Norton College (Worcester) Limited - Accounts to registrar (filleted) - small 17.3
Norton College (Worcester) Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| FOR |
| NORTON COLLEGE (WORCESTER) LIMITED |
| NORTON COLLEGE (WORCESTER) LIMITED (REGISTERED NUMBER: 09728342) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 August 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| NORTON COLLEGE (WORCESTER) LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 August 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1110 Elliott Court |
| Coventry Business Park |
| Herald Avenue |
| Coventry |
| West Midlands |
| CV5 6UB |
| NORTON COLLEGE (WORCESTER) LIMITED (REGISTERED NUMBER: 09728342) |
| BALANCE SHEET |
| 31 August 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Capital redemption reserve | 7 |
| Retained earnings | 7 |
| 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 Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on its behalf by: |
| NORTON COLLEGE (WORCESTER) LIMITED (REGISTERED NUMBER: 09728342) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 August 2017 |
| 1. | STATUTORY INFORMATION |
| Norton College (Worcester) Limited is a |
| 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 |
| The financial statements are presented in sterling which is the functional currency of the company and |
| rounded to the nearest £1. |
| The significant accounting policies applied in the preparation of these financial statements are set out |
| below. These policies have been consistently applied to all years presented unless otherwise stated. |
| Preparation of consolidated financial statements |
| The financial statements contain information about Norton College (Worcester) Limited as an |
| individual company and do not contain consolidated financial information as the parent of a group. The |
| company has taken the option under Section 398 of the Companies Act 2006 not to prepare |
| consolidated financial statements. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
| rebates, value added tax and other sales taxes. |
| Management fees are recognised on a receipts basis. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| 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. |
| 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. |
| NORTON COLLEGE (WORCESTER) LIMITED (REGISTERED NUMBER: 09728342) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 August 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Debtors and creditors receivable / payable within one year |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are |
| recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss |
| account in other administrative expenses. |
| Provisions |
| Provisions are recognised when the company has an obligation at the balance sheet date as a result of |
| a past event, it is probable that an outflow of economic benefits will be required in settlement and the |
| amount can be reliably estimated. |
| Judgements and key sources of estimation uncertainty |
| No significant judgements have been made in the process of applying the above accounting policies. |
| There are no key sources of estimation uncertainty at the reporting date that have a significant risk of |
| causing a material adjustment to the carrying amounts of assets and liabilities within the next financial |
| year. |
| 3. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 September 2016 |
| and 31 August 2017 |
| NET BOOK VALUE |
| At 31 August 2017 |
| At 31 August 2016 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Tax |
| Other creditors |
| Accrued expenses |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | 1 | 508,000 | 508,000 |
| NORTON COLLEGE (WORCESTER) LIMITED (REGISTERED NUMBER: 09728342) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 August 2017 |
| 7. | RESERVES |
| Capital |
| Retained | redemption |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 September 2016 | 159,443 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 31 August 2017 | 383,602 |