Daffodil Day Nurseries Limited - Period Ending 2016-03-31

Registration number: 04157914

Daffodil Day Nurseries Limited

Unaudited Abbreviated Accounts

FOR THE Year Ended 31 March 2016
 

Daffodil Day Nurseries Limited
Contents

			Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Daffodil Day Nurseries Limited
(Registration number: 04157914)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					128,959			118,486
Current assets
Debtors					18,674			45,984
Cash at bank and in hand					58,084			21,808
					76,758			67,792
Creditors: Amounts falling due within one year					(15,522)			(15,150)
Net current assets					61,236			52,642
Total assets less current liabilities					190,195			171,128
Provisions for liabilities					(9,902)			(7,036)
Net assets					180,293			164,092
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					180,291			164,090
Shareholders' funds					180,293			164,092

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 directors acknowledge their 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

Approved by the director on 29 December 2016

.........................................
J M R Sail
Director

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

Daffodil Day Nurseries 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 sale of goods and services to customers.

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
Freehold land and buildings	4% straight line
Fixtures and fittings	25% reducing balance and 25% straight line
Office equipment	25% reducing balance and 25% straight line

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.

Page 2

Daffodil Day Nurseries 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		216,976			216,976
Additions		23,656			23,656
At 31 March 2016		240,632			240,632
Depreciation
At 1 April 2015		98,490			98,490
Charge for the year		13,183			13,183
At 31 March 2016		111,673			111,673
Net book value
At 31 March 2016		128,959			128,959
At 31 March 2015		118,486			118,486

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

4	Related party transactions

Director's advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
J M R Sail
	10,000	-	4,217	-

Page 3