Abbreviated Company Accounts - NORTH LANDS CREATIVE GLASS

NORTH LANDS CREATIVE GLASS - Company Information

Registered Number SC159007

NORTH LANDS CREATIVE GLASS

Abbreviated Accounts

31 March 2015

NORTH LANDS CREATIVE GLASS Registered Number SC159007

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	3	721,805	722,618
		721,805	722,618
Current assets
Stocks		6,500	5,300
Debtors		9,054	78,000
Cash at bank and in hand		58,527	39,001
		74,081	122,301
Creditors: amounts falling due within one year		(32,876)	(75,390)
Net current assets (liabilities)		41,205	46,911
Total assets less current liabilities		763,010	769,529
Total net assets (liabilities)		763,010	769,529
Reserves
Income and expenditure account		763,010	769,529
Members' funds		763,010	769,529

For the year ending 31 March 2015 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 3 September 2015

And signed on their behalf by:
Iain Gunn, Director

NORTH LANDS CREATIVE GLASS Registered Number SC159007

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 and in accordance with the recommendations of the Statement of Recommended Practice, Accounting by Charities.

Turnover policy
Grants and donations of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Property (excluding office at Quatre Bras) 2% straight line
Fixtures, fittings and equipment 20% reducing balance

The office building, which was gifted in 2006/07 to the Company and was introduced into the Company's records at a value of £30,000, was renovated and fitted out in 2007/08. As the cost of the renovations and its original valuation are considered to be below its current market value no depreciation has been provided on the building in these accounts.

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

3Tangible fixed assets

	£
Cost
At 1 April 2014	980,756
Additions	26,240
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	1,006,996
Depreciation
At 1 April 2014	258,138
Charge for the year	27,053
On disposals	-
At 31 March 2015	285,191
Net book values
At 31 March 2015	721,805
At 31 March 2014	722,618