Abbreviated Company Accounts - DEVAS CLUB

Registered Number 06720799

DEVAS CLUB

Abbreviated Accounts

31 March 2015

DEVAS CLUB Registered Number 06720799

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	3	291,570	241,514
		291,570	241,514
Current assets
Stocks		100	100
Debtors		500	-
Cash at bank and in hand		82,437	147,707
		83,037	147,807
Creditors: amounts falling due within one year		(7,450)	(12,840)
Net current assets (liabilities)		75,587	134,967
Total assets less current liabilities		367,157	376,481
Total net assets (liabilities)		367,157	376,481
Reserves
Other reserves		200,003	204,199
Income and expenditure account		167,154	172,282
Members' funds		367,157	376,481

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 14 December 2015

And signed on their behalf by:
JONNY DEVAS, Director

DEVAS CLUB Registered Number 06720799

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life as follows:

Building over 50 years
Long-term repairs over 10 years
Fixtures and equipment 20% on net book value
Vehicles 25% on net book value

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 April 2014	777,224
Additions	79,696
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	856,920
Depreciation
At 1 April 2014	535,710
Charge for the year	29,640
On disposals	-
At 31 March 2015	565,350
Net book values
At 31 March 2015	291,570
At 31 March 2014	241,514