Company Registration No. 06936893 (England and Wales)
SOUTH TYNESIDE BUSINESS FORUM
COMPANY LIMITED BY GUARANTEE
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2014
SOUTH TYNESIDE BUSINESS FORUM
COMPANY LIMITED BY GUARANTEE
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SOUTH TYNESIDE BUSINESS FORUM
COMPANY LIMITED BY GUARANTEE
ABBREVIATED BALANCE SHEET
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1
1
Current assets
Debtors
358
945
Cash at bank and in hand
9,371
24,083
9,729
25,028
Creditors: amounts falling due within one year
(1,723)
(15,936)
Net current assets
8,006
9,092
Total assets less current liabilities
8,007
9,093
Capital and reserves
Profit and loss account
8,007
9,093
Shareholders' funds
8,007
9,093
For the financial year ended 30 June 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 26 March 2015
Mr Michael Arnot
Mrs Angela Anderson
Director
Director
Company Registration No. 06936893
SOUTH TYNESIDE BUSINESS FORUM
COMPANY LIMITED BY GUARANTEE
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 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 represents the total invoice value, excluding value added tax, of income generated during the year and derives from the provision of goods falling within the company's ordinary activities.
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:
Computer equipment
33 % straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2013 & at 30 June 2014
3,500
Depreciation
At 1 July 2013 & at 30 June 2014
3,499
Net book value
At 30 June 2014
1
At 30 June 2013
1
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