Yellow Brick Road Daycare Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07887791 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

YELLOW BRICK ROAD DAYCARE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs M Delicata

L A Delicata

REGISTERED OFFICE:

High Street

Metheringham

Lincolnshire

LN4 3EA

REGISTERED NUMBER:

07887791 (England and Wales)

ACCOUNTANTS:

Russell Payne & Co Limited

Landmark House

1 Riseholme Road

Lincoln

Lincolnshire

LN1 3SN

FIXED ASSETS

Intangible assets

2

8,500

17,000

Tangible assets

3

249,997

248,723

258,497

265,723

CURRENT ASSETS

Stocks

5,500

11,500

Debtors

2,236

4,192

7,736

15,692

CREDITORS

Amounts falling due within one year

265,518

280,360

NET CURRENT LIABILITIES

(257,782

)

(264,668

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

715

1,055

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

615

955

SHAREHOLDERS' FUNDS

715

1,055

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 28 September 2016 and were signed on its behalf
by:

Mrs M Delicata - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five 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

-

2% on cost

Improvements to property

-

20% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

42,504

AMORTISATION

At 1 January 2015

25,504

Amortisation for year

8,500

At 31 December 2015

34,004

NET BOOK VALUE

At 31 December 2015

8,500

At 31 December 2014

17,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

279,757

Additions

13,701

At 31 December 2015

293,458

DEPRECIATION

At 1 January 2015

31,034

Charge for year

12,427

At 31 December 2015

43,461

NET BOOK VALUE

At 31 December 2015

249,997

At 31 December 2014

248,723

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100