Candice Education Services Ltd - Period Ending 2015-05-31

Registration number: 04753881

Candice Education Services Ltd

trading as Small Haven School

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2015
 

Batchelor Coop Ltd Chartered Accountants
The New Barn Mill Lane Eastry Sandwich Kent CT13 0JW

Candice Education Services Ltd
trading as Small Haven School
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Candice Education Services Ltd
trading as Small Haven School
for the Year Ended 31 May 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Candice Education Services Ltd for the year ended 31 May 2015 set out on pages 2 to 5 from the company's accounting records and from information and explanations you have given us.

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Candice Education Services Ltd, as a body, in accordance with the terms of our engagement letter dated 3 February 2005. Our work has been undertaken solely to prepare for your approval the accounts of Candice Education Services Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Candice Education Services Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Candice Education Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Candice Education Services Ltd. You consider that Candice Education Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Candice Education Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Batchelor Coop Ltd
Chartered Accountants
The New Barn
Mill Lane
Eastry
Sandwich
Kent
CT13 0JW

15 July 2015

Page 1

Candice Education Services Ltd
trading as Small Haven School
(Registration number: 04753881)
Abbreviated Balance Sheet at 31 May 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					332,555			326,085
Current assets
Debtors					7,788			8,603
Cash at bank and in hand					203,090			175,399
					210,878			184,002
Creditors: Amounts falling due within one year					(214,617)			(176,537)
Net current (liabilities)/assets					(3,739)			7,465
Total assets less current liabilities					328,816			333,550
Provisions for liabilities					(4,872)			(4,312)
Net assets					323,944			329,238
Capital and reserves
Called up share capital		3			106			106
Profit and loss account					323,838			329,132
Shareholders' funds					323,944			329,238

For the year ending 31 May 2015 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 notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Candice Education Services Ltd
trading as Small Haven School
(Registration number: 04753881)
Abbreviated Balance Sheet at 31 May 2015......... continued

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 13 July 2015 and signed on its behalf by:

.........................................
Mr MJ Morgan
Director

.........................................
Mrs MJ Morgan
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Candice Education Services Ltd
trading as Small Haven School
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable to local authorities and other agencies in respect of education services provided to young people.

Revenue recognition

Revenue is recognised when goods are supplied, irrespective of the date the goods were invoiced.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% straight line basis
Fixtures and fittings	25% reducing balance
Freehold land and buildings	Not provided

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme. The pension costs charged in the financial statements represent the contribution payable by the company during the period. The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employees' service lives on the basis of a constant percentage of earnings.

Page 4

Candice Education Services Ltd
trading as Small Haven School
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2014		363,645			363,645
Additions		27,489			27,489
Disposals		(11,895)			(11,895)
At 31 May 2015		379,239			379,239
Depreciation
At 1 June 2014		37,560			37,560
Charge for the year		12,098			12,098
Eliminated on disposals		(2,974)			(2,974)
At 31 May 2015		46,684			46,684
Net book value
At 31 May 2015		332,555			332,555
At 31 May 2014		326,085			326,085

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100
Ordinary A-F shares of £1 each		6			6			6			6
		106			106			106			106

4

Control

The company is controlled by the directors by virtue of their 100% beneficial interest in the companies ordinary share capital.

Page 5