REGISTERED NUMBER: 03722306 (England and Wales)

ABC RAINBOW DAY NURSERIES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs M C M Argentieri

SECRETARY:

Mr L F Argentieri

REGISTERED OFFICE:

15 High Street

Brackley

Northamptonshire

NN13 7DH

REGISTERED NUMBER:

03722306 (England and Wales)

ACCOUNTANTS:

Blencowes

15 High Street

Brackley

Northamptonshire

NN13 7DH

FIXED ASSETS

Intangible assets

2

1

1

Tangible assets

3

581,312

441,004

581,313

441,005

CURRENT ASSETS

Debtors

116,063

141,322

Cash at bank and in hand

53,083

72,339

169,146

213,661

CREDITORS

Amounts falling due within one year

555,850

530,628

NET CURRENT LIABILITIES

(386,704

)

(316,967

)

TOTAL ASSETS LESS CURRENT LIABILITIES

194,609

124,038

PROVISIONS FOR LIABILITIES

13,629

-

NET ASSETS

180,980

124,038

CAPITAL AND RESERVES

Called up share capital

4

2

2

Retained earnings

180,978

124,036

SHAREHOLDERS' FUNDS

180,980

124,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 August 2016 and were signed by:

Mrs M C M Argentieri - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

50% on reducing balance

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or

a right to pay less or to receive more tax, with the following exceptions: Deferred tax assets are recognised only

to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits

from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance

sheet date.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

61,600

AMORTISATION

At 1 April 2015

and 31 March 2016

61,599

NET BOOK VALUE

At 31 March 2016

1

At 31 March 2015

1

3.	PROPERTY, PLANT AND EQUIPMENT

Total

£

COST

At 1 April 2015

497,281

Additions

146,239

At 31 March 2016

643,520

DEPRECIATION

At 1 April 2015

56,277

Charge for year

5,931

At 31 March 2016

62,208

NET BOOK VALUE

At 31 March 2016

581,312

At 31 March 2015

441,004

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2