Registration number:
FINANCIAL PERIOD DATA REFRESH REQUIRED
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ABC Kindergarten Limited
trading as
for the Year Ended 31 March 2017
Chartered Accountants
8c High Street
Southampton
Hampshire
SO14 2DH
ABC Kindergarten Limited
trading as ABC Kindergarten Limited
Contents
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Company Information |
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Directors' Report |
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Accountants' Report |
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Abridged Profit and Loss Account |
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Statement of Comprehensive Income |
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Abridged Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Abridged Financial Statements |
ABC Kindergarten Limited
trading as ABC Kindergarten Limited
Company Information
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Directors |
Ms Gisella O'Carroll Dr Jeffrey John O' Carroll |
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Company secretary |
Power Secretaries Ltd |
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Registered office |
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Accountants |
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Page 1 |
ABC Kindergarten Limited
trading as ABC Kindergarten Limited
Directors' Report for the Year Ended 31 March 2017
The directors present their report and the abridged financial statements for the year ended 31 March 2017.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is Provision of Dental Services
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
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Page 2 |
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
ABC Kindergarten Limited
trading as ABC Kindergarten Limited
for the Year Ended 31 March 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ABC Kindergarten Limited for the year ended 31 March 2017 as set out on pages 4 to 14 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of ABC Kindergarten Limited, as a body, in accordance with the terms of our engagement letter dated 11 August 2005. Our work has been undertaken solely to prepare for your approval the accounts of ABC Kindergarten Limited and state those matters that we have agreed to state to the Board of Directors of ABC Kindergarten Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ABC Kindergarten Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ABC Kindergarten Limited 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 ABC Kindergarten Limited. You consider that ABC Kindergarten Limited 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 ABC Kindergarten Limited. 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.
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Chartered Accountants
Southampton
Hampshire
SO14 2DH
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Page 3 |
ABC Kindergarten Limited
trading as ABC Kindergarten Limited
Abridged Profit and Loss Account for the Year Ended 31 March 2017
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Note |
2017 |
2016 |
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Gross profit |
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Administrative expenses |
( |
( |
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Interest payable and similar expenses |
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Profit before tax |
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Taxation |
( |
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Profit for the financial year |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
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Page 4 |
ABC Kindergarten Limited
trading as ABC Kindergarten Limited
Statement of Comprehensive Income for the Year Ended 31 March 2017
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2017 |
2016 |
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Profit for the year |
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Total comprehensive income for the year |
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Page 5 |
ABC Kindergarten Limited
trading as ABC Kindergarten Limited
(Registration number: 03186579)
Abridged Balance Sheet as at 31 March 2017
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Note |
2017 |
2016 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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- |
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Investments |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets/(liabilities) |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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( |
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Accruals and deferred income |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial 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.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
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Page 6 |
ABC Kindergarten Limited
trading as ABC Kindergarten Limited
(Registration number: 03186579)
Abridged Balance Sheet as at 31 March 2017
Approved and authorised by the
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Page 7 |
ABC Kindergarten Limited
trading as ABC Kindergarten Limited
Statement of Changes in Equity for the Year Ended 31 March 2017
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Share capital |
Profit and loss account |
Total |
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At 1 April 2016 |
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Profit for the year |
- |
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Total comprehensive income |
- |
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Dividends |
- |
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At 31 March 2017 |
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Share capital |
Profit and loss account |
Total |
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At 1 April 2015 |
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Profit for the year |
- |
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Total comprehensive income |
- |
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Dividends |
- |
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( |
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At 31 March 2016 |
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Page 8 |
ABC Kindergarten Limited
trading as ABC Kindergarten Limited
Notes to the Abridged Financial Statements for the Year Ended 31 March 2017
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General information |
The company is a private company limited by share capital, incorporated in United Kingdom .
The address of its registered office is:
England
The principal place of business is:
194 Clarence Road
Fleet
Hampshire
GU51 3XP
England
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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Page 9 |
ABC Kindergarten Limited
trading as ABC Kindergarten Limited
Notes to the Abridged Financial Statements for the Year Ended 31 March 2017
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
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Asset class |
Depreciation method and rate |
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Plant and Machinery |
25% Reducing balance |
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Amortisation
Not conducted
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Asset class |
Amortisation method and rate |
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Goodwill |
Not amortised |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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Page 10 |
ABC Kindergarten Limited
trading as ABC Kindergarten Limited
Notes to the Abridged Financial Statements for the Year Ended 31 March 2017
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Page 11 |
ABC Kindergarten Limited
trading as ABC Kindergarten Limited
Notes to the Abridged Financial Statements for the Year Ended 31 March 2017
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Profit before tax |
Arrived at after charging/(crediting)
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2017 |
2016 |
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Depreciation expense |
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Intangible assets |
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Total |
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Cost or valuation |
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At 1 April 2016 |
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At 31 March 2017 |
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Amortisation |
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Carrying amount |
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At 31 March 2017 |
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At 31 March 2016 |
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The aggregate amount of research and development expenditure recognised as an expense during the period is £Nil (2016 - £Nil).
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Page 12 |
ABC Kindergarten Limited
trading as ABC Kindergarten Limited
Notes to the Abridged Financial Statements for the Year Ended 31 March 2017
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Tangible assets |
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Land and buildings |
Other tangible assets |
Total |
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Cost or valuation |
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At 1 April 2016 |
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Additions |
- |
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At 31 March 2017 |
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Depreciation |
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At 1 April 2016 |
- |
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Charge for the year |
- |
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At 31 March 2017 |
- |
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Carrying amount |
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At 31 March 2017 |
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At 31 March 2016 |
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Included within the net book value of land and buildings above is £168,259 (2016 - £168,259) in respect of freehold land and buildings.
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Stocks |
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2017 |
2016 |
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Other inventories |
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Current asset investments |
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2017 |
2016 |
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Other investments |
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Share capital |
Allotted, called up and fully paid shares
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2017 |
2016 |
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No. |
£ |
No. |
£ |
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5,000 |
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5,000 |
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Page 13 |
ABC Kindergarten Limited
trading as ABC Kindergarten Limited
Notes to the Abridged Financial Statements for the Year Ended 31 March 2017
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Dividends |
The directors are proposing a final dividend of £Nil (2016 - £Nil) per share totalling £Nil (2016 - £Nil). This dividend has not been accrued in the Balance Sheet.
Final dividends paid
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2017 |
2016 |
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Final dividend of £ |
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Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £
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Related party transactions |
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Transactions with directors |
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2017 |
At 1 April 2016 |
Advances to directors |
At 31 March 2017 |
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Ms Gisella O'Carroll |
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The following amount it owed to the director by the company |
32,322 |
( |
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Dr Jeffrey John O' Carroll |
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The following amount is owed to the director by the company |
32,322 |
( |
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2016 |
At 1 April 2015 |
Advances to directors |
At 31 March 2016 |
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Ms Gisella O'Carroll |
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The following amount it owed to the director by the company |
58,302 |
( |
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Dr Jeffrey John O' Carroll |
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The following amount is owed to the director by the company |
58,302 |
( |
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Directors' remuneration
The directors' remuneration for the year was as follows:
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2017 |
2016 |
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Remuneration |
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Page 14 |