Abbreviated Company Accounts - PENSHAW NURSERY LTD

PENSHAW NURSERY LTD - Company Information

Registered Number 05836585

PENSHAW NURSERY LTD

Abbreviated Accounts

31 March 2015

PENSHAW NURSERY LTD Registered Number 05836585

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	9,375	13,875
Tangible assets	3	22,524	26,499
		31,899	40,374
Current assets
Stocks		24,388	27,500
Debtors		260,739	249,414
Cash at bank and in hand		2,906	11,828
		288,033	288,742
Creditors: amounts falling due within one year		(77,802)	(48,983)
Net current assets (liabilities)		210,231	239,759
Total assets less current liabilities		242,130	280,133
Creditors: amounts falling due after more than one year		(204,624)	(233,970)
Provisions for liabilities		(1,699)	(2,345)
Total net assets (liabilities)		35,807	43,818
Capital and reserves
Called up share capital		100	100
Profit and loss account		35,707	43,718
Shareholders' funds		35,807	43,818

For the year ending 31 March 2015 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 29 December 2015

And signed on their behalf by:
A Green, Director

PENSHAW NURSERY LTD Registered Number 05836585

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 the total invoice value, excluding value added tax, of sales made during the year
and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% straight line

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of
10 years.

2Intangible fixed assets

	£
Cost
At 1 April 2014	45,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	45,000
Amortisation
At 1 April 2014	31,125
Charge for the year	4,500
On disposals	-
At 31 March 2015	35,625
Net book values
At 31 March 2015	9,375
At 31 March 2014	13,875

3Tangible fixed assets

	£
Cost
At 1 April 2014	35,975
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	35,975
Depreciation
At 1 April 2014	9,476
Charge for the year	3,975
On disposals	-
At 31 March 2015	13,451
Net book values
At 31 March 2015	22,524
At 31 March 2014	26,499