Abbreviated Company Accounts - THE WOLVERHAMPTON AFRICAN-CARIBBEAN FOUNDATION TRUST LIMITED

THE WOLVERHAMPTON AFRICAN-CARIBBEAN FOUNDATION TRUST LIMITED - Company Information

Registered Number 07034967

THE WOLVERHAMPTON AFRICAN-CARIBBEAN FOUNDATION TRUST LIMITED

Abbreviated Accounts

30 September 2013

THE WOLVERHAMPTON AFRICAN-CARIBBEAN FOUNDATION TRUST LIMITED Registered Number 07034967

Abbreviated Balance Sheet as at 30 September 2013

	Notes	2013	2012
		£	£
Fixed assets
Intangible assets	3	103,350	103,129
		103,350	103,129
Current assets
Debtors		152	152
Cash at bank and in hand		72,261	66,629
		72,413	66,781
Creditors: amounts falling due within one year		(180,000)	(180,000)
Net current assets (liabilities)		(107,587)	(113,219)
Total assets less current liabilities		(4,237)	(10,090)
Total net assets (liabilities)		(4,237)	(10,090)
Reserves
Income and expenditure account		(4,237)	(10,090)
Members' funds		(4,237)	(10,090)

For the year ending 30 September 2013 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 18 June 2014

And signed on their behalf by:
P Plummer, Director

THE WOLVERHAMPTON AFRICAN-CARIBBEAN FOUNDATION TRUST LIMITED Registered Number 07034967

Notes to the Abbreviated Accounts for the period ended 30 September 2013

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.

Tangible assets depreciation policy
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:

Fixtures, fittings & equipment - 33.33& straight line

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depriciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

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

3Intangible fixed assets

	£
Cost
At 1 October 2012	103,129
Additions	332
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2013	103,461
Amortisation
At 1 October 2012	-
Charge for the year	111
On disposals	-
At 30 September 2013	111
Net book values
At 30 September 2013	103,350
At 30 September 2012	103,129