Sharon Kindergarten iXBRL

Company Number: 08507091

Sharon Kindergarten

(A company limited by guarantee, not having a share capital)

Unaudited Abbreviated Financial Statements

for the year ended 31 August 2016

Sharon Kindergarten

(A company limited by guarantee, not having a share capital)

Company Number: 08507091

ABBREVIATED BALANCE SHEET

as at 31 August 2016

			2016		2015
		Notes	£		£
Fixed Assets

Tangible assets		2	5,645		2,563
			─────────		─────────
Current Assets

Cash at bank and in hand			31,027		25,177
Creditors: Amounts falling due within one year			(9,400)		(6,220)
			─────────		─────────
Net Current Assets			21,627		18,957
			─────────		─────────
Total Assets less Current Liabilities			27,272		21,520
			═════════		═════════
Reserves

Capital reserves and funds			46,751		46,751
Profit and Loss Account			(19,479)		(25,231)
			─────────		─────────
Members' Funds			27,272		21,520
			═════════		═════════
These abbreviated financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

For the financial year ended 31 August 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the year in question in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with Section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 2 May 2017 and signed on its behalf by

________________________________
Mr D Elek
Director

Sharon Kindergarten

(A company limited by guarantee, not having a share capital)

ACCOUNTING POLICIES

for the year ended 31 August 2016

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective January 2015). The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:

-	Fixtures, fittings and equipment	-	20% Straight line
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Sharon Kindergarten

NOTES TO THE ABBREVIATED FINANCIAL STATEMENTS
for the year ended 31 August 2016

1.	OPERATING PROFIT/(LOSS)	2016	2015
		£	£
	Operating profit/(loss) is stated after charging:
	Depreciation of tangible fixed assets	1,838	854
		═════════	═════════

2.	TANGIBLE FIXED ASSETS
		Total
		£
	Cost or Valuation
	At 1 September 2015	4,271
	Additions	4,920
		─────────
	At 31 August 2016	9,191
		─────────
	Depreciation
	At 1 September 2015	1,708
	Charge for the year	1,838
		─────────
	At 31 August 2016	3,546
		─────────
	Net book value
	At 31 August 2016	5,645
		═════════
	At 31 August 2015	2,563
		═════════

3.	STATUS
	The liability of the members is limited. Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members or within one year thereafter for the payment of the debts and liabilities of the company contracted before they ceased to be members and the costs, charges and expenses of winding up and for the adjustment of the rights of the contributors among themselves such amount as may be required, not exceeding £ 2.