The Salisbury Bursary Fund - Limited company - abbreviated - 11.0.0

The Salisbury Bursary Fund - Limited company - abbreviated - 11.0.0

THE SALISBURY BURSARY FUND - Company Information

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REGISTERED NUMBER: 02087542 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

THE SALISBURY BURSARY FUND
(A COMPANY LIMITED BY GUARANTEE)

THE SALISBURY BURSARY FUND (REGISTERED NUMBER: 02087542)
(A COMPANY LIMITED BY GUARANTEE)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

THE SALISBURY BURSARY FUND
(A COMPANY LIMITED BY GUARANTEE)

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2013







DIRECTORS: M A J Hooper
M C Maidment
R C James





SECRETARY: R C James





REGISTERED OFFICE: Windover House
St Ann Street
Salisbury
SP1 2DR





REGISTERED NUMBER: 02087542 (England and Wales)





ACCOUNTANTS: Fawcetts
Chartered Accountants
Windover House
St Ann Street
Salisbury
SP1 2DR
Page 1
THE SALISBURY BURSARY FUND (REGISTERED NUMBER: 02087542)
(A COMPANY LIMITED BY GUARANTEE)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 83,493 83,493

CURRENT ASSETS
Cash at bank 53,012 44,941

CREDITORS
Amounts falling due within one year 2,391 2,371
NET CURRENT ASSETS 50,621 42,570
TOTAL ASSETS LESS CURRENT LIABILITIES 134,114 126,063

RESERVES
Income and expenditure account 134,114 126,063
134,114 126,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 18 July 2014 and were signed on its behalf by:





R C James - Director


The notes form part of these abbreviated accounts

Page 2
THE SALISBURY BURSARY FUND (REGISTERED NUMBER: 02087542)
(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013


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).

Income
Income represents receipts from the letting of a leasehold property.

Tangible fixed assets
Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low
value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the
profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of
acquisition.

Depreciation is not charged on long leasehold property. In accordance with FRS15, an impairment review
under FRS11 is carried out on that property. The results of this review showed that the recoverable amount is
in excess of the carrying amount supporting the policy.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2013
and 31 December 2013 83,493
NET BOOK VALUE
At 31 December 2013 83,493
At 31 December 2012 83,493

Page 3