Petersfield Theatre Group Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06643414 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2015

FOR

PETERSFIELD THEATRE GROUP LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs B James

R Wettone

REGISTERED OFFICE:

35 Lavant Street

Petersfield

Hampshire

GU32 3EL

REGISTERED NUMBER:

06643414 (England and Wales)

ACCOUNTANTS:

Jackson Green Carter Limited

Chartered Accountants

6 Cumberland Gate

Cumberland Road

Portsmouth

Hampshire

PO5 1AG

FIXED ASSETS

Tangible assets

2

1,838

1,072

CURRENT ASSETS

Stocks

318

42

Debtors

2,282

2,008

Cash at bank and in hand

44,533

43,111

47,133

45,161

CREDITORS

Amounts falling due within one year

(2,789

)

(474

)

NET CURRENT ASSETS

44,344

44,687

TOTAL ASSETS LESS CURRENT LIABILITIES

46,182

45,759

RESERVES

Capital reserve

47,414

47,414

Income and expenditure account

(1,232

)

(1,655

)

46,182

45,759

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 20 October 2015 and were signed on its behalf by:

R Wettone - Director

Mrs B James - Director

1.	ACCOUNTING POLICIES

Going concern

These financial statements have been prepared on the basis that the company will continue to be a going concern.

If this assumption is not considered to be valid, then adjustments would need to be made to reduce the value of

assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed

assets and long-term liabilities as current assets and current liabilities.

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 income generated from subscriptions, patronage, donations and the sale and hire of

costumes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 August 2014

1,429

Additions

1,379

At 31 July 2015

2,808

DEPRECIATION

At 1 August 2014

357

Charge for year

613

At 31 July 2015

970

NET BOOK VALUE

At 31 July 2015

1,838

At 31 July 2014

1,072