Bowling College - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05425868 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2014

for

Bowling College

Company Limited by Guarantee

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

Ms B J Miller

B Skilbeck

Mrs C Priestly

S L Cross

REGISTERED OFFICE:

Stirk Lambert & Co

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

REGISTERED NUMBER:

05425868 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

FIXED ASSETS

Tangible assets

2

55,193

27,439

CURRENT ASSETS

Debtors

15,751

46,717

Cash at bank and in hand

240,713

411,994

256,464

458,711

CREDITORS

Amounts falling due within one year

224,523

234,692

NET CURRENT ASSETS

31,941

224,019

TOTAL ASSETS LESS CURRENT LIABILITIES

87,134

251,458

RESERVES

Income and expenditure account

87,134

251,458

87,134

251,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 26 February 2015 and were signed on its behalf by:

S L Cross - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the amounts received or receivable for goods and services provided to customers,

excluding VAT.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

20% on cost and Straight line over 10 years

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the income and expenditure account on a straight line basis

over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Fixed asset depreciation policies

The director's have decided to change the depreciation policies this year in line with the useful life of the assets.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

149,152

Additions

44,438

Disposals

(7,258

)

At 31 July 2014

186,332

DEPRECIATION

At 1 August 2013

121,713

Charge for year

16,409

Eliminated on disposal

(6,983

)

At 31 July 2014

131,139

NET BOOK VALUE

At 31 July 2014

55,193

At 31 July 2013

27,439

3.	COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital. In the event of the company winding up the

directors have a liability of £1 per member.

4.	REVIEW OF THE RESULTS FOR THE YEAR

During the year the college suffered a significant flood in their premises which impacted on the ability to

provide teaching and earn income, these factors have had a dramatic effect on the results for the year. A

detailed explanation of the events can be found in the directors report.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Bowling College for the year ended 31 July 2014 which comprise the Income and Expenditure

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Bowling College, as a body, in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bowling

College and state those matters that we have agreed to state to the Board of Directors of Bowling College, as a body, in

this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law,

we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for

our work or for this report.

It is your duty to ensure that Bowling College has kept adequate accounting records and to prepare statutory financial

statements that give a true and fair view of the assets, liabilities, financial position and loss of Bowling College. You

consider that Bowling College is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bowling College. For this

reason, we have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

26 February 2015