Accounts filed on 31-10-2019

Accounts filed on 31-10-2019

RAINBOW DAY NURSERY (EARLY YEARS CENTRE) LIMITED - Company Information

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Registered number: 04901419
Rainbow Day Nursery (Early Years Centre) Limited
ACCOUNTS
FOR THE YEAR ENDED 31/10/2019
Prepared By:
Douglas Colmer & Co
Chartered Accountants
Orwell Lodge
13 Lesney Park Road
Erith
Kent
DA8 3DQ
Rainbow Day Nursery (Early Years Centre) Limited
ACCOUNTS
FOR THE YEAR ENDED 31/10/2019
DIRECTORS
S J Fudge
K L Springhall
SECRETARY
K L Springhall
REGISTERED OFFICE
Summerhill Road
Dartford
Kent
DA1 2LP
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04901419
ACCOUNTANTS
Douglas Colmer & Co
Chartered Accountants
Orwell Lodge
13 Lesney Park Road
Erith
Kent
DA8 3DQ
Rainbow Day Nursery (Early Years Centre) Limited
ACCOUNTS
FOR THEYEARENDED31/10/2019
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Rainbow Day Nursery (Early Years Centre) Limited
BALANCE SHEET AT 31/10/2019
20192018
Notes££
FIXED ASSETS
Tangible assets328,0573,008
CURRENT ASSETS
Debtors412,99311,829
Cash at bank and in hand105,493124,220
118,486136,049
CREDITORS: Amounts falling due within one year551,14269,081
NET CURRENT ASSETS67,34466,968
TOTAL ASSETS LESS CURRENT LIABILITIES95,40169,976
PROVISIONS FOR LIABILITIES AND CHARGES75,331320
NET ASSETS90,07069,656
CAPITAL AND RESERVES
Called up share capital81,0001,000
Profit and loss account89,07068,656
SHAREHOLDERS' FUNDS90,07069,656
For the year ending 31/10/2019 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 05/05/2020 and signed on their behalf by
.............................
S J Fudge
Director
.............................
K L Springhall
Director
Rainbow Day Nursery (Early Years Centre) Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2019
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1e. Leasing Commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.
1f. Employer Financed Retirement Benefits Scheme
1g.
Rainbow Day Nursery (Early Years Centre) Limited
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/11/2018140,000140,000
At 31/10/2019140,000140,000
Depreciation
At 01/11/2018140,000140,000
At 31/10/2019140,000140,000
Net Book Amounts
At 31/10/2019--
3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/11/201843,61943,619
Additions34,40534,405
At 31/10/201978,02478,024
Depreciation
At 01/11/201840,61140,611
For the year9,3569,356
At 31/10/201949,96749,967
Net Book Amounts
At 31/10/201928,05728,057
At 31/10/20183,0083,008
4. DEBTORS 20192018
££
Amounts falling due within one year
Debtors and prepayments12,99311,829
12,99311,829
Rainbow Day Nursery (Early Years Centre) Limited
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20192018
££
UK corporation tax29,11242,078
PAYE control5,0084,504
Other creditors17,02222,499
51,14269,081
6. EMPLOYEES
20192018
No.No.
Average number of employees3734
7. PROVISIONS FOR LIABILITIES 20192018
££
Deferred taxation5,331320
5,331320
8. SHARE CAPITAL 20192018
££
Allotted, issued and fully paid:
920 Ordinary A shares of £1 each920920
80 Class B shares of £1 each8080
1,0001,000
Rainbow Day Nursery (Early Years Centre) Limited
9. OTHER FINANCIAL COMMITMENTS
At 31/10/2019 the company was committed to making the following payments under non-cancellable operating leases:
20192018
££
Operating Leases which expire:
Within one year-180
Within two to five years643-
After 5 years37,00037,000