Jellybabies Day Nursery Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04821789 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2017

for

Jellybabies Day Nursery Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

D A C Phillips

Mrs M L Phillips

REGISTERED OFFICE:

8 -10 Bolton Street

Ramsbottom

Bury

Lancashire

BL0 9HX

REGISTERED NUMBER:

04821789 (England and Wales)

ACCOUNTANTS:

Cowgill, Holloway & Co

8 -10 Bolton Street

Ramsbottom

Bury

Lancashire

BL0 9HX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

81,543

84,778

81,543

84,778

CURRENT ASSETS

Stocks

6

528

500

Debtors

7

121,149

70,653

Cash at bank and in hand

123,712

172,520

245,389

243,673

CREDITORS

Amounts falling due within one year

8

48,498

43,960

NET CURRENT ASSETS

196,891

199,713

TOTAL ASSETS LESS CURRENT LIABILITIES

278,434

284,491

PROVISIONS FOR LIABILITIES

9,849

9,998

NET ASSETS

268,585

274,493

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

268,583

274,491

SHAREHOLDERS' FUNDS

268,585

274,493

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 15 December 2017 and were signed on its behalf by:

Mrs M L Phillips - Director

1.	STATUTORY INFORMATION

Jellybabies Day Nursery 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 represents fees received in the year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Leasehold property improvements

-

15% on reducing balance

Playground

-

20% on reducing balance

Equipment

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that

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

Current or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

Deferred tax

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

position date.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2016

and 31 July 2017

49,632

AMORTISATION

At 1 August 2016

and 31 July 2017

49,632

NET BOOK VALUE

At 31 July 2017

-

At 31 July 2016

-

5.	TANGIBLE FIXED ASSETS

Leasehold

property

improvements

Playground

Equipment

£

£

£

COST

At 1 August 2016

73,779

15,000

31,627

Additions

-

6,900

8,332

Disposals

-

-

(4,600

)

At 31 July 2017

73,779

21,900

35,359

DEPRECIATION

At 1 August 2016

43,432

8,472

22,224

Charge for year

4,552

2,686

3,214

Eliminated on disposal

-

-

(2,937

)

At 31 July 2017

47,984

11,158

22,501

NET BOOK VALUE

At 31 July 2017

25,795

10,742

12,858

At 31 July 2016

30,347

6,528

9,403

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 August 2016

79,110

3,200

9,983

212,699

Additions

-

-

-

15,232

Disposals

-

-

-

(4,600

)

At 31 July 2017

79,110

3,200

9,983

223,331

DEPRECIATION

At 1 August 2016

46,381

1,400

6,012

127,921

Charge for year

4,909

450

993

16,804

Eliminated on disposal

-

-

-

(2,937

)

At 31 July 2017

51,290

1,850

7,005

141,788

NET BOOK VALUE

At 31 July 2017

27,820

1,350

2,978

81,543

At 31 July 2016

32,729

1,800

3,971

84,778

6.

STOCKS

31.7.17

31.7.16

£

£

Inventories

528

500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Intercompany loan

120,000

-

Pension scheme loan

-

70,653

Tax

1,149

-

121,149

70,653

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade payables

2,455

3,132

Tax

3,794

15,119

Social security and other taxes

5,936

6,432

Directors' current accounts

34,927

14,877

Accrued expenses

1,386

4,400

48,498

43,960

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Creditors includes amounts due to the directors, Mr D A C Phillips £17,464 (2016: £7,439) and Mrs M L Phillips £17,463

(2015: £7,438)These loans are unsecured, free of interest and are repayable on demand.

During the year dividends were paid to Mr D A C Phillips of £10,000 (2016: £4,300) and to Mrs M L Phillips of £10,000

(2016: £4,300).

10.	RELATED PARTY DISCLOSURES

During the year the company paid rent to Mrs M L Phillips of £Nil (2016: £16,500) on commercial terms.

Rent has also been paid of £23,000 (2016: £6,651) to Liberty Group Pension Scheme of which Mr D A C Phillips and Mrs M

L Phillips are trustees.

A loan was advanced of £70,653 to Liberty Group Pension Scheme in 2016.The balance on this loan at the year end is £Nil

(2016: £70,653).

Included in Debtors is a loan of £120,000 (2016: £Nil) to LJM Holdings Ltd of which Mr D A C Phillips and Mrs M L

Phillips are directors.This loan is unsecured, free of interest and has no fixed terms of repayment.

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by the board of directors as they own all of the company's issued share capital.

The following reproduces the text of the report prepared for the directors 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 Statement of

Financial Position. 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 Jellybabies Day Nursery Ltd for the year ended 31 July 2017 which comprise the Income Statement, Statement of Financial

Position, 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 Board of Directors of Jellybabies Day Nursery 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 Jellybabies Day Nursery Ltd and state those matters that we have agreed to state to the Board of Directors of Jellybabies Day Nursery Ltd, as a body, 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 Jellybabies Day Nursery Ltd Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jellybabies Day Nursery 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 Jellybabies Day Nursery Ltd. You consider that Jellybabies Day Nursery 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 Jellybabies Day Nursery 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.

Cowgill, Holloway & Co

8 -10 Bolton Street

Ramsbottom

Bury

Lancashire

BL0 9HX

20 December 2017