Abbreviated Company Accounts - LONDON SUZUKI GROUP(THE)
Abbreviated Company Accounts - LONDON SUZUKI GROUP(THE)
Registered Number 01938686
LONDON SUZUKI GROUP(THE)
Abbreviated Accounts
31 December 2014
LONDON SUZUKI GROUP(THE) Registered Number 01938686
Abbreviated Balance Sheet as at 31 December 2014
| Notes | 2014 | 2013 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 3 |
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| Investments | 4 |
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| Current assets | |||
| Cash at bank and in hand |
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| Creditors: amounts falling due within one year |
( |
( |
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| Net current assets (liabilities) |
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| Total assets less current liabilities |
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| Creditors: amounts falling due after more than one year |
( |
( |
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| Total net assets (liabilities) |
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| Reserves | |||
| Other reserves |
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| Members' funds |
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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
And signed on their behalf by:
LONDON SUZUKI GROUP(THE) Registered Number 01938686
Notes to the Abbreviated Accounts for the period ended 31 December 2014
1Accounting Policies
Basis of measurement and preparation of accounts
(a) The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities, applicable accounting standards and the Charities Act 1993. The charity has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement.
(b) Depreciation
Depreciation is charged over the estimated useful life of the assets on the following basis:
Equipment 20% reducing balance
Buildings 2% straight line basis
(c) Income
Courses income and donations are accounted for on an accruals basis. The income from fundraising ventures is shown net of associated costs, which are not included in fundraising costs. No permanent endowments have been received in the period, but these are dealt with through the Statement of Financial Activities when received.
(d) Resources expended
Resources expended are included in the financial activities on an accruals basis, inclusive of any VAT which cannot be recovered.
2. LEGAL STATUS OF THE CHARITY
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding-up is limited to £1.
2Company limited by guarantee
3Tangible fixed assets
| £ | |
|---|---|
| Cost | |
| At 1 January 2014 |
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| Additions |
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| Disposals |
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| Revaluations |
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| Transfers |
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| At 31 December 2014 |
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| Depreciation | |
| At 1 January 2014 |
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| Charge for the year |
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| On disposals |
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| At 31 December 2014 |
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| Net book values | |
| At 31 December 2014 | 3,400 |
| At 31 December 2013 | 4,250 |
4Fixed assets Investments
£ £
Market Value at 1 January 2013 531,298 474,810
Additions at Cost - -
Net Investment Gains on Revaluation 25,534 56,488
––––––– –––––––
Market Value at 31 December 2013 556,832 531,298
Comprising: COIF Charities Investment Fund
– Income Units 556,832 531,298
Unrealised Gains at 31 December 2013 106,832 81,298
Unrealised Gains/(Losses) at 31 December 2012 81,298 24,810
––––––– ––––––
Movement in Unrealised Gains 25,534 56,488
Realised Gains Based on Historical Cost - -
––––––– ––––––
Net Investment Gains 25,534 56,488