Northumbrian Trust Day Nurseries Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03162423

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Northumbrian Trust Day Nurseries Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

J P Gould

E Gould

J J Gould

T Gould

SECRETARY:

J P Gould

REGISTERED OFFICE:

301 Chillingham Road

Heaton

Newcastle upon Tyne

NE6 5SB

REGISTERED NUMBER:

03162423

FIXED ASSETS

Intangible assets

5

32,336

39,961

Tangible assets

6

1,431,540

1,436,631

1,463,876

1,476,592

CURRENT ASSETS

Debtors

7

49,836

38,683

Cash at bank and in hand

10,209

13,109

60,045

51,792

CREDITORS

Amounts falling due within one year

8

86,394

117,411

NET CURRENT LIABILITIES

(26,349

)

(65,619

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,437,527

1,410,973

CREDITORS

Amounts falling due after more than one year

9

(187,029

)

(168,398

)

PROVISIONS FOR LIABILITIES

12

(174,029

)

(175,610

)

NET ASSETS

1,076,469

1,066,965

CAPITAL AND RESERVES

Called up share capital

30,000

30,000

Retained earnings

1,046,469

1,036,965

SHAREHOLDERS' FUNDS

1,076,469

1,066,965

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 August 2017 and were signed on its behalf by:

J P Gould - Director

1.	STATUTORY INFORMATION

Northumbrian Trust Day Nurseries Ltd is a private company, limited by shares, registered in

England and Wales. The company's registration number is 03162423 and registered office address

is 301 Chillingham Road, Heaton, Newcastle upon Tyne, NE6 5SB.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

These financial statements are prepared in sterling, which the functioning currency of the

company. Monetary amounts in the financial statements are rounded to the nearest £.

Turnover

Turnover represents invoiced Nursery Fee income.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Tangible assets are initially measured at cost ans subsequently stated at cost less accumulated

depreciation and impairment losses.

Financial instruments

Financial instruments are classified and accounted for according to th substance of the contractual

agreement, as either financial assets, financial liabilities or equity instruments. An equity

instrument is any contract that evidences a residual interest in the assets of the company after

deducting all of it's liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive income

or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight line basis. The

aggregate benefit of lease incentives is recognised as reduction to expense ove the lease term on

a straight line basis.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 68 (2015 - 67 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2016

and 31 December 2016

162,499

AMORTISATION

At 1 January 2016

122,538

Charge for year

7,625

At 31 December 2016

130,163

NET BOOK VALUE

At 31 December 2016

32,336

At 31 December 2015

39,961

6.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2016

1,473,796

474,217

1,948,013

Additions

-

11,994

11,994

Disposals

-

(8,807

)

(8,807

)

At 31 December 2016

1,473,796

477,404

1,951,200

DEPRECIATION

At 1 January 2016

83,795

427,587

511,382

Charge for year

-

15,082

15,082

Eliminated on disposal

-

(6,804

)

(6,804

)

At 31 December 2016

83,795

435,865

519,660

NET BOOK VALUE

At 31 December 2016

1,390,001

41,539

1,431,540

At 31 December 2015

1,390,001

46,630

1,436,631

Cost or valuation at 31 December 2016 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2013

732,976

472,579

1,205,555

Valuation in 2014

740,820

1,638

742,458

Valuation in 2016

-

3,187

3,187

1,473,796

477,404

1,951,200

The company's freehold properties were revalued to the amount of £1,390,000 by the directors as

at 31 December 2014. The directors consider these valuations accurately reflect the open market

value of the properties.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

4,724

-

Other debtors

45,112

38,683

49,836

38,683

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Hire purchase contracts (see note 10)

5,854

2,806

Trade creditors

20,333

14,693

Taxation and social security

16,162

31,795

Other creditors

44,045

68,117

86,394

117,411

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Hire purchase contracts (see note 10)

7,439

4,941

Other creditors

179,590

163,457

187,029

168,398

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.12.16

31.12.15

£

£

Net obligations repayable:

Within one year

5,854

2,806

Between one and five years

7,439

4,941

13,293

7,747

Non-cancellable

operating leases

31.12.16

31.12.15

£

£

Within one year

18,624

18,624

Between one and five years

74,496

74,496

In more than five years

257,280

369,024

350,400

462,144

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.16

31.12.15

£

£

Hire purchase contracts

13,293

7,747

12.	PROVISIONS FOR LIABILITIES

Deferred tax is calculated is calculated on the value of the Nursery properties.

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 December 2016 and 31 December 2015:

31.12.16

31.12.15

£

£

J P Gould

Balance outstanding at start of year

26,210

64,419

Amounts advanced

33,735

30,624

Amounts repaid

(26,813

)

(68,833

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

33,132

26,210