Tree Tots Day Nursery Limited - Period Ending 2017-03-31

Registration number: 09510892

Tree Tots Day Nursery Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2017

Gordon Levy Limited
Chartered Accountants
Arthur House
Chorlton Street
Manchester
M1 3FH

Tree Tots Day Nursery Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Financial Statements	5 to 8

Tree Tots Day Nursery Limited

Company Information

Directors

Helen Jane Partington Annabelle Patricia Ivy Price Andrew Gough

Registered office

86 Willow Avenue Cheadle Hulme SK8 6AX

Accountants

Gordon Levy Limited Chartered Accountants Arthur House Chorlton Street Manchester M1 3FH

Page 1

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Tree Tots Day Nursery Limited
for the Year Ended 31 March 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tree Tots Day Nursery Limited for the year ended 31 March 2017 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Tree Tots Day Nursery Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Tree Tots Day Nursery Limited and state those matters that we have agreed to state to the Board of Directors of Tree Tots Day Nursery Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tree Tots Day Nursery Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Tree Tots Day Nursery Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Tree Tots Day Nursery Limited. You consider that Tree Tots Day Nursery Limited 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 accounts of Tree Tots Day Nursery Limited. 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 accounts.

......................................

Gordon Levy Limited
Chartered Accountants
Arthur House
Chorlton Street
Manchester
M1 3FH

28 December 2017

Page 2

Tree Tots Day Nursery Limited

(Registration number: 09510892)
Balance Sheet as at 31 March 2017

	Note	2017 £	(As restated) 2016 £
Fixed assets
Tangible assets	4	72,853	-
Current assets
Debtors	5	12,349	99
Cash at bank and in hand		2,471	-
		14,820	99
Creditors: Amounts falling due within one year	6	(119,711)	-
Net current (liabilities)/assets		(104,891)	99
Total assets less current liabilities		(32,038)	99
Provisions for liabilities		(1,820)	-
Net (liabilities)/assets		(33,858)	99
Capital and reserves
Called up share capital		99	99
Profit and loss account		(33,957)	-
Total equity		(33,858)	99

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

The notes on pages 5 to 8 form an integral part of these financial statements.

Page 3

Tree Tots Day Nursery Limited

(Registration number: 09510892)
Balance Sheet as at 31 March 2017

Approved and authorised by the Board on 28 December 2017 and signed on its behalf by:
 

.........................................

Helen Jane Partington

Director

The notes on pages 5 to 8 form an integral part of these financial statements.

Page 4

Tree Tots Day Nursery Limited

Notes to the Financial Statements for the Year Ended 31 March 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
86 Willow Avenue
Cheadle Hulme
SK8 6AX
England

These financial statements were authorised for issue by the Board on 28 December 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Prior period errors

Directors made an error in preparing the dormant accounts for last year where the share capital and the current assets were presented at £2 each. However, the issued share capital was £99 which was unpaid,

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	10% straight line
Other property, plant and equipment	20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 5

Tree Tots Day Nursery Limited

Notes to the Financial Statements for the Year Ended 31 March 2017

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2016 - 3).

4	Tangible assets

	Land and buildings £	Other property, plant and equipment  £	Total £
Cost or valuation
Additions	77,473	3,909	81,382
At 31 March 2017	77,473	3,909	81,382
Depreciation
Charge for the year	7,747	782	8,529
At 31 March 2017	7,747	782	8,529
Carrying amount
At 31 March 2017	69,726	3,127	72,853

Included within the net book value of land and buildings above is £69,726 (2016 - £Nil) in respect of leasehold land and buildings, including leasehold improvements.
 

Page 6

Tree Tots Day Nursery Limited

Notes to the Financial Statements for the Year Ended 31 March 2017

5

Debtors

	2017 £	(As restated) 2016 £
Trade debtors	174	-
Other debtors	12,175	99
Total current trade and other debtors	12,349	99

6

Creditors

	Note	2017 £	2016 £
Due within one year
Trade creditors		412	-
Amounts owed to related parties	7	113,309	-
Taxation and social security		2,560	-
Other creditors		3,430	-
		119,711	-

Page 7

Tree Tots Day Nursery Limited

Notes to the Financial Statements for the Year Ended 31 March 2017

7	Related party transactions

Key management personnel

Directors of the company Helen Partington, Annabelle Price and Andrew Gough.

Summary of transactions with key management

Interest free loans from the directors repayable on demand.

 Optional interim relief for small entities with regards to directors' loans provided by section 1.15A of FRS 102 (inserted by May 2017 amendment) has been applied for initial measurement of this loan, and hence the loan is presented at transaction price.
 

Transactions with directors

2017	Other payments made to company by director £	At 31 March 2017 £
Helen Jane Partington
Interest free amount owed by/(to) the director, repayable on demand	(31,739)	(31,739)
Annabelle Patricia Ivy Price
Interest free amount owed by/(to) the director, repayable on demand	(49,103)	(49,103)
Andrew Gough
Interest free amount owed by/(to) the director repayable on demand	(32,467)	(32,467)

2016	At 31 March 2016 £

Directors' remuneration

The directors' remuneration for the year was as follows:

	2017 £	2016 £
Remuneration	1,788	-

Page 8