Boston Phoenix Football Club Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02294920 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2014

for

Boston Phoenix Football Club Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M G Vines

J Nuttell

Mrs S Nuttell

Mrs P Massam

L Borbely

E Graves

SECRETARY:

REGISTERED OFFICE:

The Stadium

Tattershall Road

Boston

Lincolnshire

PE21 9LR

REGISTERED NUMBER:

02294920 (England and Wales)

ACCOUNTANTS:

Darron Abbott

135 London Road

Boston

Lincolnshire

PE21 7EZ

FIXED ASSETS

Tangible assets

2

5,103

6,804

CURRENT ASSETS

Stocks

1,000

1,150

Debtors

-

712

Cash in hand

36

1,337

1,036

3,199

CREDITORS

Amounts falling due within one year

66,979

61,627

NET CURRENT LIABILITIES

(65,943

)

(58,428

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(60,840

)

(51,624

)

RESERVES

Revaluation reserve

63,290

63,290

Profit and loss account

(124,130

)

(114,914

)

(60,840

)

(51,624

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 profit or loss 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 31 July 2015 and were signed on its behalf by:

M G Vines - 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 goods, 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.

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 profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

116,346

DEPRECIATION

At 1 June 2013

109,542

Charge for year

1,701

At 31 May 2014

111,243

NET BOOK VALUE

At 31 May 2014

5,103

At 31 May 2013

6,804