Abbreviated Company Accounts - INSTITUTE OF VIDEOGRAPHY

Abbreviated Company Accounts - INSTITUTE OF VIDEOGRAPHY

INSTITUTE OF VIDEOGRAPHY - Company Information

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Registered Number 02623169

INSTITUTE OF VIDEOGRAPHY

Abbreviated Accounts

31 March 2015

INSTITUTE OF VIDEOGRAPHY Registered Number 02623169

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 3 174 116
174 116
Current assets
Stocks 500 500
Debtors 2,775 5,647
Cash at bank and in hand 19,573 18,147
22,848 24,294
Creditors: amounts falling due within one year (26,492) (19,374)
Net current assets (liabilities) (3,644) 4,920
Total assets less current liabilities (3,470) 5,036
Total net assets (liabilities) (3,470) 5,036
Reserves
Income and expenditure account (3,470) 5,036
Members' funds (3,470) 5,036
  • 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 11 December 2015

And signed on their behalf by:
Z Cheema, Director

INSTITUTE OF VIDEOGRAPHY Registered Number 02623169

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 January 2015).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery – 25% reducing balance basis
Equipment – 25% reducing balance basis

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

Foreign Currencies
Transactions in foreign currencies are recorded at the rate at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

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

3Tangible fixed assets
£
Cost
At 1 April 2014 2,678
Additions 116
Disposals -
Revaluations -
Transfers -
At 31 March 2015 2,794
Depreciation
At 1 April 2014 2,562
Charge for the year 58
On disposals -
At 31 March 2015 2,620
Net book values
At 31 March 2015 174
At 31 March 2014 116