Children's Corner (Farsley) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05451932 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended

31 August 2015

for

Children's Corner (Farsley) Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

125,243

133,915

CURRENT ASSETS

Stocks

950

850

Debtors

72,650

70,344

Cash at bank

3

4,393

73,603

75,587

CREDITORS

Amounts falling due within one year

3

50,646

59,969

NET CURRENT ASSETS

22,957

15,618

TOTAL ASSETS LESS CURRENT LIABILITIES

148,200

149,533

CREDITORS

Amounts falling due after more than one year

3

(62,015

)

(81,546

)

PROVISIONS FOR LIABILITIES

(2,572

)

(2,725

)

NET ASSETS

83,613

65,262

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

83,513

65,162

SHAREHOLDERS' FUNDS

83,613

65,262

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 11 March 2016 and were signed on its behalf by:

Mrs L A Dawson - Director

A Dawson - 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 the value of services provided during the period, excluding value added tax.

Tangible fixed assets

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

Freehold property

-

4% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

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

the balance sheet date.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

228,525

Additions

1,798

At 31 August 2015

230,323

DEPRECIATION

At 1 September 2014

94,610

Charge for year

10,470

At 31 August 2015

105,080

NET BOOK VALUE

At 31 August 2015

125,243

At 31 August 2014

133,915

3.

CREDITORS

Creditors include an amount of £ 80,942 (2014 - £ 100,518 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2015 and

31 August 2014:

2015

2014

£

£

Mrs L A Dawson and A Dawson

Balance outstanding at start of year

23,336

12,165

Amounts advanced

32,036

70,346

Amounts repaid

(28,073

)

(59,175

)

Balance outstanding at end of year

27,299

23,336