Woodlands Nursery (Derby) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02955645 (England and Wales)

Financial Statements

for the Year Ended 31 March 2018

for

Woodlands Nursery (Derby) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J V Pratt

Mrs S D Pratt

SECRETARY:

T J V Pratt

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

BUSINESS ADDRESS:

192 Duffield Road

Derby

DE22 1BJ

REGISTERED NUMBER:

02955645 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Intangible assets

4

75,000

112,500

Tangible assets

5

75,568

92,784

150,568

205,284

CURRENT ASSETS

Debtors

6

106,930

73,811

CREDITORS

Amounts falling due within one year

7

103,521

117,879

NET CURRENT ASSETS/(LIABILITIES)

3,409

(44,068

)

TOTAL ASSETS LESS CURRENT LIABILITIES

153,977

161,216

CREDITORS

Amounts falling due after more than one year

8

60,736

58,785

NET ASSETS

93,241

102,431

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

93,239

102,429

SHAREHOLDERS' FUNDS

93,241

102,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 31 October 2018 and were signed on its behalf by:

Mrs S D Pratt - Director

1.	STATUTORY INFORMATION

Woodlands Nursery (Derby) 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.

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 represents sales of services provided. Fees receivable and services for the nursery are

accounted for in the year in which the services are provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being

amortised over its estimated remaining useful life of 5 years from 1 April 2015.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2017 - 42 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

250,000

AMORTISATION

At 1 April 2017

137,500

Charge for year

37,500

At 31 March 2018

175,000

NET BOOK VALUE

At 31 March 2018

75,000

At 31 March 2017

112,500

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2017

107,254

33,514

140,768

Additions

1,538

-

1,538

At 31 March 2018

108,792

33,514

142,306

DEPRECIATION

At 1 April 2017

39,605

8,379

47,984

Charge for year

10,375

8,379

18,754

At 31 March 2018

49,980

16,758

66,738

NET BOOK VALUE

At 31 March 2018

58,812

16,756

75,568

At 31 March 2017

67,649

25,135

92,784

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

26,819

12,669

Directors' current account

79,831

60,278

Tax

-

730

Prepayments

280

134

106,930

73,811

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

55,094

87,101

Hire purchase contracts (see note 9)

4,807

4,456

Trade creditors

3,638

5,309

Tax

25,530

10,579

Social security and other taxes

6,732

4,155

Other creditors

7,720

6,279

103,521

117,879

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

50,000

43,242

Hire purchase contracts (see note 9)

10,736

15,543

60,736

58,785

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts

2018

2017

£

£

Net obligations repayable:

Within one year

4,807

4,456

Between one and five years

10,736

15,543

15,543

19,999

10.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

64,286

78,572

Hire purchase contracts

15,543

19,999

79,829

98,571

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year net advances totalling £19,553 were made to the directors. Interest of £1,891 was paid

to the company.