Jennifer Lace Childcare (Shropshire) Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09178164 (England and Wales)

JENNIFER LACE CHILDCARE (SHROPSHIRE) LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Miss H Vyse

SECRETARY:

Miss S Vyse

REGISTERED OFFICE:

The Old Mill Barn

Mill Street

Bridgnorth

Shropshire

WV15 5AG

REGISTERED NUMBER:

09178164 (England and Wales)

ACCOUNTANTS:

Wallace Crooke

Chartered Accountants

College House

St. Leonards Close

Bridgnorth

Shropshire

WV16 4EJ

FIXED ASSETS

Tangible assets

4

29,246

27,298

CURRENT ASSETS

Debtors

5

-

830

Cash at bank

74,153

68,642

74,153

69,472

CREDITORS

Amounts falling due within one year

6

19,333

28,760

NET CURRENT ASSETS

54,820

40,712

TOTAL ASSETS LESS CURRENT LIABILITIES

84,066

68,010

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

84,064

68,008

SHAREHOLDERS' FUNDS

84,066

68,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 15 May 2018 and were signed by:

Miss H Vyse - Director

1.	STATUTORY INFORMATION

Jennifer Lace Childcare (Shropshire) Ltd 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.

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.

Improvements to property

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

At 1 September 2016

14,254

18,789

33,043

Additions

-

7,761

7,761

At 31 August 2017

14,254

26,550

40,804

DEPRECIATION

At 1 September 2016

3,153

2,592

5,745

Charge for year

2,220

3,593

5,813

At 31 August 2017

5,373

6,185

11,558

NET BOOK VALUE

At 31 August 2017

8,881

20,365

29,246

At 31 August 2016

11,101

16,197

27,298

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Prepayments

-

830

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Corporation tax

15,387

23,994

Social security and other taxes

-

2,878

3rd party loan

388

-

Director's current account

1,138

448

Accrued expenses

2,420

1,440

19,333

28,760

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1

Ordinary

£1

1

1

1

Ordinary B Share

£1

1

1

2

2

8.

RESERVES

Retained

earnings

£

At 1 September 2016

68,008

Profit for the year

66,056

Dividends

(50,000

)

At 31 August 2017

84,064