Stewartby Water Sports Club Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01035387 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Stewartby Water Sports Club Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

T J Fossey

P W Fox

Mrs R M Ivory

Mrs S P Keay

M A Powell

D J Smith

Mrs M Warwick

J Brewer

J Folkard

G V Howcroft

SECRETARY:

P W Fox

REGISTERED OFFICE:

P O Box 369

Stewartby

Bedford

MK43 9PG

REGISTERED NUMBER:

01035387 (England and Wales)

ACCOUNTANTS:

Castlemaine Associates LLP

Millennium House

Lime Kiln Way

Lincoln

Lincolnshire

LN2 4US

FIXED ASSETS

Tangible assets

2

14,986

18,756

CURRENT ASSETS

Stocks

1,955

2,100

Debtors

16,144

6,823

Cash at bank and in hand

51,303

48,649

69,402

57,572

CREDITORS

Amounts falling due within one year

55,812

44,579

NET CURRENT ASSETS

13,590

12,993

TOTAL ASSETS LESS CURRENT LIABILITIES

28,576

31,749

CREDITORS

Amounts falling due after more than one year

3,200

-

NET ASSETS

25,376

31,749

RESERVES

Income and expenditure account

25,376

31,749

MEMBERS' FUNDS

25,376

31,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 surplus or deficit 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 27 November 2014 and were signed on its behalf by:

T J Fossey - 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 goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

20% on cost

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

163,017

Additions

3,200

At 31 March 2014

166,217

DEPRECIATION

At 1 April 2013

144,261

Charge for year

6,970

At 31 March 2014

151,231

NET BOOK VALUE

At 31 March 2014

14,986

At 31 March 2013

18,756