Pride & Joy Nursery Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC473448 (Scotland)

Abbreviated Accounts for the Period 25 March 2014 to 31 March 2015

for

PRIDE & JOY NURSERY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTORS:

D McMenamin

N Brown

REGISTERED OFFICE:

14 Moraine Drive

Glasgow

G15 6HB

REGISTERED NUMBER:

SC473448 (Scotland)

ACCOUNTANTS:

G O Thomson & Co

Chartered Accountants

11 Clyde Street

Carluke

ML8 5BA

FIXED ASSETS

Tangible assets

2

8,898

CURRENT ASSETS

Cash at bank

1,608

CREDITORS

Amounts falling due within one year

27,563

NET CURRENT LIABILITIES

(25,955

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(17,057

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(17,059

)

SHAREHOLDERS' FUNDS

(17,057

)

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

The members have not required the company to obtain an audit of its financial statements for the period 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 23 December 2015 and were signed on its behalf by:

N Brown - 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 net invoiced sales of services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Toys & Equipment

-

20% on cost

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

11,183

At 31 March 2015

11,183

DEPRECIATION

Charge for period

2,285

At 31 March 2015

2,285

NET BOOK VALUE

At 31 March 2015

8,898

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary Shares

£1

2

4.	GOING CONCERN

The directors have indicated their willingness to continue to support the business and not demand repayment of

their loans until the company is in a position to do so without effecting its financial viability.

Although it has been a difficult first year the directors are confident the company is through the worst of it and

has turned the corner and will be a financially viable business going forwards. The directors consider no

adjustment is necessary to the figures to reflect the company's going concern status.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Pride & Joy Nursery Limited for the period ended 31 March 2015 which comprise the Profit and

Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the Board of Directors of Pride & Joy Nursery Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pride & Joy Nursery Limited and state those matters that we have agreed to state to the Board of Directors of Pride & Joy Nursery Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pride & Joy Nursery Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Pride & Joy Nursery Limited. You consider that Pride & Joy Nursery Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Pride & Joy Nursery

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

G O Thomson & Co

Chartered Accountants

11 Clyde Street

Carluke

ML8 5BA

23 December 2015