Abbreviated Company Accounts - WOLVERHAMPTON AND SOUTH STAFFORDSHIRE CAR CLUB LIMITED(THE)

Abbreviated Company Accounts - WOLVERHAMPTON AND SOUTH STAFFORDSHIRE CAR CLUB LIMITED(THE)

WOLVERHAMPTON AND SOUTH STAFFORDSHIRE CAR CLUB LIMITED(THE) - Company Information

Print Friendly Version

Registered Number 00903680

WOLVERHAMPTON AND SOUTH STAFFORDSHIRE CAR CLUB LIMITED(THE)

Abbreviated Accounts

31 May 2014

WOLVERHAMPTON AND SOUTH STAFFORDSHIRE CAR CLUB LIMITED(THE) Registered Number 00903680

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 3 3,843 5,155
3,843 5,155
Current assets
Debtors 4 1,968 1,985
Cash at bank and in hand 53,159 58,125
55,127 60,110
Creditors: amounts falling due within one year 5 (5,162) (9,358)
Net current assets (liabilities) 49,965 50,752
Total assets less current liabilities 53,808 55,907
Total net assets (liabilities) 53,808 55,907
Reserves
Other reserves 55,907 66,631
Income and expenditure account (2,099) (10,724)
Members' funds 53,808 55,907
  • For the year ending 31 May 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 25 February 2015

And signed on their behalf by:
Beth Bloxham, Director

WOLVERHAMPTON AND SOUTH STAFFORDSHIRE CAR CLUB LIMITED(THE) Registered Number 00903680

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding VAT from sales made during the year, from the provision of services / goods, falling within the companies ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost, less residual value of each asset over it's expected useful life, as follows- Plant and Machinery 15% on a reducing balance basis. Plant valued at below £1,000.00 has been depreciated in full.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital. Therefore, Wolverhampton and South Staffordshire Car Club Limited, in the event of winding up or dissolution of the company, members liability under the memorandum of association, is limited to £5.00 each.

3Tangible fixed assets
£
Cost
At 1 June 2013 5,155
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 May 2014 5,155
Depreciation
At 1 June 2013 0
Charge for the year 1,312
On disposals 0
At 31 May 2014 1,312
Net book values
At 31 May 2014 3,843
At 31 May 2013 5,155
4Debtors
2014
£		 2013
£
Debtors include the following amounts due after more than one year 1,968 1,985
5Creditors
2014
£		 2013
£
Secured Debts 5,162 -