The Charterland Academy Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07837642 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

FOR

THE CHARTERLAND ACADEMY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Miss D S Ablitt

I J Carvell

SECRETARY:

REGISTERED OFFICE:

I Can Day Nurseries

Kingland Avenue

Chapelfields

Coventry

Warwickshire

CV5 8EB

REGISTERED NUMBER:

07837642 (England and Wales)

ACCOUNTANTS:

Crombies Accountants Limited

Chartered Accountants

34 Waterloo Road

Wolverhampton

West Midlands

WV1 4DG

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

1,103

2,078

1,103

2,078

CURRENT ASSETS

Debtors

27,878

122,404

Cash at bank and in hand

111,913

52,486

139,791

174,890

CREDITORS

Amounts falling due within one year

56,102

81,181

NET CURRENT ASSETS

83,689

93,709

TOTAL ASSETS LESS CURRENT
LIABILITIES

84,792

95,787

CREDITORS

Amounts falling due after more than one
year

2,282

(1,034

)

PROVISIONS FOR LIABILITIES

(415

)

(415

)

NET ASSETS

86,659

94,338

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

86,559

94,238

SHAREHOLDERS' FUNDS

86,659

94,338

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 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 30 May 2017 and were signed on its behalf by:

I J Carvell - 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 0, is being amortised evenly over its estimated useful life of nil years.

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.

Deferred tax

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

sheet date.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

59,204

AMORTISATION

At 1 September 2015

and 31 August 2016

59,204

NET BOOK VALUE

At 31 August 2016

-

At 31 August 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

18,888

Additions

796

At 31 August 2016

19,684

DEPRECIATION

At 1 September 2015

16,810

Charge for year

1,771

At 31 August 2016

18,581

NET BOOK VALUE

At 31 August 2016

1,103

At 31 August 2015

2,078

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100