Woodlands Nursery (Derby) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02955645 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2015

for

Woodlands Nursery (Derby) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

T J V Pratt

Mrs S D Pratt

SECRETARY:

T J V Pratt

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

REGISTERED NUMBER:

02955645 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Intangible assets

2

187,500

200,000

Tangible assets

3

26,122

23,343

213,622

223,343

CURRENT ASSETS

Debtors

249,792

163,245

Cash at bank

9,653

-

259,445

163,245

CREDITORS

Amounts falling due within one year

4

60,745

57,235

NET CURRENT ASSETS

198,700

106,010

TOTAL ASSETS LESS CURRENT LIABILITIES

412,322

329,353

CREDITORS

Amounts falling due after more than one year

4

2,755

-

NET ASSETS

409,567

329,353

CAPITAL AND RESERVES

Called up share capital

5

2

2

Profit and loss account

409,565

329,351

SHAREHOLDERS' FUNDS

409,567

329,353

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 11 September 2015 and were signed on its behalf by:

Mrs S D Pratt - Director

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

Turnover represents sales of services provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all material timing differences.

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.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

250,000

AMORTISATION

At 1 April 2014

50,000

Amortisation for year

12,500

At 31 March 2015

62,500

NET BOOK VALUE

At 31 March 2015

187,500

At 31 March 2014

200,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

55,505

Additions

8,483

At 31 March 2015

63,988

DEPRECIATION

At 1 April 2014

32,162

Charge for year

5,704

At 31 March 2015

37,866

NET BOOK VALUE

At 31 March 2015

26,122

At 31 March 2014

23,343

4.

CREDITORS

Creditors include an amount of £ 5,298 for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year net advances totalling £76,754 were made to the directors. Interest of £1,618 was paid

to the company.