Abbreviated Company Accounts - CHUDLEIGH KNIGHTON PRE-SCHOOL LIMITED

CHUDLEIGH KNIGHTON PRE-SCHOOL LIMITED - Company Information

Registered Number 07162177

CHUDLEIGH KNIGHTON PRE-SCHOOL LIMITED

Abbreviated Accounts

31 August 2015

CHUDLEIGH KNIGHTON PRE-SCHOOL LIMITED Registered Number 07162177

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	3	181	280
		181	280
Current assets
Debtors		1,011	1,040
Cash at bank and in hand		41,661	38,315
		42,672	39,355
Creditors: amounts falling due within one year		(2,560)	(240)
Net current assets (liabilities)		40,112	39,115
Total assets less current liabilities		40,293	39,395
Provisions for liabilities		(1,644)	-
Total net assets (liabilities)		38,649	39,395
Reserves
Other reserves		16,192	13,041
Income and expenditure account		22,457	26,354
Members' funds		38,649	39,395

For the year ending 31 August 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 19 January 2016

And signed on their behalf by:
Sally Lacey, Director

CHUDLEIGH KNIGHTON PRE-SCHOOL LIMITED Registered Number 07162177

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared in accordance with applicable accounting standards and under the historical cost accounting rules.
Under FRS 1 the Company is exempt from the requirement to prepare a cash flow statement on the grounds of its size.

Turnover policy
Turnover is recognised only when the Pre-School has met the associated performance conditions.

Tangible assets depreciation policy
Depreciation is provided to write off the cost less the estimated residual value of tangible fixed assets by equal instalments over the shorter of their estimated useful economic lives, or the remaining lease period, as follows:
Computer equipment - 3 years

Other accounting policies
Taxation: The company is a registered charity, and as such is entitled to certain tax exemptions on income and profits from investments, and surpluses on any trading activities carried on in furtherance of the company’s primary objectives, if these profits and surpluses are applied solely for charitable purposes.
Leases: The rent for the lease of the building, being an operating lease, is charged to the income and expenditure account on a straight line basis over the period of the lease.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 September 2014	297
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	297
Depreciation
At 1 September 2014	17
Charge for the year	99
On disposals	-
At 31 August 2015	116
Net book values
At 31 August 2015	181
At 31 August 2014	280