Aristo Tots Nursery School (LB) Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08905501 (England and Wales)

Unaudited Financial Statements

For The Year Ended

31 December 2016

for

ARISTO TOTS NURSERY SCHOOL (LB) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

5

DIRECTORS:

Miss A J Massey

P A Atherton

REGISTERED OFFICE:

8 Eastway

Sale

Cheshire

M33 4DX

REGISTERED NUMBER:

08905501 (England and Wales)

ACCOUNTANTS:

Leavitt Walmsley Associates Limited

Chartered Certified Accountants

8 Eastway

Sale

Cheshire

M33 4DX

FIXED ASSETS

Tangible assets

4

147,724

159,335

CURRENT ASSETS

Debtors

5

25,130

71,713

Cash at bank

49,447

20,530

74,577

92,243

CREDITORS

Amounts falling due within one year

6

258,574

322,329

NET CURRENT LIABILITIES

(183,997

)

(230,086

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(36,273

)

(70,751

)

PROVISIONS FOR LIABILITIES

8,717

9,251

NET LIABILITIES

(44,990

)

(80,002

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(45,190

)

(80,202

)

SHAREHOLDERS' FUNDS

(44,990

)

(80,002

)

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 29 September 2017 and were signed on its behalf by:

Miss A J Massey - Director

1.	STATUTORY INFORMATION

Aristo Tots Nursery School (LB) Ltd is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

The company's policy of revenue recognition is to recognise a sale when the contractual obligations to the

customer have been fulfilled. For contracts where obligations to the customer have not been fulfilled, but have

been invoiced the sale is recognised within deferred income in current liabilities until such time a right to

consideration arises.

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

-

Straight line over 20 years

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

The company carries tangible fixed assets in the balance sheet using the depreciated historic cost method.

Carrying amounts of fixed assets in the company's balance sheet are shown net of depreciation charges and,

where applicable, provisions for impairment. Residual values of fixed assets are calculated on prices prevailing

at the balance sheet date. Profits or losses on the disposal of fixed assets are included in the calculation of

profit for the period.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except

to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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. Deferred tax is calculated using the timing difference plus approach.

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.

Financial instruments

Financial Instruments are classified and accounted for according to the substance of the transaction as either a

financial asset, liability or equity instrument. An equity instrument is any contract that evidences a residual

interest in the assets of the company after all liabilities have been deducted.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2015 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2016

158,593

20,263

6,175

654

185,685

Additions

3,000

-

341

-

3,341

At 31 December 2016

161,593

20,263

6,516

654

189,026

DEPRECIATION

At 1 January 2016

13,474

10,404

2,036

436

26,350

Charge for year

8,229

5,202

1,303

218

14,952

At 31 December 2016

21,703

15,606

3,339

654

41,302

NET BOOK VALUE

At 31 December 2016

139,890

4,657

3,177

-

147,724

At 31 December 2015

145,119

9,859

4,139

218

159,335

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

2,647

3,719

Other debtors

19,250

18,200

Directors' current accounts

3,233

45,000

Prepayments

-

4,794

25,130

71,713

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

14,105

11,194

Tax

1,050

-

Social security and other taxes

1,429

1,485

Other creditors

238,930

308,138

Accrued expenses

3,060

1,512

258,574

322,329

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made advances to the director of £3,233 and received credits of £45,000 from the

director. The rate of interest charged on these advances was 0% and there were no terms attached to the

advances. At 31 December 2016 the director was indebted to the company in the sum of £2,233 (2015 the

director was indebted to the company (£45,000)).

8.	GOING CONCERN

As at 31/12/16, the company made a profit of £33,962 (2015 loss of £36,438) and had net liabilities of £ (46,040

(2015: £80,202). The company’s management accounts for the succeeding financial year indicate that the

company has remained profitability as the company continues to have an increase in demand for its

goods/services and this level of activity is expected to continue. The director considers that the company is a

going concern for at least 12 months from the date the financial statements are issued and on this basis, the

financial statements have been prepared on a going concern basis.

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Aristo Tots Nursery School (LB) Ltd for the year ended 31 December 2016 which comprise the

Profit and loss account, Balance Sheet, and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Aristo Tots Nursery School (LB) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aristo Tots Nursery School (LB) Ltd and state those matters that we have agreed to state to the Board of Directors of Aristo Tots Nursery School (LB) Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Aristo Tots Nursery School (LB) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Aristo Tots Nursery School (LB) Ltd. You consider that Aristo Tots Nursery School (LB) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Aristo Tots Nursery School (LB) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Leavitt Walmsley Associates Limited

Chartered Certified Accountants

8 Eastway

Sale

Cheshire

M33 4DX

Date: .............................................