Abbreviated Company Accounts - STAGE CENTRE LIMITED

Abbreviated Company Accounts - STAGE CENTRE LIMITED

STAGE CENTRE MANAGEMENT LIMITED - Company Information

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Registered Number 01646722

STAGE CENTRE LIMITED

Abbreviated Accounts

1 August 2014

STAGE CENTRE LIMITED Registered Number 01646722

Abbreviated Balance Sheet as at 1 August 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 3 432 576
432 576
Current assets
Stocks 350 350
Cash at bank and in hand 4,621 4,723
4,971 5,073
Creditors: amounts falling due within one year (1,706) (780)
Net current assets (liabilities) 3,265 4,293
Total assets less current liabilities 3,697 4,869
Total net assets (liabilities) 3,697 4,869
Reserves
Income and expenditure account 3,697 4,869
Members' funds 3,697 4,869
  • For the year ending 1 August 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.

Approved by the Board on 9 April 2015

And signed on their behalf by:
J J Munrow, Director

STAGE CENTRE LIMITED Registered Number 01646722

Notes to the Abbreviated Accounts for the period ended 1 August 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced services, excluding value added tax. Where a service is incomplete at the year end, turnover represents the sales value of services provided based on an appropriate proportion of time spent. Any partially completed services that are un-billed at year end are recorded in accrued income within trade debtors.

Tangible assets depreciation policy
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:

Fixtures, fittings and equipment - 25% reducing balance

Other accounting policies
Stock
Stock is valued at the lower of cost or net realisable value.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets
£
Cost
At 1 August 2013 5,033
Additions -
Disposals -
Revaluations -
Transfers -
At 1 August 2014 5,033
Depreciation
At 1 August 2013 4,457
Charge for the year 144
On disposals -
At 1 August 2014 4,601
Net book values
At 1 August 2014 432
At 31 July 2013 576