Abbreviated Company Accounts - KEATS COMMUNITY LIBRARY

KEATS COMMUNITY LIBRARY - Company Information

Registered Number 07889559

KEATS COMMUNITY LIBRARY

Abbreviated Accounts

31 December 2014

KEATS COMMUNITY LIBRARY Registered Number 07889559

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets		-	-
Tangible assets	3	7,303	10,247
Investments		-	-
		7,303	10,247
Current assets
Stocks		-	-
Debtors		8,384	7,353
Investments		-	-
Cash at bank and in hand		180,993	164,369
		189,377	171,722
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(1,566)	(10,548)
Net current assets (liabilities)		187,811	161,174
Total assets less current liabilities		195,114	171,421
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		195,114	171,421
Reserves
Revaluation reserve		0	0
Other reserves		0	0
Income and expenditure account		195,114	171,421
Members' funds		195,114	171,421

For the year ending 31 December 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 21 April 2015

And signed on their behalf by:
S Bobasch, Director
D Burns, Director

KEATS COMMUNITY LIBRARY Registered Number 07889559

Notes to the Abbreviated Accounts for the period ended 31 December 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.

Tangible assets depreciation policy
Assets are recognised in the balance sheet to the extent that the cost exceeds the de minimis threshold of £250. Depreciation is provided at 20% in order to write off each asset over its estimated useful life.

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

3Tangible fixed assets

	£
Cost
At 1 January 2014	14,425
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	14,425
Depreciation
At 1 January 2014	4,178
Charge for the year	2,944
On disposals	-
At 31 December 2014	7,122
Net book values
At 31 December 2014	7,303
At 31 December 2013	10,247