Abbreviated Company Accounts - HAGLEY AND DISTRICT LIGHT CAR CLUB LIMITED

Abbreviated Company Accounts - HAGLEY AND DISTRICT LIGHT CAR CLUB LIMITED

HAGLEY AND DISTRICT LIGHT CAR CLUB LIMITED - Company Information

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Registered Number 00898044

HAGLEY AND DISTRICT LIGHT CAR CLUB LIMITED

Abbreviated Accounts

30 November 2014

HAGLEY AND DISTRICT LIGHT CAR CLUB LIMITED Registered Number 00898044

Abbreviated Balance Sheet as at 30 November 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 3 59,504 69,294
59,504 69,294
Current assets
Stocks 4,156 5,104
Debtors 32,070 24,688
Cash at bank and in hand 174,042 111,735
210,268 141,527
Creditors: amounts falling due within one year (33,575) (4,795)
Net current assets (liabilities) 176,693 136,732
Total assets less current liabilities 236,197 206,026
Total net assets (liabilities) 236,197 206,026
Reserves
Other reserves 92,020 92,020
Income and expenditure account 144,177 114,006
Members' funds 236,197 206,026
  • For the year ending 30 November 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 13 April 2015

And signed on their behalf by:
S Layton, Director

HAGLEY AND DISTRICT LIGHT CAR CLUB LIMITED Registered Number 00898044

Notes to the Abbreviated Accounts for the period ended 30 November 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
Turnover represents subscriptions and competition income, arising entirely within the United Kingdom. net of value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives

Leasehold property straight line over the life of the lease
Plant 25% reducing balance
Motor vehicles 25% reducing balance

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

3Tangible fixed assets
£
Cost
At 1 December 2013 184,062
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2014 184,062
Depreciation
At 1 December 2013 114,768
Charge for the year 9,790
On disposals -
At 30 November 2014 124,558
Net book values
At 30 November 2014 59,504
At 30 November 2013 69,294