Weymouth Motor Racing Club Ltd - Abbreviated accounts

Registered number

01173657

Weymouth Motor Racing Club Ltd

Abbreviated Accounts

31 December 2014

Weymouth Motor Racing Club Ltd
Registered number:		01173657
Abbreviated Balance Sheet
as at 31 December 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		1,310			1,040

Current assets
Debtors		6,000			6,410
Cash at bank and in hand		3,401			3,670
		9,401			10,080

Creditors: amounts falling due within one year		(1,130)			(1,278)

Net current assets			8,271			8,802

Net assets			9,581			9,842

Capital and reserves
Profit and loss account			9,581			9,842

Members' funds			9,581			9,842

The Company does not have a Share Capital and the liability of members is limited to an amount of 50p per member. This liability extends to all members of the Company at the date of winding up as well as to members in the 12 months preceding the winding up.



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.
The 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.



N E J Ireland
Director
Approved by the board on 30 September 2015

Weymouth Motor Racing Club Ltd
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 January 2015).

	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.

	Office equipment	25% reducing balance
	General equipment	25% reducing balance


2	Tangible fixed assets		£

	Cost
	At 1 January 2014		12,653
	Additions		700
	At 31 December 2014		13,353

	Depreciation
	At 1 January 2014		11,613
	Charge for the year		430
	At 31 December 2014		12,043

	Net book value
	At 31 December 2014		1,310
	At 31 December 2013		1,040