Company Registration No. SC185199 (Scotland)
Sword (Nursery) Limited
Unaudited accounts
for the year ended 30 June 2019
Sword (Nursery) Limited
Statement of financial position
as at 30 June 2019
Tangible assets
1,138,476
1,198,207
Cash at bank and in hand
(13,108)
1,734
Creditors: amounts falling due within one year
(482,820)
(477,821)
Net current liabilities
(417,592)
(429,336)
Total assets less current liabilities
720,884
768,871
Creditors: amounts falling due after more than one year
(253,948)
(270,153)
Net assets
466,936
498,718
Called up share capital
100
100
Profit and loss account
466,836
498,618
Shareholders' funds
466,936
498,718
For the year ending 30 June 2019 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 18 February 2020.
Usha Devi Fowdar
Director
Company Registration No. SC185199
Sword (Nursery) Limited
Notes to the Accounts
for the year ended 30 June 2019
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 2018
1,232,876
73,667
142,225
1,448,768
At 30 June 2019
1,232,876
73,667
142,225
1,448,768
At 1 July 2018
126,188
50,029
74,344
250,561
Charge for the year
46,004
3,545
10,182
59,731
At 30 June 2019
172,192
53,574
84,526
310,292
At 30 June 2019
1,060,684
20,093
57,699
1,138,476
At 30 June 2018
1,106,688
23,638
67,881
1,198,207
Trade debtors
75,191
44,640
Accrued income and prepayments
3,145
2,111
Sword (Nursery) Limited
Notes to the Accounts
for the year ended 30 June 2019
6
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
17,406
18,608
Trade creditors
11,108
15,723
Amounts owed to group undertakings and other participating interests
339,000
339,000
Taxes and social security
13,281
(9,014)
Loans from directors
66,797
47,797
Deferred income
17,171
54,000
7
Creditors: amounts falling due after more than one year
2019
2018
Bank loans
253,948
270,153
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 55 (2018: 54).
