Fairfield Montessori School Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07326588 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2016

for

Fairfield Montessori School Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs K L Ware

REGISTERED OFFICE:

Maltravers House

Petters Way

Yeovil

Somerset

BA20 1SH

REGISTERED NUMBER:

07326588 (England and Wales)

ACCOUNTANTS:

Monahans

Chartered Accountants

3 Landmark House

Wirral Park Road

Glastonbury

Somerset

BA6 9FR

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

487,817

493,406

487,817

493,406

CURRENT ASSETS

Debtors

883

883

Cash at bank

6,003

4,821

6,886

5,704

CREDITORS

Amounts falling due within one year

116,752

106,286

NET CURRENT LIABILITIES

(109,866

)

(100,582

)

TOTAL ASSETS LESS CURRENT LIABILITIES

377,951

392,824

CREDITORS

Amounts falling due after more than one year

4

344,981

364,681

NET ASSETS

32,970

28,143

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

32,870

28,043

SHAREHOLDERS' FUNDS

32,970

28,143

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

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

The director acknowledges her 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 director on 29 November 2016 and were signed by:

Mrs K L Ware - 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 2010, is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

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

Plant and machinery

-

33% on straight line basis

Fixtures and fittings

-

10% on straight line basis

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 September 2015

and 31 August 2016

50,000

AMORTISATION

At 1 September 2015

and 31 August 2016

50,000

NET BOOK VALUE

At 31 August 2016

-

At 31 August 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

520,889

Additions

340

At 31 August 2016

521,229

DEPRECIATION

At 1 September 2015

27,483

Charge for year

5,929

At 31 August 2016

33,412

NET BOOK VALUE

At 31 August 2016

487,817

At 31 August 2015

493,406

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

2016

2015

£

£

Repayable by instalments

344,981

364,681

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

1

100

100