| Archangels Montessori Limited |
| Registered number: |
07600452 |
| Abbreviated Balance Sheet |
| as at 30 April 2015 |
|
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
19,955 |
|
|
13,395 |
|
| Current assets |
| Debtors |
35,077 |
|
|
16,964 |
| Cash at bank and in hand |
14,235 |
|
|
16,892 |
|
|
|
49,312 |
|
|
33,856 |
|
| Creditors: amounts falling due within one year |
(18,140) |
|
|
(8,758) |
|
| Net current assets |
31,172 |
|
|
25,098 |
|
| Net assets |
51,127 |
|
|
38,493 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Profit and loss account |
51,027 |
|
|
38,393 |
|
| Shareholders' funds |
51,127 |
|
|
38,493 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mrs Vera Jarrett |
| Director |
| Approved by the board on 29 January 2016 |
|
| Archangels Montessori Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 April 2015 |
|
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
Property Improvements |
10% straight line |
|
Nursery and office equipment |
25% straight line |
|
|
Deferred taxation |
|
Provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes to the extent to which such differences are expected to crystallise. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Leasing and hire purchase commitments |
|
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 May 2014 |
20,764 |
|
Additions |
12,158 |
|
At 30 April 2015 |
32,922 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2014 |
7,369 |
|
Charge for the year |
5,598 |
|
At 30 April 2015 |
12,967 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2015 |
19,955 |
|
At 30 April 2014 |
13,395 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
1p each |
|
10,000 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Mrs Vera Jarrett |
|
Interest free loan repayable on demand |
13,113 |
|
58,280 |
|
(71,136) |
|
257 |
|
|
Mr Ashley Davidson-Jarrett |
|
Interest free loan repayable on demand |
- |
|
18,716 |
|
(17,662) |
|
1,054 |
|
|
Mr Dudley Davidson-Jarrett |
|
Interest free loan repayable on demand |
3,377 |
|
4,921 |
|
(10,595) |
|
(2,297) |
|
|
|
16,490 |
|
81,917 |
|
(99,393) |
|
(986) |
|
|
|
|
|
|
|
|
|
