNIFER LACE CHILDCARE (SHROPSHIRE) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Miss H Vyse

S A Hemmings

SECRETARY:

Miss S Vyse

REGISTERED OFFICE:

The Old Mill Barn

Mill Street

Bridgnorth

Shropshire

WV15 5AG

REGISTERED NUMBER:

09178164

ACCOUNTANTS:

Wallace Crooke

Chartered Accountants

College House

St. Leonards Close

Bridgnorth

Shropshire

WV16 4EJ

FIXED ASSETS

Tangible assets

4

59,799

29,064

CURRENT ASSETS

Cash at bank

61,389

89,318

CREDITORS

Amounts falling due within one year

5

17,164

23,636

NET CURRENT ASSETS

44,225

65,682

TOTAL ASSETS LESS CURRENT LIABILITIES

104,024

94,746

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

7

104,022

94,744

SHAREHOLDERS' FUNDS

104,024

94,746

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 March 2020 and were signed on its behalf by:

Miss H Vyse - Director

1.	STATUTORY INFORMATION

Jennifer Lace Childcare (Shropshire) Ltd is a private company, limited by shares , registered in Not

specified/Other. 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.

Tangible fixed assets

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

Improvements to property

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

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.

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 44 (2018 - 41 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

At 1 September 2018

14,254

32,019

46,273

Additions

4,182

39,085

43,267

At 31 August 2019

18,436

71,104

89,540

DEPRECIATION

At 1 September 2018

7,149

10,060

17,209

Charge for year

3,614

8,918

12,532

At 31 August 2019

10,763

18,978

29,741

NET BOOK VALUE

At 31 August 2019

7,673

52,126

59,799

At 31 August 2018

7,105

21,959

29,064

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

-

1

Corporation tax

7,532

11,052

Social security and other taxes

4,990

9,644

Pensions

838

-

3rd party loan

388

388

Director's current account

1,797

932

Accrued expenses

1,619

1,619

17,164

23,636

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1

Ordinary

£1

1

1

1

Ordinary B Share

£1

1

1

2

2

7.

RESERVES

Retained

earnings

£

At 1 September 2018

94,744

Profit for the year

59,278

Dividends

(50,000

)

At 31 August 2019

104,022