Butterflies Childcare Ltd
Butterflies Childcare Ltd
Registered number: 7364939
Financial Statements
For The Year Ended 30 June 2017
Simply Additions Ltd
Chartered Management Accountant
Evolve Business Centre
Cygnet Way
Rainton Bridge South Business Park
Tyne and Wear
DH4 5QY
Butterflies Childcare Ltd
Financial Statements
For The Year Ended 30 June 2017
Financial Statements
| Contents | |
| Page | |
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| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Butterflies Childcare Ltd
Balance Sheet
As at
30 June 2017
Balance Sheet
Registered number:
7364939
For the year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2017 | 2016 as restated |
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 83,579 | 30,826 | |||
Page 1
Butterflies Childcare Ltd
Balance Sheet (continued)
As at
30 June 2017
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Butterflies Childcare Ltd
Notes to the Unaudited Accounts
For The Year Ended 30 June 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises receipts related to services supplied by the company forthe financial period. Receipts relating to future periods are deferred and held in the balance sheet. The income is exempt from UK VAT.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Freehold |
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| Fixtures & Fittings |
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| Computer Equipment |
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4.
Tangible Assets
| Land & Property | ||||
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| Freehold | Fixtures & Fittings | Computer Equipment | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
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| Depreciation | ||||
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| Provided during the period |
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| Net Book Value | ||||
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5.
Debtors
| 2017 | 2016 as restated |
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| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
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Page 3
Butterflies Childcare Ltd
Notes to the Unaudited Accounts (continued)
For The Year Ended 30 June 2017
6.
Creditors: Amounts Falling Due Within One Year
| 2017 | 2016 as restated |
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| £ | £ | ||
| Trade creditors |
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| Corporation tax |
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| Other taxes and social security |
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| Net wages | - | 305 | |
| Accruals and deferred income |
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| Director's loan account |
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8.
Transactions With and Loans to Directors
Dividends paid to directors
| 2017 | 2016 | |
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| £ | £ | |
| Mrs Denise Harper | 5,000 | 73,780 |
9.
Dividends
| 2017 | 2016 as restated |
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| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
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| 5,000 | 73,780 | ||
10.
Related Party Transactions
Cuckoo Wicket Ltd
of which Denise Harper is director and shareholder
During the year, rent of £37,200 (2016: £37,200) was paid to Cuckoo Wicket Ltd. At 30th June 2017 Butterflies Childcare Ltd owed £15,500 (2016: £15,500) to Cuckoo Wicket Ltd.
11.
Ultimate Controlling Party
The company's ultimate controlling party is Denise Harper by virtue of her ownership of 100% of the issued share capital in the company.
Page 4
Butterflies Childcare Ltd
Notes to the Unaudited Accounts (continued)
For The Year Ended 30 June 2017
12.
General Information
Butterflies Childcare Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 7364939 . The registered office is 20 Beulah Road, London, SE19 3SB.
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