Abbreviated Company Accounts - BLYTH TOWN TEAM LTD

THE BLYTH DEVELOPMENT TRUST LIMITED - Company Information

Registered Number 08224702

BLYTH TOWN TEAM LTD

Abbreviated Accounts

30 September 2014

BLYTH TOWN TEAM LTD Registered Number 08224702

Abbreviated Balance Sheet as at 30 September 2014

	2014	2013
	£	£
Current assets
Cash at bank and in hand	49,740	10,066
	49,740	10,066
Creditors: amounts falling due within one year	(240)	(240)
Net current assets (liabilities)	49,500	9,826
Total assets less current liabilities	49,500	9,826
Total net assets (liabilities)	49,500	9,826
Reserves
Income and expenditure account	49,500	9,826
Members' funds	49,500	9,826

For the year ending 30 September 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 18 May 2015

And signed on their behalf by:
Steven Bradley, Director

BLYTH TOWN TEAM LTD Registered Number 08224702

Notes to the Abbreviated Accounts for the period ended 30 September 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
Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.

Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Other accounting policies
Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred.

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