RAINBOWS_NURSERY_LIMITED - Accounts

RAINBOWS NURSERY LIMITED - Company Information

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Company Registration No. 06037448 (England and Wales)

RAINBOWS NURSERY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

RAINBOWS NURSERY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

RAINBOWS NURSERY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

14,992

17,968

Current assets

Debtors

21,844

15,427

Cash at bank and in hand

1,644

4,165

23,488

19,592

Creditors: amounts falling due within one year

(28,715)

(23,606)

Net current liabilities

(5,227)

(4,014)

Total assets less current liabilities

9,765

13,954

Provisions for liabilities

(245)

(463)

9,520

13,491

Capital and reserves

Called up share capital

100

Profit and loss account

9,420

13,391

Shareholders' funds

9,520

13,491

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 December 2014

J Kelly

Director

Company Registration No. 06037448

RAINBOWS NURSERY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for nursery services.

1.4

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 less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

15 years straight line

Fixtures, fittings & equipment

25% Reducing Balance

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 April 2013 & at 31 March 2014

55,915

Depreciation

At 1 April 2013

37,947

Charge for the year

2,976

At 31 March 2014

40,923

Net book value

At 31 March 2014

14,992

At 31 March 2013

17,968

RAINBOWS NURSERY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Ultimate parent company

The ultimate parent company during the period was Jane Kelly Holdings Limited a company incorporated in England and Wales.