Abbreviated Company Accounts - GREENHILLS NURSERY LIMITED

GREENHILLS NURSERY LIMITED - Company Information

Registered Number 03238249

GREENHILLS NURSERY LIMITED

Abbreviated Accounts

30 September 2015

GREENHILLS NURSERY LIMITED Registered Number 03238249

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	10,001	12,501
		10,001	12,501
Current assets
Stocks		250,000	250,000
Debtors		13,615	20,006
Cash at bank and in hand		12,484	10,033
		276,099	280,039
Creditors: amounts falling due within one year		(45,839)	(49,151)
Net current assets (liabilities)		230,260	230,888
Total assets less current liabilities		240,261	243,389
Total net assets (liabilities)		240,261	243,389
Capital and reserves
Called up share capital		275,100	275,100
Profit and loss account		(34,839)	(31,711)
Shareholders' funds		240,261	243,389

For the year ending 30 September 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 29 May 2016

And signed on their behalf by:
Mr JB Kruijer, Director

GREENHILLS NURSERY LIMITED Registered Number 03238249

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value , over their expected useful lives on the following basis:
Plant and Machinery - 15% straight line per annum.

Intangible assets amortisation policy
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and Loss Account over its estimated economic life.
Amortisation is provided at the following rates:
Goodwill - 5% straight line per annum.

Other accounting policies
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2Intangible fixed assets

	£
Cost
At 1 October 2014	50,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	50,000
Amortisation
At 1 October 2014	37,499
Charge for the year	2,500
On disposals	-
At 30 September 2015	39,999
Net book values
At 30 September 2015	10,001
At 30 September 2014	12,501