Adventure Childcare Limited - Period Ending 2015-08-31

Registration number: 08003919

Adventure Childcare Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2015
 

River View Tax & Accountancy Ltd
Chartered Management Accountant
River View
114a Charlton Village
Andover
Hampshire
SP10 4AH

Adventure Childcare Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 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 Management Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Adventure Childcare Limited
for the Year Ended 31 August 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Adventure Childcare Limited for the year ended 31 August 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practicing member of the Chartered Institute of Management Accountants (CIMA) and the Chartered Institute of Taxation (CIoT), we are subject to their ethical and other professional requirements which are detailed at http://www.cimaglobal.com and http://www.tax.org.uk..

This report is made solely to the Board of Directors of Adventure Childcare Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken so that we might compile the financial stataments that we have been engaged to compile, report to the Board of Directors of Adventure Childcare Limited that we have done so, and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Adventure Childcare Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Adventure Childcare 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 Adventure Childcare Limited. You consider that Adventure Childcare 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 Adventure Childcare 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 statutory accounts.

......................................
Gemma Merritt ACMA CTA

River View Tax & Accountancy Ltd
Chartered Management Accountant
River View
114a Charlton Village
Andover
Hampshire
SP10 4AH

29 May 2016

Page 1

Adventure Childcare Limited
(Registration number: 08003919)
at 31 August 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					87,097			83,275
Current assets
Debtors					4,321			4,749
Cash at bank and in hand					25,948			17,221
					30,269			21,970
Creditors: Amounts falling due within one year					(19,761)			(18,460)
Net current assets					10,508			3,510
Total assets less current liabilities					97,605			86,785
Creditors: Amounts falling due after more than one year					(34,240)			(36,135)
Provisions for liabilities					(2,047)			(1,282)
Net assets					61,318			49,368
Capital and reserves
Called up share capital		4			2			2
Profit and loss account					61,316			49,366
Shareholders' funds					61,318			49,368

For the year ending 31 August 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 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 May 2016 and signed on its behalf by:

.........................................
 Mr Dominic Haydn-Davies
 Director

.........................................
 Mrs Fiona Haydn-Davies
 Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Adventure Childcare Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 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 in respect of the sale of goods and services to customers.

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
Computer and Office Equipment	33.33% straight line basis.
Pre-School Equipment	33.33% straight line basis.
Land	No depreciation is accounted for.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Adventure Childcare Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2014		88,432			88,432
Additions		8,843			8,843
At 31 August 2015		97,275			97,275
Depreciation
At 1 September 2014		5,157			5,157
Charge for the year		5,021			5,021
At 31 August 2015		10,178			10,178
Net book value
At 31 August 2015		87,097			87,097
At 31 August 2014		83,275			83,275

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		2015 £			2014 £
After more than five years by instalments		25,602			27,932

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinarys Shares of £1 each		2			2			2			2

Page 4

Adventure Childcare Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

5	Related party transactions

Directors' advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
Mr Dominic Haydn-Davies
Amount owed to/(from) Director by company B/Fwd	(1,453)	(1,453)	17	17
Personal income paid into company	2,971	1,453	1,530	1,530
Loans made to company during period	-	-	10,000	10,000
Dividends declared in favour of director	9,000	4,500	11,000	11,000
Withdrawals from loan account during period	(4,500)	(4,500)	(24,000)	(22,547)
	6,018	-	(1,453)	-
Mrs Fiona Haydn-Davies
Amount owed to Director by company B/fwd	17	-	17	-
Dividends declared in favour of Director	9,000	6,500	11,000	11,000
Withdrawals from loan account during period	(6,500)	(6,500)	(11,000)	(11,000)
	2,517	-	17	-

Page 5