Glenfield Social Club Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06910787 (England and Wales)

GLENFIELD SOCIAL CLUB LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

30 SEPTEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S A Munn

C M Dowell

S Langham

SECRETARY:

C M Dowell

REGISTERED OFFICE:

Station Road

Glenfield

Leicestershire

LE3 8BQ

REGISTERED NUMBER:

06910787 (England and Wales)

ACCOUNTANTS:

Killicks Limited

35/37 Kingsway

Kirkby in Ashfield

Nottinghamshire

NG17 7DR

FIXED ASSETS

Tangible assets

2

54,314

60,349

CURRENT ASSETS

Stocks

4,797

4,981

Debtors

1,285

2,065

Cash at bank and in hand

99,779

74,171

105,861

81,217

CREDITORS

Amounts falling due within one year

24,766

26,934

NET CURRENT ASSETS

81,095

54,283

TOTAL ASSETS LESS CURRENT LIABILITIES

135,409

114,632

RESERVES

Income and expenditure account

135,409

114,632

135,409

114,632

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 24 March 2015 and were signed on its behalf by:

S A Munn - Director

S Langham - 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 bar takings net 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

-

10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

88,286

DEPRECIATION

At 1 October 2013

27,937

Charge for year

6,035

At 30 September 2014

33,972

NET BOOK VALUE

At 30 September 2014

54,314

At 30 September 2013

60,349

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Director S Langham was paid £5,100 during the year for consultancy fees. The balance owing to him at the

period end was £nil.