DROITWICH_SPA_NURSERY_AND - Accounts

DROITWICH SPA NURSERY AND KINDERGARTEN LIMITED - Company Information

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Company Registration No. 07431607 (England and Wales)

DROITWICH SPA NURSERY AND KINDERGARTEN LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 NOVEMBER 2013

DROITWICH SPA NURSERY AND KINDERGARTEN LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

DROITWICH SPA NURSERY AND KINDERGARTEN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Intangible assets

522,500

552,500

Tangible assets

16,576

16,034

539,076

568,534

Current assets

Debtors

42,480

9,793

Cash at bank and in hand

10,656

28,508

53,136

38,301

Creditors: amounts falling due within one year

(299,341)

(432,252)

Net current liabilities

(246,205)

(393,951)

Total assets less current liabilities

292,871

174,583

Provisions for liabilities

(1,486)

291,385

173,097

Capital and reserves

Called up share capital

100

Profit and loss account

291,285

172,997

Shareholders' funds

291,385

173,097

For the financial Period ended 30 November 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 12 August 2014

Mr N P Fell

Director

Company Registration No. 07431607

DROITWICH SPA NURSERY AND KINDERGARTEN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 NOVEMBER 2013

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

20% Reducing balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 December 2012

600,000

22,026

622,026

Additions

4,205

At 30 November 2013

600,000

26,231

626,231

Depreciation

At 1 December 2012

47,500

5,992

53,492

Charge for the period

30,000

3,663

33,663

At 30 November 2013

77,500

9,655

87,155

Net book value

At 30 November 2013

522,500

16,576

539,076

At 30 November 2012

552,500

16,034

568,534

DROITWICH SPA NURSERY AND KINDERGARTEN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 NOVEMBER 2013

- 3 -

Share capital

2013

2012

Allotted, called up and fully paid

100 Ordinary of £1 each

100

There are 50 A Ordinary shares and 50 B Ordinary shares in issue. The A and B shares rank pari passu in all respects.