Red Wellies Childcare Limited - Period Ending 2016-08-31

Registration number: 08247171

Red Wellies Childcare Limited

Unaudited Abbreviated Accounts
 
for the Year Ended 31 August 2016

Alextra Group Ltd
Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

Red Wellies Childcare Limited

Contents

Abbreviated Balance Sheet	1
Notes to the Abbreviated Accounts	2 to 3

Red Wellies Childcare Limited

(Registration number: 08247171)
Abbreviated Balance Sheet as at 31 August 2016

	Note	2016  £	2015  £
Fixed assets
Tangible assets	2	8,845	9,273
Current assets
Debtors		16,470	11,030
Cash at bank and in hand		3,436	13,545
		19,906	24,575
Prepayments and accrued income		1,500	-
Creditors: Amounts falling due within one year		(28,238)	(51,517)
Net current liabilities		(6,832)	(26,942)
Total assets less current liabilities		2,013	(17,669)
Creditors: Amounts falling due after more than one year		(40,114)	(12,127)
Provisions for liabilities		(4,381)	(37,348)
Accruals and deferred income		(2,600)	(2,500)
Net liabilities		(45,082)	(69,644)
Capital and reserves
Called up share capital	3	3	3
Profit and loss account		(45,085)	(69,647)
Shareholders deficit		(45,082)	(69,644)

For the year ending 31 August 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.

Approved by the Board on 31 May 2017 and signed on its behalf by:

.........................................
Mr R Stainsby
Director

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

Red Wellies Childcare Limited

Notes to the Abbreviated Accounts

1	Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (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
Fixtures and fittings	25% on reducing balance

Provisions

A provision is recognised when there is a legal or constructive obligation as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation.

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 September 2015	12,272	12,272
Additions	2,521	2,521
At 31 August 2016	14,793	14,793
Depreciation
At 1 September 2015	2,999	2,999
Charge for the year	2,949	2,949
At 31 August 2016	5,948	5,948
Net book value
At 31 August 2016	8,845	8,845
At 31 August 2015	9,273	9,273

Page 2

Red Wellies Childcare Limited

Notes to the Abbreviated Accounts

3	Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary of £1 each	3	3	3	3

4

Control

The directors are the controlling party by virtue of their controlling shareholding in the company.

Page 3