J. Puddleducks Childcare Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC346926 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 June 2017

for

J. Puddleducks Childcare Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms J L Fowler

REGISTERED OFFICE:

162 Victoria Street

Dyce

Aberdeen

AB21 9DN

REGISTERED NUMBER:

SC346926 (Scotland)

ACCOUNTANTS:

Campbell Dallas Limited

Accountants

23 Carden Place

Aberdeen

AB10 1UQ

FIXED ASSETS

Tangible assets

4

865,263

873,476

CURRENT ASSETS

Stocks

-

577

Debtors

5

6,287

14,057

Cash at bank

722

2,580

7,009

17,214

CREDITORS

Amounts falling due within one year

6

459,992

210,563

NET CURRENT LIABILITIES

(452,983

)

(193,349

)

TOTAL ASSETS LESS CURRENT LIABILITIES

412,280

680,127

CREDITORS

Amounts falling due after more than one year

7

(153,164

)

(404,847

)

PROVISIONS FOR LIABILITIES

-

(8,227

)

NET ASSETS

259,116

267,053

CAPITAL AND RESERVES

Called up share capital

9

10

10

Retained earnings

259,106

267,043

SHAREHOLDERS' FUNDS

259,116

267,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 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 director on 22 March 2018 and were signed by:

Ms J L Fowler - Director

1.	STATUTORY INFORMATION

J. Puddleducks Childcare Limited is a private company, limited by shares , registered in Scotland.

The 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

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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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 etc

-

25% on reducing balance and 25% on cost

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 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.

Hire purchase and leasing commitments

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the

risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases, including hire purchase contracts, are recognised as assets at the

lower of the fair value of the assets at the date of inception and the present value of minimum lease

payments. The related liability is included in the balance sheet as a finance lease obligation. Lease

payments are treated as consisting of capital and interest elements. The interest is charged to the

profit and loss account so as to produce a constant periodic rate of interest on the remaining balance

of the liability.

Rentals payable under operating leases (net of any lease incentives received) are charged to the profit

and loss account on a straight line basis over the term of the relevant lease, except where another

more systematic basis is more representative of the time pattern in which economic benefits from the

leased asset are consumed.

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 16 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2016

832,239

103,669

935,908

Additions

-

50,455

50,455

Disposals

-

(86,265

)

(86,265

)

At 30 June 2017

832,239

67,859

900,098

DEPRECIATION

At 1 July 2016

-

62,432

62,432

Charge for year

-

7,979

7,979

Eliminated on disposal

-

(35,576

)

(35,576

)

At 30 June 2017

-

34,835

34,835

NET BOOK VALUE

At 30 June 2017

832,239

33,024

865,263

At 30 June 2016

832,239

41,237

873,476

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

6,287

14,057

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

355,134

138,811

Hire purchase contracts

5,484

10,250

Trade creditors

7,936

1,975

Taxation and social security

11,525

23,232

Other creditors

79,913

36,295

459,992

210,563

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

131,257

351,576

Hire purchase contracts

21,907

53,271

153,164

404,847

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

39,935

68,423

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank overdrafts

77,389

68,023

Bank loans

409,002

422,364

486,391

490,387

The company's bankers hold a floating charge over the assets of the company, and a standard security

over the land and buildings.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

10

Ordinary

£1

10

10

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £3,747 were paid to the director .

Director

2017

2016

£

£

Amount due to related party at the balance sheet date

54,497

-

11.	GOING CONCERN

The company realised a trading loss of £15,088 for the year. The financial statements have been

prepared on the going concern basis which assumes that the company will continue to trade. This

assumption is based upon assurances received from the director that it is her intention to provide

such assistance as is required to enable the company to meet its financial commitments.

12.	FIRST YEAR ADOPTION

The reported financial position and financial performance for the previous year are not affected by

the transition to FRS 102 Section 1A.