Towcester Tots Day Nursery Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05637755

Abbreviated Accounts for the Year Ended 31 March 2016

for

Towcester Tots Day Nursery Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

J D Preece

Mrs M Preece

REGISTERED OFFICE:

2 Watling Street East

Towcester

Northamptonshire

NN12 6AF

REGISTERED NUMBER:

05637755

ACCOUNTANTS:

CED Accountancy Services Limited

1 Lucas Bridge Business Park

1 Old Greens Norton Road

Towcester

Northamptonshire

NN12 8AX

FIXED ASSETS

Intangible assets

2

38,492

41,592

Tangible assets

3

6,917

6,800

45,409

48,392

CURRENT ASSETS

Debtors

33,328

36,185

Cash at bank

20,458

24,680

53,786

60,865

CREDITORS

Amounts falling due within one year

32,702

31,541

NET CURRENT ASSETS

21,084

29,324

TOTAL ASSETS LESS CURRENT
LIABILITIES

66,493

77,716

PROVISIONS FOR LIABILITIES

1,346

1,314

NET ASSETS

65,147

76,402

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

65,145

76,400

SHAREHOLDERS' FUNDS

65,147

76,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 14 November 2016 and were signed on its behalf
by:

Mrs M Preece - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

62,000

AMORTISATION

At 1 April 2015

20,408

Amortisation for year

3,100

At 31 March 2016

23,508

NET BOOK VALUE

At 31 March 2016

38,492

At 31 March 2015

41,592

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

22,225

Additions

4,483

At 31 March 2016

26,708

DEPRECIATION

At 1 April 2015

15,425

Charge for year

4,366

At 31 March 2016

19,791

NET BOOK VALUE

At 31 March 2016

6,917

At 31 March 2015

6,800

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

2

Ordinary

£1

2

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Towcester Tots Day Nursery Limited for the year ended 31 March 2016 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Towcester Tots Day Nursery Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Towcester Tots Day Nursery Limited and state those matters that we have agreed to state to the Board of Directors of Towcester Tots Day Nursery Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Towcester Tots Day Nursery Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Towcester Tots Day Nursery Limited. You consider that Towcester Tots Day Nursery Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Towcester Tots Day Nursery Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

CED Accountancy Services Limited

1 Lucas Bridge Business Park

1 Old Greens Norton Road

Towcester

Northamptonshire

NN12 8AX

14 November 2016