British School of Watchmaking - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05159742 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30th June 2015

for

BRITISH SCHOOL OF WATCHMAKING

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

N P Towndrow

L G Kerr

J M Avery

J Weston

Mrs L Hurst

Ms D Ambler

SECRETARY:

Mrs L Hurst

REGISTERED OFFICE:

Charter Court

Third Avenue

Southampton

Hampshire

SO15 0JA

REGISTERED NUMBER:

05159742 (England and Wales)

ACCOUNTANTS:

Graham Martin & Co

Chartered Accountants

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

FIXED ASSETS

Tangible assets

2

49,343

62,270

CURRENT ASSETS

Debtors

3

77,507

123,234

Cash at bank and in hand

418,493

284,791

496,000

408,025

CREDITORS

Amounts falling due within one year

10,929

16,348

NET CURRENT ASSETS

485,071

391,677

TOTAL ASSETS LESS CURRENT LIABILITIES

534,414

453,947

RESERVES

Other reserves

270

270

Income and expenditure account

534,144

453,677

534,414

453,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 3rd November 2015 and were signed on its behalf by:

Mrs L Hurst - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 contributions received from the founding members towards the running costs, maintenance

and ongoing development of the school.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 10% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the income and expenditure account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2014

304,427

Additions

6,477

At 30th June 2015

310,904

DEPRECIATION

At 1st July 2014

242,157

Charge for year

19,404

At 30th June 2015

261,561

NET BOOK VALUE

At 30th June 2015

49,343

At 30th June 2014

62,270

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 21,780 (2014 - £ 21,780 )