Abbreviated Company Accounts - THE WILLOWS NURSERY SCHOOL LIMITED

THE WILLOWS NURSERY SCHOOL LIMITED - Company Information

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Registered Number 04864383

THE WILLOWS NURSERY SCHOOL LIMITED

Abbreviated Accounts

31 December 2014

THE WILLOWS NURSERY SCHOOL LIMITED Registered Number 04864383

Abbreviated Balance Sheet as at 31 December 2014

	Notes	31/12/2014	30/04/2014
		£	£
Fixed assets
Tangible assets	2	398,333	11,917
		398,333	11,917
Current assets
Debtors		67,500	73,685
Cash at bank and in hand		39,126	26,611
		106,626	100,296
Creditors: amounts falling due within one year	3	(134,996)	(67,421)
Net current assets (liabilities)		(28,370)	32,875
Total assets less current liabilities		369,963	44,792
Creditors: amounts falling due after more than one year	3	(350,223)	(2,830)
Total net assets (liabilities)		19,740	41,962
Capital and reserves
Called up share capital	4	30,000	30,000
Profit and loss account		(10,260)	11,962
Shareholders' funds		19,740	41,962

For the year ending 31 December 2014 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 30 September 2015

And signed on their behalf by:
Mrs S Jones, Director

THE WILLOWS NURSERY SCHOOL LIMITED Registered Number 04864383

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents charges to external customers exclusive of Value Added Tax invoiced during the period.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less it estimated residual value, over the useful economic life of that asset as follows:

Fixtures & fittings - 25% per annum on cost
Computer equipment - 25% per annum on cost
Freehold property 2% per annum on cost (to commence 2015)

Other accounting policies
The directors have taken advantage of the exemption in Financial Reporting Standard No 1 from including a cash flow statement in the financial statements on the grounds that the company is small.

2Tangible fixed assets

	£
Cost
At 1 May 2014	78,896
Additions	389,593
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	468,489
Depreciation
At 1 May 2014	66,979
Charge for the year	3,177
On disposals	-
At 31 December 2014	70,156
Net book values
At 31 December 2014	398,333
At 30 April 2014	11,917

3Creditors

	31/12/2014 £	30/04/2014 £
Secured Debts	373,004	8,294
Instalment debts due after 5 years	277,823	0

4Called Up Share Capital
Allotted, called up and fully paid:

	31/12/2014 £	30/04/2014 £
30,000 Ordinary shares of £1 each	30,000	30,000

5Transactions with directors

Name of director receiving advance or credit:	Mrs S Jones
Description of the transaction:	Related party balance
Balance at 1 May 2014:	£ 10,172
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 31 December 2014:	£ 10,172

Included in debtors are the following amounts owed by companies in which one or more of the directors have an interest:

Evolution Adultcare Property Limited £10,172 (April 2014: £10,172)
Evolution Care Property Limited £9,370 (April 2014: £10,000)
Evolution Childcare Franchise Ltd £4,000 (April 2014: £nil)
The Stables Nursery School LLP £30,503 (April 2014:£38,503)

Included in creditors are the following amounts owed to companies in which one or more of the directors have an interest:

Kids Academy Nursery Group Limited £6,000 (April 2014: £6,000)
Kalgarth Grange Nursery School Limited £31,727 (April 2014: £3,776)

At 31 December 2014 a loan of £15,000 is owed to a pension scheme in which one of the directors is a beneficiary.