Company Registration No. 04503973 (England and Wales)
THE ACADEMY DAY NURSERY (NOTTINGHAM) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
THE ACADEMY DAY NURSERY (NOTTINGHAM) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
THE ACADEMY DAY NURSERY (NOTTINGHAM) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
388,992
355,754
Current assets
Debtors
6,379
5,915
Cash at bank and in hand
230
96,228
6,609
102,143
Creditors: amounts falling due within one year
(90,142)
(95,428)
Net current liabilities/(assets)
(83,533)
6,715
Total assets less current liabilities
305,459
362,469
Creditors: amounts falling due after more than one year
(85,833)
(118,538)
Provisions for liabilities
(1,508)
(1,931)
Accruals and deferred income
(63,594)
(61,072)
154,524
180,928
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
154,522
180,926
Shareholder's funds
154,524
180,928
THE ACADEMY DAY NURSERY (NOTTINGHAM) LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2016
31 August 2016
- 2 -
For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 31 May 2017
Miss D Simon
Director
Company Registration No. 04503973
THE ACADEMY DAY NURSERY (NOTTINGHAM) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
5% straight line
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
15% reducing balance
1.5
Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2015
602,047
Additions
57,100
At 31 August 2016
659,147
Depreciation
At 1 September 2015
246,293
Charge for the year
23,862
At 31 August 2016
270,155
Net book value
At 31 August 2016
388,992
At 31 August 2015
355,754
THE ACADEMY DAY NURSERY (NOTTINGHAM) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary Shares of £1 each
2
2