ABC Day Nursery (Cullompton) Limited - Abbreviated accounts

ABC DAY NURSERY (CULLOMPTON) LIMITED - Company Information

Registered number

07569759

ABC Day Nursery (Cullompton) Limited

Abbreviated Accounts

31 March 2016

ABC Day Nursery (Cullompton) Limited
Registered number:		07569759
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Intangible assets	2		46,500			55,500
Tangible assets	3		139,310			30,587
			185,810			86,087

Current assets
Cash at bank and in hand		3,122			2,069

Creditors: amounts falling due within one year		(73,209)			(14,023)

Net current liabilities			(70,087)			(11,954)

Total assets less current liabilities			115,723			74,133

Creditors: amounts falling due after more than one year			(104,449)			(60,000)



Net assets			11,274			14,133

Capital and reserves
Called up share capital	5		100			100
Profit and loss account			11,174			14,033

Shareholders' funds			11,274			14,133

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



P Proffitt
Director
Approved by the board on 28 November 2016

ABC Day Nursery (Cullompton) Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Freehold investment property			Nil
	Plant and machinery			20% reducing balance

	Investment property
	In accordance with requirements of the Financial Reporting Standard for Smaller Entities (effective January 2015), investment property owned by the company are stated at their open market value at the balance sheet date and any aggregate surplus or deficit is transferred to the revaluation reserve. The investment property is not subject to periodic charges for depreciation. The Companies Act 2006 would normally require such assets to be depreciated over their useful economic life. However, in the opinion of the directors this would not show a true and fair view of the value of the asset at the balance sheet date. If this departure from the Act had not been made, the profit for the financial year would have been reduced by depreciation on the property concerned.


2	Intangible fixed assets					£

	Cost
	At 1 April 2015					90,000
	At 31 March 2016					90,000

	Amortisation
	At 1 April 2015					34,500
	Provided during the year					9,000
	At 31 March 2016					43,500

	Net book value
	At 31 March 2016					46,500
	At 31 March 2015					55,500


3	Tangible fixed assets					£

	Cost
	At 1 April 2015					33,563
	Additions					109,533
	At 31 March 2016					143,096

	Depreciation
	At 1 April 2015					2,976
	Charge for the year					810
	At 31 March 2016					3,786

	Net book value
	At 31 March 2016					139,310
	At 31 March 2015					30,587


4	Loans					2016		2015
£							£
	Creditors include:
	Secured bank loans					104,449		-


5	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100