ON_TRACK_EDUCATION_SERVIC - Accounts

ON TRACK EDUCATION SERVICES LIMITED - Company Information

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Company Registration No. 05363653 (England and Wales)

ON TRACK EDUCATION SERVICES LIMITED

LIMITED BY GUARANTEE

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2015

ON TRACK EDUCATION SERVICES LIMITED

LIMITED BY GUARANTEE

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

ON TRACK EDUCATION SERVICES LIMITED

LIMITED BY GUARANTEE

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

324,945

281,665

Current assets

Debtors

194,263

49,435

Cash at bank and in hand

1,110,352

641,211

1,304,615

690,646

Creditors: amounts falling due within one year

(640,191)

(195,137)

Net current assets

664,424

495,509

Total assets less current liabilities

989,369

777,174

Creditors: amounts falling due after more than one year

(80,028)

Provisions for liabilities

(19,260)

(15,187)

970,109

681,959

Capital and reserves

Profit and loss account

970,109

681,959

Shareholders' funds

970,109

681,959

ON TRACK EDUCATION SERVICES LIMITED

LIMITED BY GUARANTEE

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2015

- 2 -

For the financial Period ended 31 December 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 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 27 September 2016

Mrs J A Grayson

Director

Company Registration No. 05363653

ON TRACK EDUCATION SERVICES LIMITED

LIMITED BY GUARANTEE

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 DECEMBER 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 education services.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land 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:

Land and buildings Freehold

straight line over 50 years

Land and buildings Leasehold

straight line over the term of the lease

Plant and machinery

10% reducing balance

Computer equipment

Straight line over 3 years

Fixtures, fittings & equipment

25% reducing balance

Motor vehicles

25% reducing balance

Fixed assets

Tangible assets

Cost

At 1 September 2014

552,709

Additions

151,416

Disposals

(10,494)

At 31 December 2015

693,631

Depreciation

At 1 September 2014

271,043

On disposals

(5,891)

Charge for the period

103,534

At 31 December 2015

368,686

Net book value

At 31 December 2015

324,945

At 31 August 2014

281,665

ON TRACK EDUCATION SERVICES LIMITED

LIMITED BY GUARANTEE

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2015

- 4 -

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £5,618).

Creditors: amounts falling due after more than one year

2015

2014

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

55,249

The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £80,028).