CARE_ACADEMY_AGENCY - Accounts

The director of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

Care Academy Agency is a private company limited by guarantee incorporated in England and Wales. The registered office is Grimsditch House, Grimsditch Lane, Lower Whitley, Warrington, WA4 4ED.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Income and expenses are included in the financial statements as they become receivable or due.

Expenses include VAT where applicable as the company cannot reclaim it.

The company has obtained exemption from the Revenue Commissioners in respect of corporation tax, it being a company not carrying on a business for the purposes of making a profit. DIRT tax is payable on any interest income received in excess of £32.

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

Included in debtors are the following amounts owed by companies in which Mrs S Jones is a director and shareholder:

Kids Academy Nursery Group Ltd    £15,288

The Willows Nursery School Ltd    £36,860

Evolution Care Property Ltd    £6,570

Evolution Adultcare Property Ltd    £5,748

The Stables Nursery School Ltd    £3,644

Included in creditors are the following amounts owed to companies in which Mrs S Jones is a also a director and shareholder:

Kalgarth Grange Nursery School Ltd    £9,471

Care Academy Hartford Ltd        £10,493

Evolution Childcare Franchise Ltd        £8,512

The Abbey Nursery Ltd            £16