Fennies Day Nurseries Limited - Limited company - abbreviated - 11.9

FENNIES DAY NURSERIES LIMITED

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2015

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

S P Fenn

Mrs S L Fenn

SECRETARY:

Mrs S L Fenn

REGISTERED OFFICE:

Christchurch Road

Purley

CR8 2NL

REGISTERED NUMBER:

05088188 (England and Wales)

ACCOUNTANTS:

Halsey & Co (Accountants) Ltd.

Chartered Certified Accountants

Registered Auditors

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

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 three to six)

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 Fennies Day Nurseries Limited for the year ended 31st 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Fennies Day Nurseries 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 Fennies Day Nurseries Limited and state those matters that we have agreed to state to the Board of Directors of Fennies Day Nurseries Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. 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 Fennies Day Nurseries 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 profit of Fennies Day Nurseries Limited. You consider that Fennies Day Nurseries Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fennies Day Nurseries

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.

Halsey & Co (Accountants) Ltd.

Chartered Certified Accountants

Registered Auditors

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

Date: .............................................

FIXED ASSETS

Intangible assets

2

312,000

336,000

Tangible assets

3

3,333,682

2,111,460

3,645,682

2,447,460

CURRENT ASSETS

Debtors

833,692

399,081

Cash at bank and in hand

53

7,340

833,745

406,421

CREDITORS

Amounts falling due within one year

1,179,100

878,972

NET CURRENT LIABILITIES

(345,355

)

(472,551

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,300,327

1,974,909

CREDITORS

Amounts falling due after more than one year

2,829,651

1,325,000

NET ASSETS

470,676

649,909

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

470,576

649,809

SHAREHOLDERS' FUNDS

470,676

649,909

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 6th January 2016 and were signed on its behalf by:

Mrs S L Fenn - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements report the position of the company for the year to 31st March 2012, inclusive of

properties and liabilities owned and attributable to the directors/shareholders.

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, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Long leasehold

-

5% on cost

Fixtures and fittings

-

20% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

and 31st March 2015

480,000

AMORTISATION

At 1st April 2014

144,000

Amortisation for year

24,000

At 31st March 2015

168,000

NET BOOK VALUE

At 31st March 2015

312,000

At 31st March 2014

336,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

2,958,193

Additions

1,425,777

At 31st March 2015

4,383,970

DEPRECIATION

At 1st April 2014

846,733

Charge for year

203,555

At 31st March 2015

1,050,288

NET BOOK VALUE

At 31st March 2015

3,333,682

At 31st March 2014

2,111,460

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

1

100

100