Company Registration No. 04614339 (England and Wales)
WELL PLACE DAY NURSERY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
PAGES FOR FILING WITH REGISTRAR
WELL PLACE DAY NURSERY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
WELL PLACE DAY NURSERY LIMITED
BALANCE SHEET
AS AT 31 MARCH 2020
31 March 2020
- 1 -
2020
2019
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,868
2,492
Current assets
Debtors
4
13,693
13,878
Cash at bank and in hand
66,980
84,180
80,673
98,058
Creditors: amounts falling due within one year
5
(35,718)
(40,896)
Net current assets
44,955
57,162
Total assets less current liabilities
46,823
59,654
Capital and reserves
Called up share capital
6
102
102
Profit and loss reserves
46,721
59,552
Total equity
46,823
59,654
In accordance with section 444 of the Companies Act 2006 all
of
the members of the company have consented to the
preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (S.I. 2008/409)(b).
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
WELL PLACE DAY NURSERY LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2020
31 March 2020
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 18 December 2020 and are signed on its behalf by:
R S Brown
C E Brown
Director
Director
Company Registration No. 04614339
WELL PLACE DAY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
- 3 -
1
Accounting policies
Company information
Well Place Day Nursery Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Highlands House, Holtye common, Cowden, Edenbridge, TN8 7ED.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable for services net of VAT.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
25% reducing balance
Computer equipment
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Cash at bank and in hand
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
WELL PLACE DAY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2020
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2020
2019
Number
Number
Total
16
14
3
Tangible fixed assets
Total
£
Cost
At 1 April 2019 and 31 March 2020
41,500
Depreciation and impairment
At 1 April 2019
39,009
Depreciation charged in the year
623
At 31 March 2020
39,632
Carrying amount
At 31 March 2020
1,868
At 31 March 2019
2,492
4
Debtors
2020
2019
Amounts falling due within one year:
£
£
Other debtors
12,365
12,366
Prepayments and accrued income
1,328
1,513
13,693
13,879
5
Creditors: amounts falling due within one year
2020
2019
£
£
Corporation tax
20,512
26,130
Other creditors
15,208
14,766
35,720
40,896
WELL PLACE DAY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2020
- 5 -
6
Called up share capital
2020
2019
2020
2019
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Share Capital of £1 each
2
2
2
2
A Shares of £1 each
100
100
100
100
102
102
102
102
7
Control
Mr RS Brown and Mrs CE Brown are the ultimate controlling parties by virtue of their shareholdings in the company.