Company Registration No. SC185199 (Scotland)
Sword (Nursery) Limited
Unaudited accounts
for the year ended 30 June 2018
Sword (Nursery) Limited
Statement of financial position
as at 30 June 2018
Tangible assets
1,198,207
1,773,085
Cash at bank and in hand
1,734
15,780
Creditors: amounts falling due within one year
(477,821)
(524,533)
Net current liabilities
(429,336)
(508,588)
Total assets less current liabilities
768,871
1,264,497
Creditors: amounts falling due after more than one year
(270,153)
(545,655)
Net assets
498,718
718,842
Called up share capital
100
100
Profit and loss account
498,618
718,742
Shareholders' funds
498,718
718,842
For the year ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 26 March 2019.
Usha Devi Fowdar
Director
Company Registration No. SC185199
Sword (Nursery) Limited
Notes to the Accounts
for the year ended 30 June 2018
Sword (Nursery) Limited is a private company, limited by shares, registered in Scotland, registration number SC185199. The registered office is Thistle House, Scholars Gate, East Kilbride, G75 9JL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Leasehold - 15% reducing balance
Plant & machinery
25% reducing balance
Fixtures & fittings
15% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2017
1,734,588
84,660
143,837
1,963,085
Additions
22,892
467
802
24,161
Disposals
(524,604)
(11,460)
(2,414)
(538,478)
At 30 June 2018
1,232,876
73,667
142,225
1,448,768
At 1 July 2017
72,066
54,097
63,837
190,000
Charge for the year
54,122
4,173
11,979
70,274
On disposals
-
(8,241)
(1,472)
(9,713)
At 30 June 2018
126,188
50,029
74,344
250,561
At 30 June 2018
1,106,688
23,638
67,881
1,198,207
At 30 June 2017
1,662,522
30,563
80,000
1,773,085
Sword (Nursery) Limited
Notes to the Accounts
for the year ended 30 June 2018
Accrued income and prepayments
2,111
165
6
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
18,608
48,267
Trade creditors
15,723
23,119
Amounts owed to group undertakings and other participating interests
339,000
360,660
Taxes and social security
(9,014)
-
Loans from directors
47,797
23,797
Deferred income
54,000
59,356
7
Creditors: amounts falling due after more than one year
2018
2017
Bank loans
270,153
545,655
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 54 (2017: 54).
