REGISTERED NUMBER: 04831901 (England and Wales)

ABC NURSERIES (COVENTRY) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S L Ginn

SECRETARY:

M Pyner

REGISTERED OFFICE:

20 Rochester Road

Earlsdon

Coventry

West Midlands

CV5 6AD

REGISTERED NUMBER:

04831901 (England and Wales)

ACCOUNTANTS:

Burrows Scarborough

Sovereign House

12 Warwick Street

Coventry

West Midlands

CV5 6ET

BANKERS:

HSBC

Po Box 24

55 Corporation Street

Coventry

West Midlands

CV1 1QJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

79,485

83,133

79,485

83,133

CURRENT ASSETS

Debtors

2,315

94,693

Prepayments and accrued income

1,286

-

Cash at bank and in hand

54,113

58,227

57,714

152,920

CREDITORS

Amounts falling due within one year

37,977

39,187

NET CURRENT ASSETS

19,737

113,733

TOTAL ASSETS LESS CURRENT LIABILITIES

99,222

196,866

PROVISIONS FOR LIABILITIES

(14,929

)

-

ACCRUALS AND DEFERRED INCOME

(2,200

)

(2,200

)

NET ASSETS

82,093

194,666

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

81,993

194,566

82,093

194,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 13 March 2018 and were signed by:

S L Ginn - Director

1.	STATUTORY INFORMATION

ABC Nurseries (Coventry) Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information

page.

The presentation currency of the financial statements is the Pound Sterling (£).

The financial statements are rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced services, excluding value added tax.

Goodwill

Goodwill has been fully amortised.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated

impairment losses. Cost includes costs directly attributable to making the asset capable of operating as

intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated

residual value, of each asset on a systematic basis over its expected useful life as follows:

Improvements to property - 5% on cost

Fixtures and fittings - 15% reducing balance

Computer Equipment - 33% on cost

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each

balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash

generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its

recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued

amount where the impairment loss is a revaluation decrease.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the

current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax

rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax represents the future tax consequences of transactions and events recognised in the financial

statements of current and previous periods. It is recognised in respect of all timing differences, with certain

exceptions. Timing differences are differences between taxable profits and total comprehensive income as

stated in the financial statements that arise from the inclusion of income and expense in tax assessments in

periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and

other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against

the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the

balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued

non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances

that apply to the sale of the asset.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

Leases

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2016

and 31 July 2017

30,003

AMORTISATION

At 1 August 2016

and 31 July 2017

30,003

NET BOOK VALUE

At 31 July 2017

-

At 31 July 2016

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2016

121,988

Additions

5,971

At 31 July 2017

127,959

DEPRECIATION

At 1 August 2016

38,855

Charge for year

9,619

At 31 July 2017

48,474

NET BOOK VALUE

At 31 July 2017

79,485

At 31 July 2016

83,133

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid

Number:

Class:

Nominal

2017

2016

Value:

£

£

250

A Ordinary

10p

25

25

250

B Ordinary

10p

25

25

250

C Ordinary

10p

25

25

250

D Ordinary

10p

25

25

The 250 redeemable A shares may be redeemed at par at any time in whole or in part at the option of the

company.

7.	RELATED PARTY DISCLOSURES

8.	FIRST YEAR ADOPTION

The company has adopted FRS 102 1A for the first time for the year commencing 1st August 2016. There has

been no restatement of opening balances or comparative balances as a result of the change to the new

accounting framework.