Burghfield Sailing Company Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02134319 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

BURGHFIELD SAILING COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P J Colvin

C W Gilchrist

SECRETARY:

J Pyke

REGISTERED OFFICE:

1 Hangar Road

Sulhamstead

Reading

RG7 4AP

REGISTERED NUMBER:

02134319 (England and Wales)

FIXED ASSETS

Tangible assets

2

14,143

21,471

CURRENT ASSETS

Cash at bank

182,255

165,225

CREDITORS

Amounts falling due within one year

7,328

7,328

NET CURRENT ASSETS

174,927

157,897

TOTAL ASSETS LESS CURRENT LIABILITIES

189,070

179,368

CREDITORS

Amounts falling due after more than one year

189,070

179,368

NET LIABILITIES

-

-

RESERVES

-

-

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 May 2015 and were signed on its behalf by:

C W Gilchrist - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents income from Burghfield Sailing Club, exclusive of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

Straight line over 28 years

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the income and expenditure account on a straight

line basis over the period of the lease.

Grants

Grant receipts toward capital asset expenditure are are treated as deferred income and amortised over

the expected useful economic life of the capital asset.

Going concern justification

The directors are not aware of any material uncertainties that may cast significant doubt over the

ability of the company to continue trading, therefore they have adopted the going concern basis of

accounting.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

197,849

DEPRECIATION

At 1 October 2013

176,378

Charge for year

7,328

At 30 September 2014

183,706

NET BOOK VALUE

At 30 September 2014

14,143

At 30 September 2013

21,471