The Charterland Academy Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07837642 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

FOR

THE CHARTERLAND ACADEMY LIMITED

TRADING AS

I CAN DAY NURSERIES

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

I J Carvell

Ms DS Ablitt

REGISTERED OFFICE:

I Can Day Nurseries

Kingsland Avenue

Chapelfields

Coventry

Warwickshire

CV5 8EB

REGISTERED NUMBER:

07837642 (England and Wales)

ACCOUNTANTS:

Dafferns LLP

Chartered Accountants

One Eastwood

Harry Weston Road

Binley Business Park

Coventry

CV3 2UB

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

2,078

5,716

2,078

5,716

CURRENT ASSETS

Debtors

122,404

68,213

Cash at bank and in hand

52,486

47,757

174,890

115,970

CREDITORS

Amounts falling due within one year

81,181

56,815

NET CURRENT ASSETS

93,709

59,155

TOTAL ASSETS LESS CURRENT LIABILITIES

95,787

64,871

CREDITORS

Amounts falling due after more than one year

(1,034

)

(1,723

)

PROVISIONS FOR LIABILITIES

(415

)

(1,143

)

NET ASSETS

94,338

62,005

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

94,238

61,905

SHAREHOLDERS' FUNDS

94,338

62,005

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 15 April 2016 and were signed on its behalf by:

I J Carvell - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of two years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

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 1 September 2014

and 31 August 2015

59,204

AMORTISATION

At 1 September 2014

and 31 August 2015

59,204

NET BOOK VALUE

At 31 August 2015

-

At 31 August 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

18,502

Additions

386

At 31 August 2015

18,888

DEPRECIATION

At 1 September 2014

12,786

Charge for year

4,024

At 31 August 2015

16,810

NET BOOK VALUE

At 31 August 2015

2,078

At 31 August 2014

5,716

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 year ended 31 August 2015 and

the period ended 31 August 2014:

2015

2014

£

£

I J Carvell

Balance outstanding at start of year

12,058

1,256

Amounts advanced

2,630

15,163

Amounts repaid

(15,621

)

(4,361

)

Balance outstanding at end of year

(933

)

12,058

Ms DS Ablitt

Balance outstanding at start of year

12,058

-

Amounts advanced

2,630

15,791

Amounts repaid

(15,621

)

(3,733

)

Balance outstanding at end of year

(933

)

12,058