Abbreviated Company Accounts - EVOLUTION CHILDCARE FRANCHISE LTD

EVOLUTION CHILDCARE FRANCHISE LTD - Company Information

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Registered Number 08162506

EVOLUTION CHILDCARE FRANCHISE LTD

Abbreviated Accounts

31 December 2014

EVOLUTION CHILDCARE FRANCHISE LTD Registered Number 08162506

Abbreviated Balance Sheet as at 31 December 2014

	Notes	31/12/2014	31/07/2013
		£	£
Current assets
Debtors		5,327	100
Cash at bank and in hand		372	-
		5,699	100
Creditors: amounts falling due within one year		(147,278)	0
Net current assets (liabilities)		(141,579)	100
Total assets less current liabilities		(141,579)	100
Total net assets (liabilities)		(141,579)	100
Capital and reserves
Called up share capital	2	100	100
Profit and loss account		(141,679)	0
Shareholders' funds		(141,579)	100

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

EVOLUTION CHILDCARE FRANCHISE LTD Registered Number 08162506

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 earned in respect of the granting of a franchise is recognised when substantially all of the goods and services due to the franchisee under the terms of the franchise agreement have been delivered. Continuing fees earned under the terms of the franchise are recognised on an accruals basis.

Other accounting policies
Going concern basis of accounting:
At the balance sheet date, the company’s liabilities exceeded its assets. The company has received assurance from the director that they will continue to give financial support to the company for twelve months from the date of signing these financial statements.

On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company’s accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustments to the company’s assets or liabilities that might be necessary should this basis not continue to be appropriate.

2Called Up Share Capital
Allotted, called up and fully paid:

	31/12/2014 £	31/07/2013 £
100 Ordinary shares of £1 each	100	100

3Transactions with directors

Name of director receiving advance or credit:	Mrs S Jones
Description of the transaction:	related party creditor balances
Balance at 1 August 2013:	£ 0
Advances or credits made:	£ 8,296
Advances or credits repaid:	-
Balance at 31 December 2014:	£ 8,296

Name of director receiving advance or credit:	Mrs S Jones
Description of the transaction:	related party debtor balances
Balance at 1 August 2013:	£ 0
Advances or credits made:	£ 879
Advances or credits repaid:	-
Balance at 31 December 2014:	£ 879

Included in debtors are the following amounts due from companies in which Mrs S Jones is also a director and shareholder:

Kids Academy Nursery Group Ltd £779

Also included in debtors is an amount of £100 due from Evolution Adultcare Property Ltd, a company in which Mrs S Jones husband is the director and shareholder.

Included in creditors are the following amounts due to companies in which Mrs S Jones is also a director and shareholder:

The Willows Nursery School Limited £4,000
Kalgarth Grange Nursery School Ltd £4,296