Paignton Rugby Football Club Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06901014 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

FOR

PAIGNTON RUGBY FOOTBALL CLUB LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr M Clare

Mr N Harries

Mr P Ward

Mr B Engstrom

Mr S Willicott

Mr D Law

Mr N J Bodnar

Mrs B D Law

Mrs L F Lewis

Mr N P Moloney

SECRETARY:

Mrs J Musson

REGISTERED OFFICE:

The Club House

Queens Road

Paignton

Devon

TQ4 6AT

REGISTERED NUMBER:

06901014 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Unit 4 Brunel Buildings

Brunel Road

Newton Abbot

Devon

TQ12 4PB

BANKERS:

HSBC

7 Palace Avenue

Paignton

Devon

TQ3 3ED

FIXED ASSETS

Tangible assets

2

7,115

7,494

CURRENT ASSETS

Stocks

1,691

2,631

Debtors

21,666

5,129

Cash at bank and in hand

10,756

11,581

34,113

19,341

CREDITORS

Amounts falling due within one year

27,725

3,570

NET CURRENT ASSETS

6,388

15,771

TOTAL ASSETS LESS CURRENT LIABILITIES

13,503

23,265

CREDITORS

Amounts falling due after more than one year

5,524

5,881

NET ASSETS

7,979

17,384

RESERVES

Other reserves

35,419

35,419

Income and expenditure account

(27,440

)

(18,035

)

7,979

17,384

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 9 November 2015 and were signed on its behalf by:

Mr N P Moloney - Director

Mrs B D Law - 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 amounts received during the year from the club's activities, as well as

subscriptions, sponsorship and donations.

Tangible fixed assets

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

Fixtures, fittings & equipment

-

at varying rates on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

28,413

Additions

4,731

Disposals

(5,396

)

At 31 May 2015

27,748

DEPRECIATION

At 1 June 2014

20,919

Charge for year

3,198

Eliminated on disposal

(3,484

)

At 31 May 2015

20,633

NET BOOK VALUE

At 31 May 2015

7,115

At 31 May 2014

7,494

3.	DISTRIBUTION OF RESERVES ON WINDING UP/DISSOLUTION OF THE CLUB

If upon the winding up or dissolution of the club there remains after the satisfaction of all its

debts and liabilities any property whatsoever, the same shall be paid to or distributed to

another community amateur sports club for rugby union, to the RFU for use in community

related rugby union initiatives, or to a charitable organisation.