The Mead School Limited - Limited company - abbreviated - 11.6
The Mead School Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2014 |
| FOR |
| THE MEAD SCHOOL LIMITED |
| THE MEAD SCHOOL LIMITED (REGISTERED NUMBER: 03825123) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST AUGUST 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| THE MEAD SCHOOL LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST AUGUST 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| THE MEAD SCHOOL LIMITED (REGISTERED NUMBER: 03825123) |
| ABBREVIATED BALANCE SHEET |
| 31ST AUGUST 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 MEAD SCHOOL LIMITED (REGISTERED NUMBER: 03825123) |
| ABBREVIATED BALANCE SHEET - continued |
| 31ST AUGUST 2014 |
| The financial statements were approved by the Board of Directors on |
| THE MEAD SCHOOL LIMITED (REGISTERED NUMBER: 03825123) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST AUGUST 2014 |
| 1. | ACCOUNTING POLICIES |
| 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 |
| Income represents school fees and extra charges relating to the three academic terms in the year and income from |
| other activities. Fees invoiced in advance are carried forward for credit in the period to which they relate. |
| Goodwill |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off |
| the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
| Improvements to property | - Over the initial term of the lease plus 20 years |
| Fixtures and fittings | - 5% straight line |
| Motor vehicles | - 25% reducing balance |
| Computer equipment | - 25% reducing balance |
| Deferred tax |
| Deferred taxation has not been provided in these accounts as in the opinion of the directors there is reasonable |
| probability that the asset will not arise in the foreseeable future. This does not comply with Financial Reporting |
| Standard for Smaller Entities (effective April 2008) paragraph 9.4. If full provision for deferred taxation was |
| made in these accounts there would be a liability at 31 August 2014 of £23,205 (2013: £12,153). |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| Pension costs and other post-retirement benefits |
| Teaching staff are members of the Teachers' Pension Scheme (TPS), a defined benefit scheme administered by |
| the Teachers Pension Agency. Contributions to the Scheme are charged to the Profit and Loss account as they |
| fall due. The Teachers Pension Scheme is an unfunded scheme. Contributions on a "pay as you go" basis are |
| credited to the Exchequer under arrangements governed by the Superannuation Act 1972. Actuarial valuations |
| are carried out on a notional set of investments. Under the definitions set out in Financial Reporting Standard 17 |
| Retirement Benefits, the Teachers Pension Scheme is a multi-employer pension scheme. The School is unable to |
| identify its share of the underlying (notional) assets and liabilities of the scheme. Accordingly, under Financial |
| Reporting Standard 17 Retirement Benefits the scheme is accounted for as if it were a defined contribution |
| scheme. |
| The School also contributes to personal pension schemes for non-teaching staff. Contributions are made by the |
| employer. Contributions are charged to the profit and loss account as they fall due. |
| THE MEAD SCHOOL LIMITED (REGISTERED NUMBER: 03825123) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31ST AUGUST 2014 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st September 2013 |
| and 31st August 2014 |
| AMORTISATION |
| At 1st September 2013 |
| Amortisation for year |
| At 31st August 2014 |
| NET BOOK VALUE |
| At 31st August 2014 |
| At 31st August 2013 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st September 2013 |
| Additions |
| At 31st August 2014 |
| DEPRECIATION |
| At 1st September 2013 |
| Charge for year |
| At 31st August 2014 |
| NET BOOK VALUE |
| At 31st August 2014 |
| At 31st August 2013 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| A Ordinary | 10p |
| B Ordinary | 10p |
| C Ordinary | 10p |
| 2 | 2 |
| 5. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Mrs A Culley by virtue of the fact that she owns the majority of the voting share capital |
| of the company. |