Company Registration No. 01606623 (England and Wales)
KNUTSFORD & DISTRICT MOTOR CLUB LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
KNUTSFORD & DISTRICT MOTOR CLUB LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
KNUTSFORD & DISTRICT MOTOR CLUB LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,237
1,649
Current assets
Debtors
1,766
2,750
Cash at bank and in hand
79,371
69,254
81,137
72,004
Creditors: amounts falling due within one year
(12,524)
(4,832)
Net current assets
68,613
67,172
Total assets less current liabilities
69,850
68,821
Capital and reserves
Profit and loss account
69,850
68,821
Shareholders' funds
69,850
68,821
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 16 March 2015
D Wild
Director
Company Registration No. 01606623
KNUTSFORD & DISTRICT MOTOR CLUB LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover is amounts received for subscriptions and event entry fees.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Equipment
25% reducing balance
Trophies
15% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2014 & at 31 December 2014
31,354
Depreciation
At 1 January 2014
29,705
Charge for the year
412
At 31 December 2014
30,117
Net book value
At 31 December 2014
1,237
At 31 December 2013
1,649
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