Woodlands Nursery (Derby) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02955645 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2016

for

Woodlands Nursery (Derby) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

T J V Pratt

Mrs S D Pratt

SECRETARY:

T J V Pratt

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

REGISTERED NUMBER:

02955645 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Intangible assets

2

150,000

187,500

Tangible assets

3

84,066

26,122

234,066

213,622

CURRENT ASSETS

Debtors

219,080

249,792

Cash at bank

-

9,653

219,080

259,445

CREDITORS

Amounts falling due within one year

4

80,077

60,745

NET CURRENT ASSETS

139,003

198,700

TOTAL ASSETS LESS CURRENT
LIABILITIES

373,069

412,322

CREDITORS

Amounts falling due after more than one
year

4

54,257

2,755

NET ASSETS

318,812

409,567

CAPITAL AND RESERVES

Called up share capital

5

2

Profit and loss account

318,810

409,565

SHAREHOLDERS' FUNDS

318,812

409,567

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 19 December 2016 and were signed on
its behalf by:

Mrs S D Pratt - 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 sales of services provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being

amortised over its estimated remaining useful life of 5 years from 1 April 2015.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all material timing differences.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

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

250,000

AMORTISATION

At 1 April 2015

62,500

Amortisation for year

37,500

At 31 March 2016

100,000

NET BOOK VALUE

At 31 March 2016

150,000

At 31 March 2015

187,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

63,988

Additions

79,177

Disposals

(23,632

)

At 31 March 2016

119,533

DEPRECIATION

At 1 April 2015

37,866

Charge for year

15,832

Eliminated on disposal

(18,231

)

At 31 March 2016

35,467

NET BOOK VALUE

At 31 March 2016

84,066

At 31 March 2015

26,122

4.

CREDITORS

Creditors include an amount of £ 96,000 (2015 - £ 5,298 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2