Abbreviated Company Accounts - DRAGONFLIES OUT OF SCHOOL PLAYCARE LIMITED

DRAGONFLIES OUT OF SCHOOL PLAYCARE LIMITED - Company Information

Registered Number 08102514

DRAGONFLIES OUT OF SCHOOL PLAYCARE LIMITED

Abbreviated Accounts

31 August 2015

DRAGONFLIES OUT OF SCHOOL PLAYCARE LIMITED Registered Number 08102514

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	3	659	190
		659	190
Current assets
Debtors		-	1,048
Cash at bank and in hand		41,703	35,132
		41,703	36,180
Creditors: amounts falling due within one year		(10,281)	(600)
Net current assets (liabilities)		31,422	35,580
Total assets less current liabilities		32,081	35,770
Total net assets (liabilities)		32,081	35,770
Reserves
Other reserves		32,366	32,366
Income and expenditure account		(285)	3,404
Members' funds		32,081	35,770

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 27 May 2016

And signed on their behalf by:
Judith Sartor, Director
Katherine Watkins, Director

DRAGONFLIES OUT OF SCHOOL PLAYCARE LIMITED Registered Number 08102514

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 under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant & Machinery - 25% reducing balance

Other accounting policies
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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

3Tangible fixed assets

	£
Cost
At 1 September 2014	339
Additions	689
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	1,028
Depreciation
At 1 September 2014	149
Charge for the year	220
On disposals	-
At 31 August 2015	369
Net book values
At 31 August 2015	659
At 31 August 2014	190