| Bourne Valley Nursery School Limited |
|
| Report to the director on the preparation of the unaudited abbreviated accounts of Bourne Valley Nursery School Limited for the year ended 31 March 2016 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Bourne Valley Nursery School Limited for the year ended 31 March 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| This report is made solely to the Board of Directors of Bourne Valley Nursery School Limited, as a body, in accordance with the terms of our engagement letter dated 9 July 2014. Our work has been undertaken solely to prepare for your approval the accounts of Bourne Valley Nursery School Limited and state those matters that we have agreed to state to the Board of Directors of Bourne Valley Nursery School Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bourne Valley Nursery School Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Bourne Valley Nursery School Limited 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 Bourne Valley Nursery School Limited. You consider that Bourne Valley Nursery School Limited 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 Bourne Valley Nursery School Limited. 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 abbreviated accounts. |
|
| Shirley Hollis & Co |
| Chartered Certified Accountants |
| 41 High Street |
| Durrington |
| Salisbury |
| Wiltshire |
| SP4 8AE |
|
| 12 May 2016 |
|
| Bourne Valley Nursery School Limited |
| Registered number: |
06806656 |
| Abbreviated Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
33,535 |
|
|
44,713 |
| Tangible assets |
3 |
|
|
221,678 |
|
|
222,942 |
|
|
|
|
255,213 |
|
|
267,655 |
|
| Current assets |
| Debtors |
|
|
123,626 |
|
|
103,518 |
| Cash at bank and in hand |
|
|
224,155 |
|
|
143,864 |
|
|
|
347,781 |
|
|
247,382 |
|
| Creditors: amounts falling due within one year |
|
|
(262,557) |
|
|
(214,357) |
|
| Net current assets |
|
|
|
85,224 |
|
|
33,025 |
|
| Total assets less current liabilities |
|
|
|
340,437 |
|
|
300,680 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(145,854) |
|
|
(158,117) |
|
| Provisions for liabilities |
|
|
|
(2,911) |
|
|
(2,911) |
|
|
| Net assets |
|
|
|
191,672 |
|
|
139,652 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
5 |
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
191,671 |
|
|
139,651 |
|
| Shareholders' funds |
|
|
|
191,672 |
|
|
139,652 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
|
| G Nokes |
| Director |
| Approved by the board on 12 May 2016 |
|
| Bourne Valley Nursery School Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the fair value of consideration receivable, net of value added tax, in the ordinary course of business for services provided. It represents the fair value of services provided under contracts with customers to the extent that there is a right to consideration. It is measured at the fair value of the consideration due. Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based on an appropriate proportion of the total consideration due at completion. |
|
|
Goodwill |
|
Goodwill is initially recorded at cost. |
|
|
Amortisation |
|
Amortisation has been provided at the following rates in order to write off the asset, less its estimated residual value, over its estimated useful life. |
|
|
Goodwill |
Straight line over 10 years |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets, less their estimated residual values, over their estimated useful lives. |
|
|
Leasehold property |
Straight line over 20 years |
|
Motor vehicles |
25% reducing balance |
|
Equipment |
15% reducing balance |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Leasing |
|
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
111,779 |
|
At 31 March 2016 |
111,779 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2015 |
67,066 |
|
Provided during the year |
11,178 |
|
At 31 March 2016 |
78,244 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
33,535 |
|
At 31 March 2015 |
44,713 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
288,820 |
|
Additions |
23,080 |
|
Disposals |
(14,325) |
|
At 31 March 2016 |
297,575 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
65,878 |
|
Charge for the year |
18,483 |
|
On disposals |
(8,464) |
|
At 31 March 2016 |
75,897 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
221,678 |
|
At 31 March 2015 |
222,942 |
|
|
|
|
|
|
|
|
| 4 |
Loans |
2016 |
|
2015 |
| £ |
£ |
|
Creditors include: |
|
Amounts falling due for payment after more than five years |
48,012 |
|
53,076 |
|
Secured bank loans |
156,553 |
|
167,420 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£0.01 each |
|
50 |
|
0.50 |
|
0.50 |
|
B Ordinary shares |
£0.01 each |
|
50 |
|
0.50 |
|
0.50 |
|
|
|
|
|
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Mrs G J Nokes |
|
During the period the company provided interest free loans to it's director. The loans are repayable on demand. |
8,272 |
|
9,238 |
|
(8,272) |
|
9,238 |
|
|
|
8,272 |
|
9,238 |
|
(8,272) |
|
9,238 |
|
|
|
|
|
|
|
|
|
