Company Registration No. 02781591 (England and Wales)
THE GOSLINGS NURSERY SCHOOL LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
THE GOSLINGS NURSERY SCHOOL LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
THE GOSLINGS NURSERY SCHOOL LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE
UNAUDITED STATUTORY ACCOUNTS OF THE GOSLINGS NURSERY SCHOOL LIMITED
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006,
we
have prepared for your approval the financial statements of THE GOSLINGS NURSERY SCHOOL LIMITED for the year ended 31 August 2015 set out on pages 3 to 8 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, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made solely to the Board of Directors of THE GOSLINGS NURSERY SCHOOL LIMITED, as a body, in accordance with the terms of our engagement letter dated 3 February 2003. Our work has been undertaken solely to prepare for your approval the financial statements of THE GOSLINGS NURSERY SCHOOL LIMITED and state those matters that we have agreed to state to the Board of Directors of THE GOSLINGS NURSERY SCHOOL LIMITED, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants in England and Wales as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than THE GOSLINGS NURSERY SCHOOL LIMITED and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that THE GOSLINGS NURSERY SCHOOL LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of THE GOSLINGS NURSERY SCHOOL LIMITED. You consider that THE GOSLINGS NURSERY SCHOOL 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 financial statements of THE GOSLINGS NURSERY SCHOOL 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.
Heather & Co Ltd
25 February 2016
Chartered Accountants
Longlac
White House Lane
Jacobs Well
Guildford
Surrey
GU4 7PT
THE GOSLINGS NURSERY SCHOOL LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2015
31 August 2015
- 2 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
3,795
4,583
Current assets
Stocks
150
400
Debtors
1,472
561
Cash at bank and in hand
13,527
28,242
15,149
29,203
Creditors: amounts falling due within one year
(7,099)
(11,214)
Net current assets
8,050
17,989
Total assets less current liabilities
11,845
22,572
Provisions for liabilities
(759)
(917)
11,086
21,655
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
10,986
21,555
Shareholders' funds
11,086
21,655
For the financial year ended 31 August 2015 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 of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 25 February 2016
Mrs L Oddy
Director
Company Registration No. 02781591
THE GOSLINGS NURSERY SCHOOL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
- 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 April 2008).
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. Fees paid in advance for terms commencing after the year end are accounted for as deferred income.
1.4
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 less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
15% - 33.33% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2014 & at 31 August 2015
12,037
Depreciation
At 1 September 2014
7,454
Charge for the year
788
At 31 August 2015
8,242
Net book value
At 31 August 2015
3,795
At 31 August 2014
4,583
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
THE GOSLINGS NURSERY SCHOOL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2015
- 4 -
4
Related party relationships and transactions
Loans to directors
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
L Oddy
-
-
776
-
-
776
-
776
-
-
776
The Directors loan was repaid in September 2015.