REGISTERED NUMBER: 05983793 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2017

for

ABC Day Nursery Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs P Hustwick

SECRETARY:

Mrs P Hustwick

REGISTERED OFFICE:

45 Green Moors

Lightmoor Village

Telford

Shropshire

TF4 3TB

REGISTERED NUMBER:

05983793 (England and Wales)

ACCOUNTANTS:

Phillips Ltd

Chartered Accountants

Kingsland House

Stafford Court

Stafford Park 1

Telford

TF3 3BD

FIXED ASSETS

Intangible assets

4

-

6,000

Tangible assets

5

51,521

58,204

51,521

64,204

CURRENT ASSETS

Debtors

6

86,735

100,311

Cash at bank

-

12

86,735

100,323

CREDITORS

Amounts falling due within one year

7

175,403

183,342

NET CURRENT LIABILITIES

(88,668

)

(83,019

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(37,147

)

(18,815

)

CREDITORS

Amounts falling due after more than one year

8

(5,152

)

(8,004

)

PROVISIONS FOR LIABILITIES

(7,844

)

(8,641

)

NET LIABILITIES

(50,143

)

(35,460

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(50,243

)

(35,560

)

SHAREHOLDERS' FUNDS

(50,143

)

(35,460

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 5 April 2018 and were signed by:

Mrs P Hustwick - Director

1.	STATUTORY INFORMATION

ABC Day Nursery 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2016

and 31 October 2017

60,000

AMORTISATION

At 1 November 2016

54,000

Amortisation for year

6,000

At 31 October 2017

60,000

NET BOOK VALUE

At 31 October 2017

-

At 31 October 2016

6,000

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 November 2016

20,535

32,165

129,551

182,251

Additions

-

606

2,169

2,775

At 31 October 2017

20,535

32,771

131,720

185,026

DEPRECIATION

At 1 November 2016

20,535

21,336

82,176

124,047

Charge for year

-

2,602

6,856

9,458

At 31 October 2017

20,535

23,938

89,032

133,505

NET BOOK VALUE

At 31 October 2017

-

8,833

42,688

51,521

At 31 October 2016

-

10,829

47,375

58,204

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade debtors

13,087

15,777

Other debtors

15,232

15,232

Amounts owed by associates

- sales ledger

7,084

12,971

Directors' current accounts

45,083

48,471

Prepayments

6,249

7,860

86,735

100,311

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Bank loans and overdrafts

49,049

30,401

Trade creditors

64,886

81,949

Amounts owed to associates

8,227

1,722

Tax

393

25,162

Social security and other taxes

30,663

28,510

Other creditors

5,090

4,853

Accrued expenses

17,095

10,745

175,403

183,342

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.17

31.10.16

£

£

Bank loans - 1-2 years

5,152

8,004