Crash Box Club of Devon Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01315634 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2018

FOR

CRASH BOX & CLASSIC CAR CLUB OF DEVON

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Dalby

M Lavers

R Wood

N J Jones

SECRETARY:

Mrs S A Poupard

REGISTERED OFFICE:

2 Barnfield Crescent

Exeter

Devon

EX1 1QT

REGISTERED NUMBER:

01315634 (England and Wales)

ACCOUNTANTS:

Bush & Co Limited

2 Barnfield Crescent

Exeter

Devon

EX1 1QT

FIXED ASSETS

Tangible assets

5

3,888

4,651

CURRENT ASSETS

Stocks

655

502

Debtors

6

747

4,688

Cash at bank

105,187

98,693

106,589

103,883

CREDITORS

Amounts falling due within one year

7

4,631

5,338

NET CURRENT ASSETS

101,958

98,545

TOTAL ASSETS LESS CURRENT LIABILITIES

105,846

103,196

PROVISIONS FOR LIABILITIES

752

884

NET ASSETS

105,094

102,312

RESERVES

Income and expenditure account

105,094

102,312

105,094

102,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 10 April 2019 and were signed on its behalf by:

M Lavers - Director

R Wood - Director

1.	STATUTORY INFORMATION

Crash Box & Classic Car Club Of Devon Limited is a private company, limited by guarantee ,

registered in England and Wales. The company's registered number and registered office

address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents income from it's members in the form of subscriptions and other events

primarily for the benefit of its members.

Tangible fixed assets

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

Fixtures & fittings

-

10% 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.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in

non-convertible preference and non-puttable ordinary shares which are measured at fair value,

with changes recognised in profit or loss. Derivative financial instruments are initially recorded

at cost and thereafter at fair value with changes recognised in profit or loss.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

5.	TANGIBLE FIXED ASSETS

Fixtures

& fittings

£

COST

At 1 November 2017

10,797

Disposals

(137

)

At 31 October 2018

10,660

DEPRECIATION

At 1 November 2017

6,146

Charge for year

695

Eliminated on disposal

(69

)

At 31 October 2018

6,772

NET BOOK VALUE

At 31 October 2018

3,888

At 31 October 2017

4,651

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

747

4,688

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

2,805

3,459

Other creditors

1,826

1,879

4,631

5,338

8.	COMPANY LIMITED BY GUARANTEE

Every member of the company undertakes to contribute such amounts as may be required (not

exceeding £10) to the assets of the Company if it should be wound up while he is a member or

within one year after he ceases to be a member, for payment of the Company's debts and

liabilities contracted before he ceases to be a member, and of the costs, charges and expenses

of winding up, and for the adjustment of the rights of the contributories among themselves.