SCHOOLS_PLUS_LIMITED - Accounts

SCHOOLS PLUS LIMITED - Company Information

Print Friendly Version

Company Registration No. 05164169 (England and Wales)

SCHOOLS PLUS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

SCHOOLS PLUS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SCHOOLS PLUS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

7,246

1,374

Current assets

Debtors

130,053

178,840

Cash at bank and in hand

480,722

126,721

610,775

305,561

Creditors: amounts falling due within one year

(566,916)

(334,222)

Net current assets/(liabilities)

43,859

(28,661)

Total assets less current liabilities

51,105

(27,287)

Creditors: amounts falling due after more than one year

(27,071)

51,105

(54,358)

Capital and reserves

Called up share capital

Share premium account

135

Profit and loss account

50,925

(54,388)

Shareholders' funds

51,105

(54,358)

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 September 2015

J C Woods

Director

Company Registration No. 05164169

SCHOOLS PLUS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The director has offered his continued support to the company for at least 12 months from the date of signature of these financial statements. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for letting of school facilities net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% straight line

Fixtures, fittings & equipment

15% reducing balance

Fixed assets

Tangible assets

Cost

At 1 January 2014

3,198

Additions

7,765

At 31 December 2014

10,963

Depreciation

At 1 January 2014

1,766

Charge for the year

1,951

At 31 December 2014

3,717

Net book value

At 31 December 2014

7,246

At 31 December 2013

1,374

SCHOOLS PLUS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £0 (2013 - £27,071).

Share capital

2014

2013

Allotted, called up and fully paid

45 Ordinary shares of £1 each

Ultimate parent company

During the year, the company was under the control of J.C. Woods, sole director and majority shareholder of the company.