| The Sunbeam Motor Cycle Club Limited |
| Registered number: |
03011502 |
| Abbreviated Balance Sheet |
| as at 31 December 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
34,666 |
|
|
34,666 |
|
| Current assets |
| Stocks |
|
|
7,925 |
|
|
9,008 |
| Cash at bank and in hand |
|
|
79,840 |
|
|
73,918 |
|
|
|
87,765 |
|
|
82,926 |
|
| Creditors: amounts falling due within one year |
|
|
(13,985) |
|
|
(8,956) |
|
| Net current assets |
|
|
|
73,780 |
|
|
73,970 |
|
| Net assets |
|
|
|
108,446 |
|
|
108,636 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Revaluation reserve |
|
|
|
34,666 |
|
|
34,666 |
| Profit and loss account |
|
|
|
73,780 |
|
|
73,970 |
|
| Shareholders' funds |
|
|
|
108,446 |
|
|
108,636 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| A W Marshall |
| Director |
| Approved by the board on 9 September 2015 |
|
| The Sunbeam Motor Cycle Club Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Library and Trophies |
nil |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2014 |
34,666 |
|
At 31 December 2014 |
34,666 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 December 2014 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2014 |
34,666 |
|
At 31 December 2013 |
34,666 |
|
|
|
|
|
|
|
