| FELCA |
| Registered number: |
04132215 |
| Abbreviated Balance Sheet |
| as at 31 July 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
2,840 |
|
|
3,786 |
|
| Current assets |
| Cash at bank and in hand |
|
|
6,479 |
|
|
7,063 |
|
| Creditors: amounts falling due within one year |
|
|
(360) |
|
|
(2,765) |
|
| Net current assets |
|
|
|
6,119 |
|
|
4,298 |
|
| Net assets |
|
|
|
8,959 |
|
|
8,084 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Income and expenditure account |
|
|
|
8,959 |
|
|
8,084 |
|
| Shareholders' funds |
|
|
|
8,959 |
|
|
8,084 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr Juan Manuel Elizalde |
| Director |
| Approved by the board on 15 April 2015 |
|
| FELCA |
| Notes to the Abbreviated Accounts |
| for the year ended 31 July 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Members' subscriptions |
|
Subscriptions are paid by members of Felca in order to fund the running costs of the organisation which provides services exclusively for its members. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing balance. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
Restatement of corresponding amounts |
|
The cost of the re-design of the company's web site is now recognised as capital as the company will derive benefit from it over a number of years. At 31 July 2013 tangible assets are now stated at a net book value of £3,786, an increase of £3,006, creditors at £2,765, an increase of £2,405 and the deficit for the year to 31 July 2013 is reduced by £601 to £6,654. |
|
|
| 2 |
Tangible fixed assets |
Restated |
| £ |
|
|
Cost |
|
At 1 August 2013 |
8,811 |
|
At 31 July 2014 |
8,811 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2013 |
5,025 |
|
Charge for the year |
946 |
|
At 31 July 2014 |
5,971 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2014 |
2,840 |
|
At 31 July 2013 |
3,786 |
|
|
|
|
|
|
|
|
| 3 |
Company limited by guarantee |
|
The company is limited by guarantee and consequently does not have a share capital. In the event of a winding up the members' liability is limited to £1. |
