Wirral Nurseries Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04429137 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

Wirral Nurseries Limited

T/A

Jack and Jill Day Nursery

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D J Jack

Mrs M P Jack

J Jack

SECRETARY:

Mrs M P Jack

REGISTERED OFFICE:

14 Shrewsbury Road

Birkenhead

Wirral

CH43 1UX

REGISTERED NUMBER:

04429137 (England and Wales)

ACCOUNTANTS:

McEwan Wallace Limited

68 Argyle Street

Birkenhead

CH41 6AF

FIXED ASSETS

Intangible assets

2

39,000

52,000

Tangible assets

3

712,590

455,172

751,590

507,172

CURRENT ASSETS

Debtors

170,559

170,763

Cash at bank and in hand

55,311

275,468

225,870

446,231

CREDITORS

Amounts falling due within one year

4

88,343

114,060

NET CURRENT ASSETS

137,527

332,171

TOTAL ASSETS LESS CURRENT LIABILITIES

889,117

839,343

CREDITORS

Amounts falling due after more than one year

4

(385,618

)

(379,392

)

PROVISIONS FOR LIABILITIES

(65,122

)

(18,584

)

NET ASSETS

438,377

441,367

CAPITAL AND RESERVES

Called up share capital

5

200

2

Profit and loss account

438,177

441,365

SHAREHOLDERS' FUNDS

438,377

441,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 4 November 2015 and were signed on its behalf by:

D J Jack - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Income is recognised on an accruals basis according to delivery of the service supplied.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

1% on cost

Improvements to property

-

10% on cost

Equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

130,000

AMORTISATION

At 1 April 2014

78,000

Amortisation for year

13,000

At 31 March 2015

91,000

NET BOOK VALUE

At 31 March 2015

39,000

At 31 March 2014

52,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

563,181

Additions

313,331

At 31 March 2015

876,512

DEPRECIATION

At 1 April 2014

108,009

Charge for year

55,913

At 31 March 2015

163,922

NET BOOK VALUE

At 31 March 2015

712,590

At 31 March 2014

455,172

4.

CREDITORS

Creditors include an amount of £ 420,941 (31.3.14 - £ 414,953 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.3.15

31.3.14

£

£

Repayable by instalments

229,705

222,427

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

NIL

Ordinary

£1

-

2

95

A Ordinary

£1

95

-

95

B Ordinary

£1

95

-

10

C Ordinary

£1

10

-

200

2

On 30 March 2015 198 additional shares were issued, these 200 Ordinary shares were reclassified

into 95 A Ordinary, 95 B Ordinary and 10 C Ordinary.

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2015 and

31 March 2014:

31.3.15

31.3.14

£

£

D J Jack and Mrs M P Jack

Balance outstanding at start of year

153,353

130,718

Amounts advanced

160,962

180,427

Amounts repaid

(169,722

)

(157,792

)

Balance outstanding at end of year

144,593

153,353

J Jack

Balance outstanding at start of year

-

-

Amounts advanced

10

-

Amounts repaid

-

-

Balance outstanding at end of year

10

-

At the year end the directors, Mr D J Jack and Mrs M P Jack, owed the company £144,593 (2014 -

£153,353). Mr J Jack, director, also owed the company £10 (2013 - £Nil) at the year end.

These unsecured advances are interest free, with no formal repayment schedule.