M.A.R.S Montessori Schools Limited - Period Ending 2016-03-31

Registration number: 04587383

M.A.R.S Montessori Schools Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Sobell Rhodes LLP
Chartered Accountants
Ground Floor
Unit 501 Centennial Park
Centennial Avenue
Elstree, Borehamwood
Hertfordshire
WD6 3FG

M.A.R.S Montessori Schools Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

M.A.R.S Montessori Schools Limited
(Registration number: 04587383)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			342,967			363,770
Current assets
Debtors					2,931			35,378
Cash at bank and in hand					153,285			105,454
					156,216			140,832
Creditors: Amounts falling due within one year		3			(221,455)			(191,817)
Net current liabilities					(65,239)			(50,985)
Total assets less current liabilities					277,728			312,785
Creditors: Amounts falling due after more than one year		3			(87,500)			(102,500)
Provisions for liabilities					(28,813)			-
Net assets					161,415			210,285
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					161,315			210,185
Shareholders' funds					161,415			210,285

For the year ending 31 March 2016 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 director acknowledges his 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 director on 14 December 2016

 P Fraser
 Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

M.A.R.S Montessori Schools Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the provision of services to customers.

Fixed assets
All fixed assets are initially recorded at cost.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	10% reducing balance
Computer equipment	10% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

M.A.R.S Montessori Schools Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		448,654			448,654
Additions		1,416			1,416
At 31 March 2016		450,070			450,070
Depreciation
At 1 April 2015		84,884			84,884
Charge for the year		22,219			22,219
At 31 March 2016		107,103			107,103
Net book value
At 31 March 2016		342,967			342,967
At 31 March 2015		363,770			363,770

3

Creditors

Creditors amounts falling due after more than one year includes the following liabilities, on which security has been given by way of fixed and floating charges over the company's assets:

		2016 £			2015 £
Amounts falling due after more than one year		87,500			102,500

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3