Colston Bassett School Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06077784 (England and Wales)

COLSTON BASSETT SCHOOL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mrs D E Miller

A J Miller

M K Willmott

REGISTERED OFFICE:

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

REGISTERED NUMBER:

06077784 (England and Wales)

ACCOUNTANTS:

Phipps Henson McAllister

Chartered Accountants

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

FIXED ASSETS

Tangible assets

4

3,903

4,201

CURRENT ASSETS

Cash at bank

466

-

CREDITORS

Amounts falling due within one year

5

42,387

32,682

NET CURRENT LIABILITIES

(41,921

)

(32,682

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(38,018

)

(28,481

)

CREDITORS

Amounts falling due after more than one year

6

187,962

198,920

NET LIABILITIES

(225,980

)

(227,401

)

CAPITAL AND RESERVES

Called up share capital

8

3

3

Retained earnings

(225,983

)

(227,404

)

SHAREHOLDERS' FUNDS

(225,980

)

(227,401

)

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 22 March 2018 and were signed on its behalf by:

A J Miller - Director

M K Willmott - Director

Mrs D E Miller - Director

1.	STATUTORY INFORMATION

Colston Bassett School Limited 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.

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.

Fixtures and fittings

-

25% on reducing balance

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.

Debtors and creditors

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 August 2016

17,288

Additions

1,003

At 31 July 2017

18,291

DEPRECIATION

At 1 August 2016

13,087

Charge for year

1,301

At 31 July 2017

14,388

NET BOOK VALUE

At 31 July 2017

3,903

At 31 July 2016

4,201

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

1,458

3,054

Trade creditors

842

1,714

Social security and other taxes

1,492

2,400

Other creditors

9,550

8,300

Pension fund

99

-

Net wages

8,405

9,146

Accruals and deferred income

20,541

8,068

42,387

32,682

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans - 1-2 years

-

1,458

Directors' loan accounts

187,962

197,462

187,962

198,920

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2017

2016

£

£

Within one year

13,000

13,000

Between one and five years

26,000

39,000

39,000

52,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

3

Ordinary

£1

3

3

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed M K Wilmott, a director and shareholder, £99,457 (2016-

£103,457) and also owed A J Miller and Mrs D E Miller, both directors and shareholders jointly £88,505 (2016-

£94,005).

10.	TRANSITION TO FRS 102 1A

This is the first year that the company has presented its results under FRS 102 1A. The last financial statements

under UK GAAP were for the year ended 31 July 2016. The date of transition to FRS 102 1A was 1 August 2015.

No accounting policies have changed and no adjustments made due to the change.