Abbreviated Company Accounts - MOTORSPORT CLUB OF CHELMSFORD LIMITED

MOTORSPORT CLUB OF CHELMSFORD LIMITED - Company Information

Registered Number 01667860

MOTORSPORT CLUB OF CHELMSFORD LIMITED

Abbreviated Accounts

31 October 2014

MOTORSPORT CLUB OF CHELMSFORD LIMITED Registered Number 01667860

Abbreviated Balance Sheet as at 31 October 2014

	2014	2013
	£	£
Current assets
Debtors	1,900	500
Cash at bank and in hand	52,511	43,397
	54,411	43,897
Creditors: amounts falling due within one year	(4,691)	(4,947)
Net current assets (liabilities)	49,720	38,950
Total assets less current liabilities	49,720	38,950
Total net assets (liabilities)	49,720	38,950
Reserves
Income and expenditure account	49,720	38,950
Members' funds	49,720	38,950

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 19 March 2015

And signed on their behalf by:
JIM BOWIE, Director
RICHARD NEL, Director

MOTORSPORT CLUB OF CHELMSFORD LIMITED Registered Number 01667860

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

Turnover policy
Represents income from members subs and social events

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