Glossop Labour Club - Abbreviated accounts

Registered number

07538265

Glossop Labour Club

Abbreviated Accounts

31 March 2015

Glossop Labour Club
Registered number:		07538265
Abbreviated Balance Sheet
as at 31 March 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		148,479			147,422

Current assets
Stocks		500			500
Cash at bank and in hand		44,325			38,703
		44,825			39,203


Net current assets			44,825			39,203

Net assets			193,304			186,625

Capital and reserves
Revaluation reserve			143,558			143,558
Profit and loss account			49,746			43,067

Shareholders' funds			193,304			186,625

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.



J Hallsworth
Director
Approved by the board on 29 May 2015

Glossop Labour Club
Notes to the Abbreviated Accounts
for the year ended 31 March 2015

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).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Equipment & furniture	15% reducing balance
	Motor vehicles	25% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.


2	Tangible fixed assets		£

	Cost
	At 1 April 2014		149,187
	Additions		1,925
	At 31 March 2015		151,112

	Depreciation
	At 1 April 2014		1,765
	Charge for the year		868
	At 31 March 2015		2,633

	Net book value
	At 31 March 2015		148,479
	At 31 March 2014		147,422