Abbreviated Company Accounts - SPITALFIELDS SMALL BUSINESS ASSOCIATION

SPITALFIELDS SMALL BUSINESS ASSOCIATION - Company Information

Registered Number 01581145

SPITALFIELDS SMALL BUSINESS ASSOCIATION

Abbreviated Accounts

31 March 2015

SPITALFIELDS SMALL BUSINESS ASSOCIATION Registered Number 01581145

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	3	1,996,381	1,997,107
		1,996,381	1,997,107
Current assets
Debtors		42,339	30,807
Cash at bank and in hand		2,539	20,511
		44,878	51,318
Creditors: amounts falling due within one year		(414,544)	(284,546)
Net current assets (liabilities)		(369,666)	(233,228)
Total assets less current liabilities		1,626,715	1,763,879
Creditors: amounts falling due after more than one year		(90,368)	(145,301)
Total net assets (liabilities)		1,536,347	1,618,578
Reserves
Income and expenditure account		1,536,347	1,618,578
Members' funds		1,536,347	1,618,578

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 15 December 2015

And signed on their behalf by:
MR A CHOUDHURY, Director

SPITALFIELDS SMALL BUSINESS ASSOCIATION Registered Number 01581145

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
The turnover shown in the profit and loss account represents rent receivable during the year.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Motor Vehicles - 18% on reducing basis

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

3Tangible fixed assets

	£
Cost
At 1 April 2014	1,999,073
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	1,999,073
Depreciation
At 1 April 2014	1,966
Charge for the year	726
On disposals	-
At 31 March 2015	2,692
Net book values
At 31 March 2015	1,996,381
At 31 March 2014	1,997,107

All fixed assets are initially recorded at cost.