Futurepath Childcare Ltd - Abbreviated accounts 16.3

Futurepath Childcare Ltd - Abbreviated accounts 16.3

FUTUREPATH CHILDCARE LTD - Company Information

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REGISTERED NUMBER: 07052955 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

FUTUREPATH CHILDCARE LTD

FUTUREPATH CHILDCARE LTD (REGISTERED NUMBER: 07052955)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

FUTUREPATH CHILDCARE LTD (REGISTERED NUMBER: 07052955)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2016

31.10.16 31.10.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 131,392 139,847

CURRENT ASSETS
Debtors 268,729 155,923
Cash at bank and in hand 41,060 38,819
309,789 194,742
CREDITORS
Amounts falling due within one year 3 255,052 163,445
NET CURRENT ASSETS 54,737 31,297
TOTAL ASSETS LESS CURRENT
LIABILITIES
186,129
171,144

CREDITORS
Amounts falling due after more than one
year
3
(7,000
)
(14,000
)

PROVISIONS FOR LIABILITIES (4,478 ) (6,093 )
NET ASSETS 174,651 151,051

CAPITAL AND RESERVES
Called up share capital 4 1,000 1,000
Profit and loss account 173,651 150,051
SHAREHOLDERS' FUNDS 174,651 151,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 notes form part of these abbreviated accounts

Page 1 continued...
FUTUREPATH CHILDCARE LTD (REGISTERED NUMBER: 07052955)

ABBREVIATED BALANCE SHEET - continued
31 OCTOBER 2016


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 and authorised for issue by the Board of Directors on 28 July 2017
and were signed on its behalf by:





Mrs J K Barnett - Director


The notes form part of these abbreviated accounts

Page 2
FUTUREPATH CHILDCARE LTD (REGISTERED NUMBER: 07052955)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016

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 both fee invoices to parents and local authority contributions, excluding value
added tax. Revenue is recognised in the month in which the service is provided.

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.

Plant and machinery etc - 25% on reducing balance and 2% on cost

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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2015 197,169
Additions 7,000
At 31 October 2016 204,169
DEPRECIATION
At 1 November 2015 57,322
Charge for year 15,455
At 31 October 2016 72,777
NET BOOK VALUE
At 31 October 2016 131,392
At 31 October 2015 139,847

3. CREDITORS

Creditors include an amount of £ 14,000 (31.10.15 - £ 21,860 ) for which security has been given.

Page 3 continued...
FUTUREPATH CHILDCARE LTD (REGISTERED NUMBER: 07052955)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2016

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.16 31.10.15
value: £    £   
1,000 Ordinary £1 1,000 1,000

Page 4