Northumbrian Trust Day Nurseries Limited - Accounts to registrar (filleted) - small 18.2
Northumbrian Trust Day Nurseries Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2017 |
| for |
| Northumbrian Trust Day Nurseries Limited |
| Northumbrian Trust Day Nurseries Limited (Registered number: 03162423) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 7 |
| Northumbrian Trust Day Nurseries Limited |
| Company Information |
| for the Year Ended 31 December 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Northumbrian Trust Day Nurseries Limited (Registered number: 03162423) |
| Balance Sheet |
| 31 December 2017 |
| 31.12.17 | 31.12.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 12 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| Northumbrian Trust Day Nurseries Limited (Registered number: 03162423) |
| Balance Sheet - continued |
| 31 December 2017 |
| 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 behalf by: |
| Northumbrian Trust Day Nurseries Limited (Registered number: 03162423) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2017 |
| 1. | STATUTORY INFORMATION |
| Northumbrian Trust Day Nurseries Ltd is a private company, limited by shares, registered in |
| England and Wales. The company's registration number is 03162423 and registered office address |
| is 301 Chillingham Road, Heaton, Newcastle upon Tyne, NE6 5SB. |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements are prepared in sterling, which the functioning currency of the |
| company. Monetary amounts in the financial statements are rounded to the nearest £. |
| Turnover |
| Turnover represents invoiced Nursery Fee income. |
| Goodwill |
| Tangible fixed assets |
| Tangible assets are initially measured at cost ans subsequently stated at cost less accumulated |
| depreciation and impairment losses. |
| Financial instruments |
| Financial instruments are classified and accounted for according to th substance of the contractual |
| agreement, as either financial assets, financial liabilities or equity instruments. An equity |
| instrument is any contract that evidences a residual interest in the assets of the company after |
| deducting all of it's liabilities. |
| 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. |
| Northumbrian Trust Day Nurseries Limited (Registered number: 03162423) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2017 |
| 3. | ACCOUNTING POLICIES - continued |
| Operating leases |
| Lease payments are recognised as an expense over the lease term on a straight line basis. The |
| aggregate benefit of lease incentives is recognised as reduction to expense ove the lease term on |
| a straight line basis. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 January 2017 |
| and 31 December 2017 |
| AMORTISATION |
| At 1 January 2017 |
| Charge for year |
| At 31 December 2017 |
| NET BOOK VALUE |
| At 31 December 2017 |
| At 31 December 2016 |
| 6. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2017 |
| Additions |
| At 31 December 2017 |
| DEPRECIATION |
| At 1 January 2017 |
| Charge for year |
| At 31 December 2017 |
| NET BOOK VALUE |
| At 31 December 2017 |
| At 31 December 2016 |
| The company's freehold properties were revalued to the amount of £1,390,000 by the directors as |
| at 31 December 2014. The directors consider these valuations accurately reflect the open market |
| value of the properties. |
| Northumbrian Trust Day Nurseries Limited (Registered number: 03162423) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2017 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.17 | 31.12.16 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.17 | 31.12.16 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts (see note 10) |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.17 | 31.12.16 |
| £ | £ |
| Hire purchase contracts (see note 10) |
| Other creditors |
| 10. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase contracts |
| 31.12.17 | 31.12.16 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable |
| operating leases |
| 31.12.17 | 31.12.16 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| Northumbrian Trust Day Nurseries Limited (Registered number: 03162423) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2017 |
| 11. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.12.17 | 31.12.16 |
| £ | £ |
| Bank overdraft |
| Hire purchase contracts | 17,181 | 13,293 |
| 12. | PROVISIONS FOR LIABILITIES |
| Deferred tax is calculated on the value of the Nursery properties. |
| 13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended |
| 31 December 2017 and 31 December 2016: |
| 31.12.17 | 31.12.16 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |