Launceston Association Football Club Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06272263 (England and Wales)

Launceston Association Football Club Ltd

Abbreviated Unaudited Accounts

for the Year Ended 31st May 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P J M Stevenson

A C Bradley

D W Stone

K W Ellacott

SECRETARY:

P J M Stevenson

REGISTERED OFFICE:

Pennygillam Industrial Estate

LAUNCESTON

Cornwall

PL15 7ED

REGISTERED NUMBER:

06272263 (England and Wales)

ACCOUNTANTS:

Hodgsons

Chartered Accountants

12 Southgate Street

LAUNCESTON

Cornwall

PL15 9DP

FIXED ASSETS

Tangible assets

2

37,617

31,231

CURRENT ASSETS

Debtors

1,035

1,266

Cash at bank and in hand

140

100

1,175

1,366

CREDITORS

Amounts falling due within one year

1,237

4,195

NET CURRENT LIABILITIES

(62

)

(2,829

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,555

28,402

CREDITORS

Amounts falling due after more than one year

3

32,389

30,812

NET ASSETS/(LIABILITIES)

5,166

(2,410

)

RESERVES

Income and expenditure account

5,166

(2,410

)

5,166

(2,410

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2015 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 30th June 2015 and were signed on its behalf by:

P J M Stevenson - Director

K W Ellacott - 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 net invoiced sales of services, excluding 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

-

at varying rates on cost

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2014

41,819

Additions

6,685

At 31st May 2015

48,504

DEPRECIATION

At 1st June 2014

10,588

Charge for year

299

At 31st May 2015

10,887

NET BOOK VALUE

At 31st May 2015

37,617

At 31st May 2014

31,231

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

£

£

Repayable otherwise than by instalments

32,389

30,812