Welsh Triathlon Limited - Period Ending 2015-03-31

Registration number: 07205079

Welsh Triathlon Limited

(A company limited by guarantee)

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

Welsh Triathlon Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Welsh Triathlon Limited
(Registration number: 07205079)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Current assets
Debtors					2,070			3,558
Cash at bank and in hand					222,413			182,513
					224,483			186,071
Creditors: Amounts falling due within one year					(107,246)			(104,070)
Net assets					117,237			82,001
Capital and reserves
Other reserves					112,988			112,988
Profit and loss account					4,249			(30,987)
Shareholders' funds					117,237			82,001

For the year ending 31 March 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 .

Approved by the Board on 10 September 2015 and signed on its behalf by:

.........................................
C R P Butler-Donnelly
Director

The notes on page 2 form an integral part of these financial statements.

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Welsh Triathlon Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 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 the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Depreciation

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

Asset class	Depreciation method and rate
Office equipment	3 years straight line

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		2,774			2,774
At 31 March 2015		2,774			2,774
Depreciation
At 1 April 2014		2,774			2,774
At 31 March 2015		2,774			2,774
Net book value
At 31 March 2015		-			-
At 31 March 2014		-			-

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 £1 towards the assets of the company in the event of liquidation.

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