Abbreviated Company Accounts - FFAIR GARON CYFYNGEDIG

Abbreviated Company Accounts - FFAIR GARON CYFYNGEDIG

FFAIR GARON CYFYNGEDIG - Company Information

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Registered Number 05156687

FFAIR GARON CYFYNGEDIG

Abbreviated Accounts

30 June 2015

FFAIR GARON CYFYNGEDIG Registered Number 05156687

Abbreviated Balance Sheet as at 30 June 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 3 1,318 1,582
1,318 1,582
Current assets
Debtors - 20
Cash at bank and in hand 3,468 4,425
3,468 4,445
Creditors: amounts falling due within one year (398) (350)
Net current assets (liabilities) 3,070 4,095
Total assets less current liabilities 4,388 5,677
Creditors: amounts falling due after more than one year (1,511) (1,775)
Total net assets (liabilities) 2,877 3,902
Reserves
Income and expenditure account 2,877 3,902
Members' funds 2,877 3,902
  • For the year ending 30 June 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 13 August 2015

And signed on their behalf by:
IJL Tillotson, Director

FFAIR GARON CYFYNGEDIG Registered Number 05156687

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost accounting rules and in accordance with the Financial Reporting Standard for Smaller Entities(effective April 2008) (FRSSE).

Turnover policy
The turnover of the company for the year represents net invoiced sales of services excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following rates in order to write off each asset over
Its estimated useful life:

Plant and machinery: 10% on cost

Other accounting policies
Grants Receivable

Grants receivable are credited to the profit and loss account in the year to which they relate. Capital grants are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the relevant asset.

Deferred Taxation

Provision is made for deferred taxation, using the full liability method less allowable losses, at the rate of corporation tax ruling at the end of the year. On this basis no provision is required in these financial statements.

2Company limited by guarantee
The company is limited by guarantee, not having any share capital; therefore the control of the company is vested in the directors. The liability of each member in the event of winding up is £1.

3Tangible fixed assets
£
Cost
At 1 July 2014 2,637
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2015 2,637
Depreciation
At 1 July 2014 1,055
Charge for the year 264
On disposals -
At 30 June 2015 1,319
Net book values
At 30 June 2015 1,318
At 30 June 2014 1,582