ABACUS CHILDRENS NURSERIES LIMITED

		2014		2013
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	2		5,046		11,540

			5,046		11,540
CURRENT ASSETS
Debtors		24,325		25,284
Cash at bank and in hand		59,286		9,121

		83,611		34,405
Creditors: Amounts Falling Due Within One Year		(44,047)		(14,890)

NET CURRENT ASSETS (LIABILITIES)			39,564		19,515

TOTAL ASSETS LESS CURRENT LIABILITIES			44,610		31,055

NET ASSETS			44,610		31,055

CAPITAL AND RESERVES
Called up share capital	3		100		100
Profit and Loss account			44,510		30,955

SHAREHOLDERS' FUNDS			44,610		31,055

For the year ending 30 April 2014 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 Linda Manning

26/01/2015

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:

Freehold	20% straight line
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance

Tangible Assets


	Total
Cost	£
As at 1 May 2013	483,431
Disposals	(12,995)

As at 30 April 2014	470,436

Depreciation
As at 1 May 2013	471,891
Provided during the period	1,879
Disposals	(8,380)

As at 30 April 2014	465,390

Net Book Value
As at 30 April 2014	5,046

As at 1 May 2013	11,540

Share Capital

	Value	Number	2014	2013
Allotted, called up and fully paid:	£		£	£
Ordinary shares	1.000	100	100	100