| Immanuel Childcare Limited |
| Registered number: |
05723427 |
| Balance Sheet |
| as at 28 February 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
1,049,328 |
|
|
1,046,265 |
|
| Current assets |
| Debtors |
3 |
|
2,168 |
|
|
- |
|
| Creditors: amounts falling due within one year |
4 |
|
(40,386) |
|
|
(37,767) |
|
| Net current liabilities |
|
|
|
(38,218) |
|
|
(37,767) |
|
| Total assets less current liabilities |
|
|
|
1,011,110 |
|
|
1,008,498 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(828,702) |
|
|
(763,410) |
|
| Net assets |
|
|
|
182,408 |
|
|
245,088 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Revaluation reserve |
6 |
|
|
236,278 |
|
|
236,278 |
| Profit and loss account |
|
|
|
(53,872) |
|
|
8,808 |
|
| Shareholder's funds |
|
|
|
182,408 |
|
|
245,088 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Theodora Adebanjo |
| Director |
| Approved by the board on 30 November 2018 |
|
| Immanuel Childcare Limited |
| Notes to the Accounts |
| for the year ended 28 February 2018 |
|
|
| 1 |
Accounting policies |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
100% AIA; 18% reducing balance |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
| 2 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 March 2017 |
1,040,000 |
|
52,872 |
|
- |
|
1,092,872 |
|
Additions |
- |
|
4,191 |
|
- |
|
4,191 |
|
At 28 February 2018 |
1,040,000 |
|
57,063 |
|
- |
|
1,097,063 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2017 |
- |
|
46,607 |
|
- |
|
46,607 |
|
Charge for the year |
- |
|
1,128 |
|
- |
|
1,128 |
|
At 28 February 2018 |
- |
|
47,735 |
|
- |
|
47,735 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2018 |
1,040,000 |
|
9,328 |
|
- |
|
1,049,328 |
|
At 28 February 2017 |
1,040,000 |
|
6,265 |
|
- |
|
1,046,265 |
|
|
| 3 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
Other debtors |
2,168 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Bank loans and overdrafts |
40,386 |
|
37,767 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Trade creditors |
590,822 |
|
468,813 |
|
Director account |
237,880 |
|
294,597 |
|
|
|
|
|
|
828,702 |
|
763,410 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Revaluation reserve |
2018 |
|
2017 |
| £ |
£ |
|
|
Deferred taxation arising on the revaluation of land and buildings |
236,278 |
|
236,278 |
|
|
At 28 February 2018 |
236,278 |
|
236,278 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Immanuel Childcare Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
1 Haling Park Road |
|
South Croydon |
|
Surrey |
|
CR2 6NG |
