Abbotswood Day Nursery Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06888974 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Abbotswood Day Nursery Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Miss L Simmons

Miss T Simmons

REGISTERED OFFICE:

14 Home Farm Business Centre

East Tytherley Road

Romsey

Hampshire

SO51 0JT

REGISTERED NUMBER:

06888974 (England and Wales)

ACCOUNTANTS:

Halford and Company Accountants Ltd

14 Home Farm Business Centre

East Tytherley Road

Lockerley

Romsey

Hampshire

SO51 0JT

FIXED ASSETS

Intangible assets

2

45,000

52,500

Tangible assets

3

21,651

26,215

66,651

78,715

CURRENT ASSETS

Debtors

27,401

-

Cash at bank

30,171

30,237

57,572

30,237

CREDITORS

Amounts falling due within one year

64,773

52,118

NET CURRENT LIABILITIES

(7,201

)

(21,881

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

59,450

56,834

CREDITORS

Amounts falling due after more than one
year

(4,097

)

(6,316

)

PROVISIONS FOR LIABILITIES

-

(613

)

NET ASSETS

55,353

49,905

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

55,352

49,904

SHAREHOLDERS' FUNDS

55,353

49,905

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 14 November 2016 and were signed on its behalf
by:

Mrs J M Simmons - 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 services, 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on reducing balance

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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 2015

and 31 March 2016

75,000

AMORTISATION

At 1 April 2015

22,500

Amortisation for year

7,500

At 31 March 2016

30,000

NET BOOK VALUE

At 31 March 2016

45,000

At 31 March 2015

52,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

41,411

Additions

1,448

At 31 March 2016

42,859

DEPRECIATION

At 1 April 2015

15,196

Charge for year

6,012

At 31 March 2016

21,208

NET BOOK VALUE

At 31 March 2016

21,651

At 31 March 2015

26,215

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1

Ordinary

£1

1