Company Registration No. 4707859 (England and Wales)
Abacus Kindergarten Limited
Unaudited accounts
for the year ended 31 March 2017
Abacus Kindergarten Limited
Unaudited accounts
Contents
Abacus Kindergarten Limited
Company Information
for the year ended 31 March 2017
Directors
Sharon Petgrave
Ernest Petgrave
Company Number
4707859 (England and Wales)
Registered Office
41 Oldfields Road
Sutton
Surrey
SM1 2NB
Accountants
Blythe & Co
41 Oldfields Road
Sutton
Surrey
SM1 2NB
Abacus Kindergarten Limited
Statement of financial position
as at 31 March 2017
Intangible assets
14,000
14,000
Cash at bank and in hand
84,947
168,587
Creditors: amounts falling due within one year
(246,621)
(255,718)
Net current liabilities
(161,674)
(12,873)
Called up share capital
200
200
Profit and loss account
387,926
927
Shareholders' funds
388,126
1,127
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 11 December 2017.
Sharon Petgrave
Director
Company Registration No. 4707859
Abacus Kindergarten Limited
Notes to the Accounts
for the year ended 31 March 2017
Abacus Kindergarten Limited is a private company, limited by shares, registered in England and Wales, registration number 4707859. The registered office is 41 Oldfields Road, Sutton, Surrey, SM1 2NB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
4
Intangible fixed assets
Goodwill
Abacus Kindergarten Limited
Notes to the Accounts
for the year ended 31 March 2017
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2016
-
21,793
21,793
Additions
535,800
-
535,800
At 31 March 2017
535,800
21,793
557,593
At 1 April 2016
-
21,793
21,793
At 31 March 2017
-
21,793
21,793
At 31 March 2017
535,800
-
535,800
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Creditors: amounts falling due within one year
2017
2016
Taxes and social security
243,621
152,718
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
100 Ordinary B shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 62 (2016: 57).