SEASHORE_DAY_NURSERY_LIMI - Accounts

SEASHORE DAY NURSERY LIMITED - Company Information

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Company Registration No. 04299678 (England and Wales)

SEASHORE DAY NURSERY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2015

LB GROUP

82 East Hill

Colchester

Essex

CO1 2QW

SEASHORE DAY NURSERY LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

SEASHORE DAY NURSERY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

10,164

13,209

Current assets

Stocks

900

880

Debtors

18,996

8,615

Cash at bank and in hand

12,976

1,811

32,872

11,306

Creditors: amounts falling due within one year

(102,002)

(67,052)

Net current liabilities

(69,130)

(55,746)

Total assets less current liabilities

(58,966)

(42,537)

Creditors: amounts falling due after more than one year

(1,347)

Provisions for liabilities

(1,870)

(60,836)

(45,754)

Capital and reserves

Called up share capital

Profit and loss account

(60,838)

(45,756)

Shareholders' funds

(60,836)

(45,754)

SEASHORE DAY NURSERY LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 OCTOBER 2015

- 2 -

For the financial year ended 31 October 2015 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 year 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 27 July 2016

Mr D Finch

Director

Company Registration No. 04299678

SEASHORE DAY NURSERY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

- 3 -

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 invoiced in the year.invoiced in the year.

1.4

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:

Plant and machinery

20% reducing balance

Fixtures, fittings & equipment

15% straight line & 15% reducing balance

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.8

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.9

Grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

SEASHORE DAY NURSERY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2015

- 4 -

Fixed assets

Tangible assets

Cost

At 1 November 2014

73,060

Additions

688

At 31 October 2015

73,748

Depreciation

At 1 November 2014

59,851

Charge for the year

3,733

At 31 October 2015

63,584

Net book value

At 31 October 2015

10,164

At 31 October 2014

13,209

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary shares of £1 each