Company Registration No. 8458639 (England and Wales)
Ahoy Childcare Limited
Unaudited accounts
for the year ended 31 March 2018
Ahoy Childcare Limited
Unaudited accounts
Contents
Ahoy Childcare Limited
Company Information
for the year ended 31 March 2018
Directors
Janeen Claire Hall
Eliza Lynn Austin Hall
Company Number
8458639 (England and Wales)
Registered Office
All Aboard Pre-School
Hooe Primary Academy
Plymouth
PL9 9RG
Accountants
PBS Accounting
Falcon Business Centre
Eagle Road, Plympton
Plymouth
Devon
PL7 5JY
Ahoy Childcare Limited
Accountants' report
Accountants' report to the board of directors of Ahoy Childcare Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Ahoy Childcare Limited for the year ended
31 March 2018 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Ahoy Childcare Limited, as a body, in accordance with the terms of our engagement letter dated 14 March 2017. Our work has been undertaken solely to prepare for your approval the accounts of Ahoy Childcare Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ahoy Childcare Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Ahoy Childcare Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ahoy Childcare Limited. You consider that Ahoy Childcare 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 accounts of Ahoy Childcare 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.
PBS Accounting
Falcon Business Centre
Eagle Road, Plympton
Plymouth
Devon
PL7 5JY
17 October 2018
Ahoy Childcare Limited
Statement of financial position
as at
31 March 2018
Tangible assets
95,623
102,586
Cash at bank and in hand
12,679
9,395
Creditors: amounts falling due within one year
(61,508)
(70,936)
Net current liabilities
(47,925)
(60,496)
Total assets less current liabilities
47,698
42,090
Provisions for liabilities
Deferred tax
(1,716)
(2,286)
Called up share capital
100
100
Profit and loss account
45,882
39,704
Shareholders' funds
45,982
39,804
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 24 October 2018.
Janeen Claire Hall
Director
Company Registration No. 8458639
Ahoy Childcare Limited
Notes to the Accounts
for the year ended 31 March 2018
Ahoy Childcare Limited is a private company, limited by shares, registered in England and Wales, registration number 8458639. The registered office is All Aboard Pre-School, Hooe Primary Academy, Plymouth, PL9 9RG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over the life of leasehold of 25 years commencing 2013
Fixtures & fittings
20% Straight Line
Computer equipment
25% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
After making enquiries and despite the current uncertain economic outlook, the directors have a
reasonable expectation that the company has adequate resources for the foreseeable future. Accordingly,
they continue to adopt the going concern basis in preparing the annual reports and accounts.
Ahoy Childcare Limited
Notes to the Accounts
for the year ended 31 March 2018
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2017
102,591
24,474
-
127,065
Additions
-
1,948
599
2,547
At 31 March 2018
102,591
26,422
599
129,612
At 1 April 2017
11,457
13,022
-
24,479
Charge for the year
4,340
5,050
120
9,510
At 31 March 2018
15,797
18,072
120
33,989
At 31 March 2018
86,794
8,350
479
95,623
At 31 March 2017
91,134
11,452
-
102,586
Accrued income and prepayments
93
93
6
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
8,847
-
Trade creditors
1,686
3,286
Taxes and social security
8,389
5,484
Other creditors
10,399
18,592
Loans from directors
31,052
37,726
7
Deferred taxation
2018
2017
Accelerated capital allowances
1,716
2,286
Provision at start of year
2,286
1,963
(Credited)/charged to the profit and loss account
(570)
323
Provision at end of year
1,716
2,286
Ahoy Childcare Limited
Notes to the Accounts
for the year ended 31 March 2018
8
Share capital
2018
2017
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Operating lease commitments
2018
2017
At 31 March 2018 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
-
1,587
10
Average number of employees
During the year the average number of employees was 10 (2017: 10).
11
Reconciliations on adoption of FRS 102