First Steps Childrens Nursery(Rathvilly) - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06883358 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 January 2014

for

First Steps Childrens Nursery

(Rathvilly) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr A M Gould

Mrs D R Gould

SECRETARY:

Mr A M Gould

REGISTERED OFFICE:

2nd Floor, Grove House

774-780 Wilmslow Road

Didsbury

Manchester

Greater Manchester

M20 2DR

REGISTERED NUMBER:

06883358 (England and Wales)

ACCOUNTANTS:

Sterling Partners Limited

Chartered Accountants

Chartered Tax Advisors

2nd Floor, Grove House

774-780 Wilmslow Road

Didsbury

Manchester

Greater Manchester

M20 2DR

FIXED ASSETS

Tangible assets

2

728,065

747,515

CURRENT ASSETS

Stocks

1,660

1,660

Debtors

37,997

18,998

Cash at bank and in hand

6,979

25,006

46,636

45,664

CREDITORS

Amounts falling due within one year

44,904

140,961

NET CURRENT ASSETS/(LIABILITIES)

1,732

(95,297

)

TOTAL ASSETS LESS CURRENT LIABILITIES

729,797

652,218

CREDITORS

Amounts falling due after more than one year

3

(557,066

)

(516,268

)

PROVISIONS FOR LIABILITIES

(17,110

)

(24,577

)

NET ASSETS

155,621

111,373

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

155,521

111,273

SHAREHOLDERS' FUNDS

155,621

111,373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 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 31 October 2014 and were signed on its behalf by:

Mr A M Gould - 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 April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Improvements to property

-

15% on cost

Plant and machinery

-

50% on cost and 20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2013

841,987

Additions

7,468

At 31 January 2014

849,455

DEPRECIATION

At 1 February 2013

94,472

Charge for year

26,918

At 31 January 2014

121,390

NET BOOK VALUE

At 31 January 2014

728,065

At 31 January 2013

747,515

3.

CREDITORS

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

2014

2013

£

£

Repayable by instalments

-

474,521

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Fully Paid

£1

100

100

5.	ULTIMATE PARENT COMPANY

First Steps Children's Nursery (Group) Ltd is regarded by the directors as being the company's ultimate parent

company.

6.	LOCAL GOVERNMENT GRANT

The company secured and received capital grants of £71,214 from Birmingham local authority in the financial

year ended 31/01/2011. Due to the capital nature and the commencement of the work, the full amount was

allocated to deferred income and is credited to the profit and loss account over its expected useful life. This is

over 5 years for equipment and 15 years for property refurbishment.