REGISTERED NUMBER: 07430884 (England and Wales)

ST GEORGE'S PREPARATORY SCHOOL LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

M Whelan

Mrs S Whelan

SECRETARY:

Mrs S Whelan

REGISTERED OFFICE:

Witham Grove

Fenside Road

Boston

Lincolnshire

PE21 8BL

REGISTERED NUMBER:

07430884 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

The Old Vicarage

Church Close

Boston

Lincolnshire

PE21 6NA

FIXED ASSETS

Intangible assets

2

7,200

1,001

Tangible assets

3

5,728

5,873

12,928

6,874

CURRENT ASSETS

Stocks

2,000

6,845

Debtors

13,904

-

Cash at bank

6,871

-

22,775

6,845

CREDITORS

Amounts falling due within one year

32,107

18,960

NET CURRENT LIABILITIES

(9,332

)

(12,115

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,596

(5,241

)

CREDITORS

Amounts falling due after more than one year

(1,118

)

(5,581

)

PROVISIONS FOR LIABILITIES

(1,146

)

-

NET ASSETS/(LIABILITIES)

1,332

(10,822

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

1,330

(10,824

)

SHAREHOLDERS' FUNDS

1,332

(10,822

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 11 June 2014 and were signed on its behalf by:

M Whelan - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

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

-

20% on cost

Fixtures and fittings

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2012

1,001

Additions

9,000

At 31 August 2013

10,001

AMORTISATION

Amortisation for year

2,801

At 31 August 2013

2,801

NET BOOK VALUE

At 31 August 2013

7,200

At 31 August 2012

1,001

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2012

6,687

Additions

654

At 31 August 2013

7,341

DEPRECIATION

At 1 September 2012

814

Charge for year

799

At 31 August 2013

1,613

NET BOOK VALUE

At 31 August 2013

5,728

At 31 August 2012

5,873

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

2

Ordinary

£1

2

2

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2013 and

31 August 2012:

2013

2012

£

£

M Whelan and Mrs S Whelan

Balance outstanding at start of year

-

-

Amounts advanced

1,480

-

Amounts repaid

-

-

Balance outstanding at end of year

1,480

-