Abbreviated Company Accounts - EVOLUTION CHILDCARE FRANCHISE LTD

EVOLUTION CHILDCARE FRANCHISE LTD - Company Information

08162506 EVOLUTION CHILDCARE FRANCHISE LTD 2015-12-31 false 2015-01-01 2015-12-31 true 08162506 2015-01-01 2015-12-31 08162506 2015-12-31 08162506 2014-12-31 08162506 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 08162506 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:Director3 2015-01-01 2015-12-31 uk-gaap-cd-bus:Director3 2015-12-31 uk-gaap-cd-bus:Director3 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 08162506

EVOLUTION CHILDCARE FRANCHISE LTD

Abbreviated Accounts

31 December 2015

EVOLUTION CHILDCARE FRANCHISE LTD Registered Number 08162506

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	3,750	-
		3,750	-
Current assets
Debtors		1,031,299	5,327
Cash at bank and in hand		126	372
		1,031,425	5,699
Creditors: amounts falling due within one year		(1,293,732)	(147,278)
Net current assets (liabilities)		(262,307)	(141,579)
Total assets less current liabilities		(258,557)	(141,579)
Total net assets (liabilities)		(258,557)	(141,579)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(258,657)	(141,679)
Shareholders' funds		(258,557)	(141,579)

For the year ending 31 December 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 26 September 2016

And signed on their behalf by:
Mrs SJ Jones, Director

EVOLUTION CHILDCARE FRANCHISE LTD Registered Number 08162506

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost accounting rules and in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).

Going concern basis of accounting

At the balance sheet date, the company’s liabilities exceeded its assets. The company has received assurance from the parent company and director that they will continue to give financial support to the company for at least twelve months from the date of signing these financial statements.

On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company’s accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustments to the company’s assets or liabilities that might be necessary should this basis not continue to be appropriate.

Turnover policy
Turnover earned in respect of the granting of a franchise is recognised when substantially all of the goods and services due to the franchisee under the terms of the franchise agreement have been delivered. Continuing fees earned under the terms of the franchise are recognised on an accruals basis.

Tangible assets depreciation policy
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:

Motor vehicle - 25% straight-line on cost

2Tangible fixed assets

	£
Cost
At 1 January 2015	-
Additions	5,000
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	5,000
Depreciation
At 1 January 2015	-
Charge for the year	1,250
On disposals	-
At 31 December 2015	1,250
Net book values
At 31 December 2015	3,750
At 31 December 2014	-

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	Mrs SJ Jones
Description of the transaction:	Amounts owed by associated undertakings
Balance at 1 January 2015:	£ 779
Advances or credits made:	£ 43,649
Advances or credits repaid:	-
Balance at 31 December 2015:	£ 44,428

Included in debtors are the following amounts due from companies in which Mrs SJ Jones is also a director and shareholder:

Care Academy Agency £64
Kickoff Training Ltd £41,785
Kids Academy Nursery Group Ltd £2,579