Scribbles Day Nursery (Gorleston) Ltd ABBREVIATED ACCOUNTS COVER
Scribbles Day Nursery (Gorleston) Ltd
Company No. 08732393
Abbreviated Accounts
31 October 2016
Scribbles Day Nursery (Gorleston) Ltd ABBREVIATED BALANCE SHEET
at
31 October 2016
Company No.
08732393
Notes
2016
2015
£
£
Fixed assets
Tangible assets
2
127,264145,624
127,264145,624
Current assets
Debtors
8,3471,089
Cash at bank and in hand
31,3118,674
39,6589,763
Creditors: Amounts falling due within one year
(114,506)
(143,659)
Net current liabilities
(74,848)
(133,896)
Total assets less current liabilities
52,41611,728
Provisions for liabilities
Deferred taxation
-
(4,043)
Net assets
52,4167,685
Capital and reserves
Called up share capital
3
33
Profit and loss account
52,4137,682
Shareholder's funds
52,4167,685
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).
For the year ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 10 July 2017
And signed on its behalf by:
K. Jenkins
Director
10 July 2017
Scribbles Day Nursery (Gorleston) Ltd NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 31 October 2016
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) ["the FRSSE"].
Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Freehold buildings
10% Straight line
Plant and machinery
25% Straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts.
Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a 'finance lease'. Assets held under finance leases, or hire purchase contracts, are recorded in the balance sheet as tangible fixed assets and depreciated over their estimated useful lives or the term of the finance lease or hire purchase contract, whichever is shorter. Future instalments under such finance leases or hire purchase contracts, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account, and the capital element which reduces the outstanding obligation for future instalments.
All other leases are accounted for as 'operating leases' and the rental charges are charged to the profit and loss account on a straight line basis over the life of the lease.
2
Fixed assets
Tangible fixed assets
Total
£
£
Cost or revaluation
At 1 November 2015
179,320
179,320
At 31 October 2016
179,320
179,320
Amortisation
At 1 November 2015
33,696
33,696
Charge for the year
18,360
18,360
At 31 October 2016
52,056
52,056
Net book values
At 31 October 2016
127,264
127,264
At 31 October 2015
145,624
145,624
3
Share Capital
Nominal value
2016
2016
2015
£
Number
£
£
Allotted, called up and fully paid:
Ordinary1.00333
3
3
Scribbles Day Nursery (Gorleston) Ltd0873239331 October 201601 November 2015false10 July 201710 July 2017true087323932015-11-012016-10-31087323932016-10-31087323932015-10-3108732393uk-gaap:ProvisionsForDeferredTaxation2016-10-3108732393uk-gaap:ProvisionsForDeferredTaxation2015-10-3108732393uk-gaap:LandBuildings2015-11-012016-10-3108732393uk-gaap:PlantMachinery2015-11-012016-10-31087323932015-11-0108732393uk-bus:OrdinaryShareClass12015-11-012016-10-3108732393uk-bus:OrdinaryShareClass12016-10-3108732393uk-bus:OrdinaryShareClass12015-10-3108732393uk-bus:Director12015-11-012016-10-31iso4217:GBPxbrli:shares