Squiggles Childcare Limited - Accounts to registrar (filleted) - small 17.3
Squiggles Childcare Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| FOR |
| SQUIGGLES CHILDCARE LIMITED |
| SQUIGGLES CHILDCARE LIMITED (REGISTERED NUMBER: 06067989) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| SQUIGGLES CHILDCARE LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SQUIGGLES CHILDCARE LIMITED (REGISTERED NUMBER: 06067989) |
| BALANCE SHEET |
| 30 JUNE 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| SQUIGGLES CHILDCARE LIMITED (REGISTERED NUMBER: 06067989) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 1. | STATUTORY INFORMATION |
| Squiggles Childcare Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The preparation of financial statements requires the use of certain critical accounting estimates. It also requires |
| directors to exercise judgement in applying accounting policies.This would apply to the matter referred to at note |
| 8. |
| Reconciliation with previously Generally Accepted Accounting Practice |
| This is the first year the financial statements have been prepared in accordance with the provisions of Section |
| 1A "Small Entities" of Financial Reporting Standard (FRS) 102. The transition date to the new standard was |
| 1/7/2015. |
| In preparing the financial statements, the directors are required to implement transitional rules which require the |
| new FRS be adopted for the comparative period, that is for the year ended 30/6/2016 and therefore commences |
| with the opening balance sheet at 1/7/2015. |
| The comparative figures have therefore been presented on the basis of the new FRS had been adopted for that |
| period. |
| Refer to note 10 for an explanation of the transition. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| The company provides nursery childcare services and turnover represents amounts chargeable in respect |
| thereof. Turnover is recognised on a performance basis. |
| Tangible fixed assets |
| Improvements to property | - |
| Fixtures and fittings | - |
| 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 balance sheet date. |
| SQUIGGLES CHILDCARE LIMITED (REGISTERED NUMBER: 06067989) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet 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. |
| 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. |
| Provisions |
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting |
| date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and |
| the amount of the obligation can be estimated reliably. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | and |
| property | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 July 2016 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 June 2017 |
| DEPRECIATION |
| At 1 July 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 June 2017 |
| NET BOOK VALUE |
| At 30 June 2017 |
| At 30 June 2016 |
| 5. | DEBTORS |
| 2017 | 2016 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Prepayments |
| SQUIGGLES CHILDCARE LIMITED (REGISTERED NUMBER: 06067989) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 5. | DEBTORS - continued |
| 2017 | 2016 |
| £ | £ |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Accruals and deferred income |
| 7. | CONTINGENT LIABILITIES |
| At the balance sheet date, the directors estimate a contingent liability exists of £98,450 in connection with an |
| ongoing tax dispute which the company is defending. |
| 8. | OTHER FINANCIAL COMMITMENTS |
| At 30 June 2017, the company had total commitments under non-cancellable operating leases over the |
| remaining life of those leases of £Nil (2016: £97,000). |
| 9. | FIRST YEAR ADOPTION |
| Following adoption of FRS 102 and the possible effect on the company's accounting policies, there are no |
| reported effects on transition to either overall equity or profit. Consequently no reconciliation is required for either |
| the company's equity at 1 July 2015 and 30 June 2016 and of its profit so determined in its most recent annual |
| financial statements. |