Abbreviated Company Accounts - BODMIN AND WADEBRIDGE RAILWAY COMPANY LIMITED

Abbreviated Company Accounts - BODMIN AND WADEBRIDGE RAILWAY COMPANY LIMITED

BODMIN AND WADEBRIDGE RAILWAY COMPANY LIMITED - Company Information

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Registered Number 02721009

BODMIN AND WADEBRIDGE RAILWAY COMPANY LIMITED

Abbreviated Accounts

30 September 2014

BODMIN AND WADEBRIDGE RAILWAY COMPANY LIMITED Registered Number 02721009

Abbreviated Balance Sheet as at 30 September 2014

Notes 2014 2013
£ £
Current assets
Debtors 44 44
Cash at bank and in hand 879 1,334
923 1,378
Creditors: amounts falling due within one year (320) (300)
Net current assets (liabilities) 603 1,078
Total assets less current liabilities 603 1,078
Total net assets (liabilities) 603 1,078
Capital and reserves
Called up share capital 582 582
Profit and loss account 21 496
Shareholders' funds 603 1,078
  • For the year ending 30 September 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 January 2015

And signed on their behalf by:
P G Fitzgerald OBE DL, Director

BODMIN AND WADEBRIDGE RAILWAY COMPANY LIMITED Registered Number 02721009

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Going concern:
The financial statements have been prepared on a going concern basis.

Turnover policy
Turnover represents amounts in respect of donations received.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Asset Class: Office equipment - Depreciation method and rate: 4 years straight line basis

Other accounting policies
Financial instruments:
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.