Abbreviated Company Accounts - LIGHT RAIL TRANSIT ASSOCIATION

Abbreviated Company Accounts - LIGHT RAIL TRANSIT ASSOCIATION

LIGHT RAIL TRANSIT ASSOCIATION - Company Information

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Registered Number 05072319

LIGHT RAIL TRANSIT ASSOCIATION

Abbreviated Accounts

31 December 2014

LIGHT RAIL TRANSIT ASSOCIATION Registered Number 05072319

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 3 1,703 2,271
Investments 4 5,100 5,100
6,803 7,371
Current assets
Stocks 22,805 22,155
Debtors 5 18,817 36,636
Cash at bank and in hand 157,819 133,654
199,441 192,445
Creditors: amounts falling due within one year (95,935) (94,711)
Net current assets (liabilities) 103,506 97,734
Total assets less current liabilities 110,309 105,105
Total net assets (liabilities) 110,309 105,105
Reserves
Income and expenditure account 110,309 105,105
Members' funds 110,309 105,105
  • For the year ending 31 December 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 8 September 2015

And signed on their behalf by:
A J Braddock, Director

LIGHT RAIL TRANSIT ASSOCIATION Registered Number 05072319

Notes to the Abbreviated Accounts for the period ended 31 December 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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
All tangible fixed assets are initially recorded at cost. All fixed assets are equipment and are depreciated on a 25% reducing balance basis.

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

3Tangible fixed assets
£
Cost
At 1 January 2014 3,084
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2014 3,084
Depreciation
At 1 January 2014 813
Charge for the year 568
On disposals -
At 31 December 2014 1,381
Net book values
At 31 December 2014 1,703
At 31 December 2013 2,271

4Fixed assets Investments
The Company owns 51% of the issued share capital of LRTA (Publishing) Limited; the other 49% is owned by Howard Johnston Associates Limited, a company owned by H C Johnston, a Director of the Company. The Company is represented on the board of LRTA (Publishing) Limited by A J Braddock, H Retallick and P J Rowen, all of whom are Directors of the Company and none of whom received any remuneration for their services as Directors of LRTA (Publishing) Limited.

5Debtors
2014
£		 2013
£
Debtors include the following amounts due after more than one year 4,200 5,600