ABACUS CHILDRENS NURSERIES LIMITED

		2015		2014
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	2		4,748		5,046

			4,748		5,046
CURRENT ASSETS
Debtors		17,436		24,325
Cash at bank and in hand		90,799		59,286

		108,235		83,611
Creditors: Amounts Falling Due Within One Year		(45,088)		(44,047)

NET CURRENT ASSETS (LIABILITIES)			63,147		39,564

TOTAL ASSETS LESS CURRENT LIABILITIES			67,895		44,610

NET ASSETS			67,895		44,610

CAPITAL AND RESERVES
Called up share capital	3		100		100
Profit and Loss account			67,795		44,510

SHAREHOLDERS' FUNDS			67,895		44,610

For the year ending 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

On behalf of the board

Ms Karen Phillips

27/01/2016

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	over the period of the lease
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance

Tangible Assets


	Total
Cost	£
As at 1 May 2014	470,436
Additions	1,285

As at 30 April 2015	471,721

Depreciation
As at 1 May 2014	465,390
Provided during the period	1,583

As at 30 April 2015	466,973

Net Book Value
As at 30 April 2015	4,748

As at 1 May 2014	5,046

Share Capital

	Value	Number	2015	2014
Allotted, called up and fully paid:	£		£	£
Ordinary shares	1.000	100	100	100