| Immanuel Childcare Limited |
| Registered number: |
05723427 |
| Balance Sheet |
| as at 28 February 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
1,046,265 |
|
|
621,788 |
|
| Current assets |
| Debtors |
3 |
|
- |
|
|
1,826 |
|
| Creditors: amounts falling due within one year |
4 |
|
(37,767) |
|
|
(34,598) |
|
| Net current liabilities |
|
|
|
(37,767) |
|
|
(32,772) |
|
| Total assets less current liabilities |
|
|
|
1,008,498 |
|
|
589,016 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(763,410) |
|
|
(312,758) |
|
|
|
| Net assets |
|
|
|
245,088 |
|
|
276,258 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Revaluation reserve |
6 |
|
|
236,278 |
|
|
236,278 |
| Profit and loss account |
|
|
|
8,808 |
|
|
39,978 |
|
| Shareholder's funds |
|
|
|
245,088 |
|
|
276,258 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Theodora Adebanjo |
| Director |
| Approved by the board on 30 November 2017 |
|
| Immanuel Childcare Limited |
| Notes to the Accounts |
| for the year ended 28 February 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
100% AIA and 18% Reducing balance |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 March 2016 |
383,722 |
|
52,872 |
|
436,594 |
|
Additions |
420,000 |
|
- |
|
420,000 |
|
Surplus on revaluation |
236,278 |
|
- |
|
236,278 |
|
At 28 February 2017 |
1,040,000 |
|
52,872 |
|
1,092,872 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2016 |
- |
|
45,232 |
|
45,232 |
|
Charge for the year |
- |
|
1,375 |
|
1,375 |
|
At 28 February 2017 |
- |
|
46,607 |
|
46,607 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2017 |
1,040,000 |
|
6,265 |
|
1,046,265 |
|
At 29 February 2016 |
383,722 |
|
7,640 |
|
391,362 |
|
|
| 3 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade debtors |
- |
|
1,826 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Bank loans and overdrafts |
37,767 |
|
16,466 |
|
Trade creditors |
- |
|
1,912 |
|
Taxation and social security costs |
- |
|
16,220 |
|
|
|
|
|
|
37,767 |
|
34,598 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Bank loans |
468,813 |
|
113,813 |
|
Director account |
|
294,597 |
|
198,945 |
|
|
|
|
|
|
763,410 |
|
312,758 |
|
|
|
|
|
|
|
|
|
|
Director account: The Director Theodora Adebanjo will not request payment of the amount owed to her by Immanuel Childcare Ltd until after all it financial commitments have been met and there are surplus fund available. |
|
| 6 |
Revaluation reserve |
2017 |
|
2016 |
| £ |
£ |
|
|
Gain on revaluation of land and buildings |
236,278 |
|
236,278 |
|
|
At 28 February 2017 |
236,278 |
|
236,278 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Immanuel Childcare Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
1 Haling Park Road |
|
South Croydon |
|
Surrey |
|
CR2 6NG |
