Cumberland Football Association Limited - Period Ending 2015-06-30

Registration number: 03929265

Cumberland Football Association Limited

 (A company limited by guarantee)
 
 Unaudited Abbreviated Accounts
 
 for the Year Ended 30 June 2015
 

Cumberland Football Association Limited
(Registration number: 03929265)
Abbreviated Balance Sheet at 30 June 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			4,201			6,080
Current assets
Stocks					4,276			84
Debtors					2,792			3,006
Cash at bank and in hand					398,752			367,014
					405,820			370,104
Creditors: Amounts falling due within one year					(18,787)			(9,810)
Net current assets					387,033			360,294
Total assets less current liabilities					391,234			366,374
Creditors: Amounts falling due after more than one year					(72,619)			(78,786)
Net assets					318,615			287,588
Capital and reserves
Other reserves					50,556			50,556
Profit and loss account					268,059			237,032
Shareholders' funds					318,615			287,588

The notes on pages 3 to 4 form an integral part of these financial statements.
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Cumberland Football Association Limited
(Registration number: 03929265)
Abbreviated Balance Sheet at 30 June 2015
......... continued

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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the Board on 12 October 2015 and signed on its behalf by:

.........................................
Mrs C Murphy
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
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Cumberland Football Association Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts receivable in respect of grant income and other association activities.

Other grants

Grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Land and buildings	2% straight line basis
Computer equipment	33.3% straight line basis
Office equipment	15% reducing balance basis

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account as they are incurred.

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Cumberland Football Association Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2014		36,596			36,596
Additions		1,326			1,326
At 30 June 2015		37,922			37,922
Depreciation
At 1 July 2014		30,516			30,516
Charge for the year		3,205			3,205
At 30 June 2015		33,721			33,721
Net book value
At 30 June 2015		4,201			4,201
At 30 June 2014		6,080			6,080

3	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.

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