Downhall Under Fives - Period Ending 2014-06-30

Registration number: 06944876

Downhall Under Fives

(A company limited by guarantee)

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2014
 

Downhall Under Fives
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Downhall Under Fives
(Registration number: 06944876)
Abbreviated Balance Sheet at 30 June 2014

		Note			2014 £						2013 £
Fixed assets
Tangible fixed assets		2						4,123						2,314
Current assets
Cash at bank and in hand								44,002						32,373
Net assets								48,125						34,687
Capital and reserves
Profit and loss account								48,125						34,687

For the year ending 30 June 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the Board on 23 March 2015 and signed on its behalf by:

.........................................
D Linton
Director

.........................................
E Crust
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Downhall Under Fives
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance basis

Research and development

Research and development expenditure is written off as incurred.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2013		3,634			3,634
Additions		3,183			3,183
At 30 June 2014		6,817			6,817
Depreciation
At 1 July 2013		1,320			1,320
Charge for the year		1,374			1,374
At 30 June 2014		2,694			2,694
Net book value
At 30 June 2014		4,123			4,123
At 30 June 2013		2,314			2,314

Page 2

Downhall Under Fives
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

3	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £nil towards the assets of the company in the event of liquidation.

Page 3