Green Gables Montessori School Limited Small abbreviated accounts

GREEN GABLES MONTESSORI SCHOOL LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 04734358

GREEN GABLES MONTESSORI SCHOOL LIMITED

UNAUDITED ABBREVIATED ACCOUNTS

30 April 2015

STEWART ASSOCIATES SHREWSBURY LTD

Chartered Accountants

Emstrey House North

Shrewsbury Business Park

Shrewsbury

Shropshire

SY2 6LG

GREEN GABLES MONTESSORI SCHOOL LIMITED

ABBREVIATED BALANCE SHEET

30 April 2015

		2015		2014
Note		£	£	£
Fixed Assets	2
Tangible assets			67,642	73,198
			--------	--------
			67,642	73,198
			--------	--------

Current Assets

Debtors		388,193		354,438
Cash at bank and in hand		41,510		13,188
		----------		----------
		429,703		367,626
Creditors: Amounts Falling due Within One Year	3	220,756		238,932
		----------		----------
Net Current Assets			208,947	128,694
			----------	----------
Total Assets Less Current Liabilities			276,589	201,892

Creditors: Amounts Falling due after More than One Year	4	-	30,750
		----------	----------
		276,589	171,142
		----------	----------

Capital and Reserves

Called-up equity share capital	5	1	1
Profit and loss account		276,588	171,141
		----------	----------
Shareholders' Funds		276,589	171,142
		----------	----------

For the year ended 30th April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 29 January 2016 , and are signed on their behalf by:

Mr S Hamid

Company Registration Number: 04734358

GREEN GABLES MONTESSORI SCHOOL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 30th APRIL 2015

1. Accounting Policies

Basis of Accounting

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Fixed Assets

All fixed assets are initially recorded at cost .

Depreciation

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:

Leasehold Property - Straight line over the period of the lease

Plant & Machinery - 25% Reducing balance

Fixtures & Fittings - 25% Reducing balance

Hire Purchase Agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Operating Lease Agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial Instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

2. Fixed Assets

	Tangible Assets
	£

Cost

At 1st May 2014	163,066
Additions	4,676
	----------
At 30th April 2015	167,742
	----------

Depreciation

At 1st May 2014	89,868
Charge for year	10,232
	----------
At 30th April 2015	100,100
	----------

Net Book Value

At 30th April 2015	67,642
	--------
At 30th April 2014	73,198
	--------

3. Creditors: Amounts Falling due Within One Year

The following liabilities disclosed under creditors falling due within one year are secured by the company:

	2015	2014
	£	£
Bank loans and overdrafts	26,666	21,750
Hire purchase agreements	23,295	10,676
	--------	--------
	49,961	32,426
	--------	--------

4. Creditors: Amounts Falling due after More than One Year

The following liabilities disclosed under creditors falling due after more than one year are secured by the company:

	2015	2014
	£	£
Bank loans and overdrafts	-	10,687
Hire purchase agreements	-	20,063
	----	--------
	-	30,750
	----	--------

5. Share Capital

Allotted, called up and fully paid:

	2015		2014
	No	£	No	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----
	1	1	1	1
	----	----	----	----