Abbreviated Company Accounts - NEW DUSTON PRE-SCHOOL LIMITED
Abbreviated Company Accounts - NEW DUSTON PRE-SCHOOL LIMITED
Registered Number 05722206
NEW DUSTON PRE-SCHOOL LIMITED
Abbreviated Accounts
28 February 2015
NEW DUSTON PRE-SCHOOL LIMITED Registered Number 05722206
Abbreviated Balance Sheet as at 28 February 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Debtors | 4 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 5 |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 28 February 2015 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 in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
NEW DUSTON PRE-SCHOOL LIMITED Registered Number 05722206
Notes to the Abbreviated Accounts for the period ended 28 February 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Land and buidlings Straight line over 20 years
Plant and machinery 25% reducing balance
Fixtures and fittings 20% reducing balance
Computer equipment 33% straight line
Motor vehicles 25% reducing balance
Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful remaining life of five years.
Other accounting policies
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Grants
Grants of a revenue nature are credited to the profit and loss account in the year which they accrue. Grants for the purchase of fixed assets are treated as deferred income and credited to the profit and loss account over the estimated useful life of the relevant assets.
£ | |
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Cost | |
At 1 March 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 28 February 2015 |
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Amortisation | |
At 1 March 2014 |
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Charge for the year |
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On disposals |
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At 28 February 2015 |
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Net book values | |
At 28 February 2015 | 9,800 |
At 28 February 2014 | 14,700 |
£ | |
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Cost | |
At 1 March 2014 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 28 February 2015 |
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Depreciation | |
At 1 March 2014 |
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Charge for the year |
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On disposals |
( |
At 28 February 2015 |
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Net book values | |
At 28 February 2015 | 359,498 |
At 28 February 2014 | 353,371 |
£ £
Trade debtors 5,644 7,518
Other debtors 97,724 101,199
103,368 108,717
Included in Debtors: amounts falling due within one year is £9,326 (2014: £12,858)
owed to the company by Mrs S Wigley and £9,497 (2014: £12,593) owed to the company
by Mr C Wigley. Interest is charged on the loans to the directors and the loans were fully repaid
after the balance sheet date.
6Transactions with directors
Name of director receiving advance or credit: | ||
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Description of the transaction: | ||
Balance at 1 March 2014: | £ |
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Advances or credits made: | £ |
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Advances or credits repaid: | £ |
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Balance at 28 February 2015: | £ |
Name of director receiving advance or credit: | ||
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Description of the transaction: | ||
Balance at 1 March 2014: | £ |
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Advances or credits made: | £ |
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Advances or credits repaid: | £ |
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Balance at 28 February 2015: | £ |