Abbreviated Company Accounts - THE COED FOUNDATION

THE COED FOUNDATION - Company Information

Registered Number 08091536

THE COED FOUNDATION

Abbreviated Accounts

31 May 2014

THE COED FOUNDATION Registered Number 08091536

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	3	450	675
		450	675
Current assets
Cash at bank and in hand		2,783	8,797
		2,783	8,797
Creditors: amounts falling due within one year		(2,242)	(800)
Net current assets (liabilities)		541	7,997
Total assets less current liabilities		991	8,672
Total net assets (liabilities)		991	8,672
Reserves
Income and expenditure account		991	8,672
Members' funds		991	8,672

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 22 January 2015

And signed on their behalf by:
M Coles, Director

THE COED FOUNDATION Registered Number 08091536

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), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities

Tangible assets depreciation policy
Depreciation is provided at the following annual rate in order to write off each asset over its estimated useful life.
Plant and machinery etc 25% on cost

Other accounting policies
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 June 2013	900
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	900
Depreciation
At 1 June 2013	225
Charge for the year	225
On disposals	-
At 31 May 2014	450
Net book values
At 31 May 2014	450
At 31 May 2013	675