Bungalow Day Nursery Ltd - Period Ending 2016-10-31

Registration number: 06677284

Bungalow Day Nursery Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2016
 

Axis Corporate Solutions Limited
Chartered Certified Accountants
Jordangate House
Jordangate
Macclesfield
Cheshire
SK10 1EQ

Bungalow Day Nursery Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

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 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Bungalow Day Nursery Ltd
for the Year Ended 31 October 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bungalow Day Nursery Ltd for the year ended 31 October 2016 set out on pages 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://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Bungalow Day Nursery Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Bungalow Day Nursery Ltd 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 Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bungalow Day Nursery Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Bungalow Day Nursery Ltd 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 Bungalow Day Nursery Ltd. You consider that Bungalow Day Nursery Ltd 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 Bungalow Day Nursery Ltd. 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.

......................................

Axis Corporate Solutions Limited
Chartered Certified Accountants
Jordangate House
Jordangate
Macclesfield
Cheshire
SK10 1EQ

18 January 2017

Page 1

Bungalow Day Nursery Ltd
(Registration number: 06677284)
Abbreviated Balance Sheet at 31 October 2016

		Note			2016 £			2015 £
Fixed assets
Intangible fixed assets					24,000			32,000
Tangible fixed assets					4,070			4,940
					28,070			36,940
Current assets
Cash at bank and in hand					165,509			148,121
Creditors: Amounts falling due within one year					(79,535)			(47,032)
Net current assets					85,974			101,089
Total assets less current liabilities					114,044			138,029
Creditors: Amounts falling due after more than one year					(48,000)			(48,000)
Net assets					66,044			90,029
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					65,944			89,929
Shareholders' funds					66,044			90,029

For the year ending 31 October 2016 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 18 January 2017 and signed on its behalf by:

.........................................
Mrs S Hooper
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Bungalow Day Nursery Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... 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 January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	10% Straight line basis

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
Plant and machinery	20% Reducing balance basis
Property Improvements	15% Reducing balance basis

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

Bungalow Day Nursery Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 November 2015		80,000			18,757			98,757
At 31 October 2016		80,000			18,757			98,757
Depreciation
At 1 November 2015		48,000			13,817			61,817
Charge for the year		8,000			870			8,870
At 31 October 2016		56,000			14,687			70,687
Net book value
At 31 October 2016		24,000			4,070			28,070
At 31 October 2015		32,000			4,940			36,940

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each		100			100			100			100

Page 4