Abbreviated Company Accounts - AUGHABRACK & DISTRICT COMMUNITY ASSOCIATION

AUGHABRACK & DISTRICT COMMUNITY ASSOCIATION - Company Information

Registered Number NI052159

AUGHABRACK & DISTRICT COMMUNITY ASSOCIATION

Abbreviated Accounts

31 October 2014

AUGHABRACK & DISTRICT COMMUNITY ASSOCIATION Registered Number NI052159

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	3	485,801	497,416
		485,801	497,416
Current assets
Cash at bank and in hand		1,468	2,415
		1,468	2,415
Creditors: amounts falling due within one year		(7,019)	(3,419)
Net current assets (liabilities)		(5,551)	(1,004)
Total assets less current liabilities		480,250	496,412
Creditors: amounts falling due after more than one year		(54,061)	(61,352)
Accruals and deferred income		(371,151)	(379,805)
Total net assets (liabilities)		55,038	55,255
Reserves
Income and expenditure account		55,038	55,255
Members' funds		55,038	55,255

For the year ending 31 October 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 22 April 2015

And signed on their behalf by:
BERNARD BLEE, Director
LIAM DOOHER, Director

AUGHABRACK & DISTRICT COMMUNITY ASSOCIATION Registered Number NI052159

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
THE ACCOUNTS ARE PREPARED UNDER THE HISTORICAL COST CONVENTION AND IN ACCORDANCE WITH THE FINANCIAL REPORTING STANDARD FOR SMALLER ENTITIES.

Turnover policy
TURNOVER REPRESENTS THE TOTAL INVOICE VALUE, EXCLUDING VALUE ADDED TAX, OF SALES MADE DURING THE YEAR AND DERIVES FROM THE PROVISION OF GOODS FALLING WITHIN THE COMPANY'S ORDINARY ACTIVITIES.

Tangible assets depreciation policy
LAND AND BUILDINGS --- 2% STRAIGHT LINE OVER 50 YEARS
FIXTURES AND FITTINGS --- 25% STRAIGHT LINE

Intangible assets amortisation policy
GRANTS ARE CREDITED TO DEFFERED REVENUE. GRANTS TOWARDS CAPITAL EXPENDITURE ARE RELEASED TO THE PROFIT AND LOASS ACCOUNT OVER THE EXPECTED USEFUL LIFE OF THE ASSETS. GRANTS TOWARDS REVENUE EXPENDURE ARE RELEASED TO THE PEOFIT AND LOSS ACCOUNT AS THE RELATED EXPENDITURE IS INCURRED.

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

3Tangible fixed assets

	£
Cost
At 1 November 2013	575,120
Additions	832
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	575,952
Depreciation
At 1 November 2013	77,704
Charge for the year	12,447
On disposals	-
At 31 October 2014	90,151
Net book values
At 31 October 2014	485,801
At 31 October 2013	497,416