Natures Nursery (Royton) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05478677 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016

FOR

NATURES NURSERY (ROYTON) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

6

DIRECTOR:

Mrs Z Kenworthy

REGISTERED OFFICE:

C/O Cox Costello & Horne

4th & 5th Floor

14-15 Lower Grosvenor Place

London

SW1W 0EX

REGISTERED NUMBER:

05478677 (England and Wales)

ACCOUNTANTS:

Cox Costello & Horne

Chartered Accountants and Tax Advisors

4th & 5th Floor

14-15 Lower Grosvenor Place

London

SW1W 0EX

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

3,078

3,622

3,078

3,622

CURRENT ASSETS

Debtors

52,234

184,554

Cash at bank and in hand

3,273

10,425

55,507

194,979

CREDITORS

Amounts falling due within one year

8,875

138,747

NET CURRENT ASSETS

46,632

56,232

TOTAL ASSETS LESS CURRENT
LIABILITIES

49,710

59,854

PROVISIONS FOR LIABILITIES

398

-

NET ASSETS

49,312

59,854

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

49,310

59,852

SHAREHOLDERS' FUNDS

49,312

59,854

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 6 December 2017 and were signed by:

Mrs Z Kenworthy - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Going concern

The company meets its day-to-day working capital requirements through its bank facility and support from the

parent company. The company's forecasts and projections, taking account of reasonably possible changes in

trading performance, show that the company should be able to operate within the level of its current facilities.

After making enquiries, the director has a reasonable expectation that the company has adequate resources to

continue in operational existence for the foreseeable future. The company therefore continues to adopt the going

concern basis in preparing its financial statements.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents sales to external customers at invoiced amounts. Revenue is recognised upon

performance of underlying childcare services based on attendance.

Turnover is wholly derived within the United Kingdom.

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business and the company's share of

the net identifiable assets and liabilities of the acquired business at the date of acquisition.

Subsequent to initial recognition, goodwill is carried at cost less accumulated amortisation and accumulated

impairment losses. Goodwill amortisation is calculated by applying the straight-line method to its estimated

useful life which the directors have assessed to be 10 years.

The need for any impairment write-down is assessed by comparison of the carrying value of the asset against

the higher of realisable value and value in use. An impairment loss is recognised where the carrying value

exceeds the recoverable amount.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated

impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the

location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted retrospectively if

appropriate, if there is an indication of a significant change since the reporting date.

The need for any impairment write-down is assessed by comparison of the carrying value of the asset against

the higher of realisable value and value in use.

Deferred tax

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

the balance sheet date.

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs

The company acts as agent, for certain employees, in collecting and paying over employee pension

contributions. Once the contributions have been paid, the company as employer has no further obligations.

Under the Pensions Act 2008, the company must put certain staff into a pension scheme and contribute towards

it. This is called automatic enrolment. To comply with automatic enrolment laws, the company signed a

participation agreement with a pension provider by which staff become members of an independently

administered pension plan (plan). The plan is run as a trust with assets held separately from the company. The

company and staff make contributions as specified in the plan which is considered to be on a defined

contributions basis. The contributions payable by the company and staff are deposited in the pension plan within

30 days following the deduction. Once the contributions have been paid, the company as employer, has no

further obligations. The company's contributions are charged to the profit and loss account in the period to which

they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

93,395

AMORTISATION

At 1 September 2015

and 31 August 2016

93,395

NET BOOK VALUE

At 31 August 2016

-

At 31 August 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

17,994

DEPRECIATION

At 1 September 2015

14,372

Charge for year

544

At 31 August 2016

14,916

NET BOOK VALUE

At 31 August 2016

3,078

At 31 August 2015

3,622

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

2

Ordinary A

£1

2

5.	ULTIMATE PARENT COMPANY

Annalea Holdings Limited is regarded by the director as being the company's ultimate parent company.

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Regarding the company's premises, as a condition upon signing the lease agreement, Mrs Z Kenworthy has

stood as guarantor for the company. For the duration of the lease agreement, the guarantor will pay the rent and

observe or perform the covenants or conditions in respect of which the company shall be in default.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

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

financial statements of Natures Nursery (Royton) Limited for the year ended 31 August 2016 which comprise the Profit

and Loss Account, the 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Natures Nursery (Royton) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Natures Nursery (Royton) Limited and state those matters that we have agreed to state to the director of Natures Nursery (Royton) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Natures Nursery (Royton) Limited director for our work or for this report.

It is your duty to ensure that Natures Nursery (Royton) Limited 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 loss of Natures Nursery (Royton) Limited. You consider that Natures Nursery (Royton) 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 financial statements of Natures Nursery (Royton) 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 financial statements.

Cox Costello & Horne

Chartered Accountants and Tax Advisors

4th & 5th Floor

14-15 Lower Grosvenor Place

London

SW1W 0EX

6 December 2017