Abbreviated Company Accounts - PEEK-A-BOO NURSERY (EDINBURGH) LIMITED

PEEK-A-BOO NURSERY (EDINBURGH) LIMITED - Company Information

SC455936 PEEK-A-BOO NURSERY (EDINBURGH) LIMITED 2014-12-31 false 2013-08-02 2014-12-31 true SC455936 2013-08-02 2014-12-31 SC455936 2014-12-31 SC455936 uk-gaap-cd-bus:Director1 2013-08-02 2014-12-31 SC455936 uk-gaap-cd-bus:Director2 2013-08-02 2014-12-31 uk-gaap-cd-bus:Director3 2013-08-02 2014-12-31 uk-gaap-cd-bus:Director3 2014-12-31 iso4217:GBP shares

Registered Number SC455936

PEEK-A-BOO NURSERY (EDINBURGH) LIMITED

Abbreviated Accounts

31 December 2014

PEEK-A-BOO NURSERY (EDINBURGH) LIMITED Registered Number SC455936

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014
		£
Fixed assets
Intangible assets	2	337,500
Tangible assets	3	17,094
		354,594
Current assets
Debtors		2,534
Cash at bank and in hand		34,993
		37,527
Creditors: amounts falling due within one year		(328,761)
Net current assets (liabilities)		(291,234)
Total assets less current liabilities		63,360
Provisions for liabilities		(1,862)
Total net assets (liabilities)		61,498
Capital and reserves
Called up share capital		100
Profit and loss account		61,398
Shareholders' funds		61,498

For the year ending 31 December 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 April 2015

And signed on their behalf by:
S Peek, Director

PEEK-A-BOO NURSERY (EDINBURGH) LIMITED Registered Number SC455936

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover in the profit and loss account represents amounts earned in the period.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings - 20% reducing balance
Motor Vehicles - 25% reducing balance

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill - 20% straight line

Other accounting policies
Deferred taxation

Deferred tax is provided using the liability method to take account of timing differences between the treatment of certain items for the purposes of the financial statements and their treatment for tax purposes. Tax deferred is accounted for in respect of all material timing differences. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. A deferred tax asset is only recognised to the extent that it is regarded as recoverable.

Going Concern

The financial statements have been prepared on a going concern basis. The director has assessed the Company's ability to continue as a going concern and has reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus she continues to adopt the going concern basis of accounting the financial statements.

2Intangible fixed assets

	£
Cost
Additions	375,000
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	375,000
Amortisation
Charge for the year	37,500
On disposals	-
At 31 December 2014	37,500
Net book values
At 31 December 2014	337,500

3Tangible fixed assets

	£
Cost
Additions	21,594
Disposals	(1,603)
Revaluations	-
Transfers	-
At 31 December 2014	19,991
Depreciation
Charge for the year	4,129
On disposals	(1,232)
At 31 December 2014	2,897
Net book values
At 31 December 2014	17,094

4Transactions with directors

Name of director receiving advance or credit:	S Peek
Description of the transaction:	Director's Loan
Balance at 2 August 2013:	-
Advances or credits made:	£ 531,576
Advances or credits repaid:	£ 273,520
Balance at 31 December 2014:	£ 258,056

Included within other creditors is £258,056 owing to the director of the company. This loan is unsecured and there are no fixed terms of repayment.

During the period £1,164 was reimbursed to the director of the company for actual interest paid on the loan over the property, held personally.

The company was under the control of S Peek throughout the current period. S Peek is the managing director and only shareholder.