Abbreviated Company Accounts - BALKAN MUSLIM SOCIETY - DRITA

BALKAN MUSLIM SOCIETY - DRITA - Company Information

Registered Number 07185275

BALKAN MUSLIM SOCIETY - DRITA

Abbreviated Accounts

31 March 2015

BALKAN MUSLIM SOCIETY - DRITA Registered Number 07185275

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	3	932	1,243
		932	1,243
Current assets
Cash at bank and in hand		1,328	1,866
		1,328	1,866
Net current assets (liabilities)		1,328	1,866
Total assets less current liabilities		2,260	3,109
Total net assets (liabilities)		2,260	3,109
Reserves
Income and expenditure account		2,260	3,109
Members' funds		2,260	3,109

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 23 December 2015

And signed on their behalf by:
Naim Musliu, Director
Faik Zasella, Director

BALKAN MUSLIM SOCIETY - DRITA Registered Number 07185275

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards for Smaller Entities (effective April 2008), The Companies Act 2006, and follow the recommendations in the statement of recommended Practice, “Accounting and Reporting by Charities”, issued in March 2005.

Turnover policy
Voluntary income is received by way of donations, legacies and gifts and is included in full in the Income and Expenditure Account when received.

Tangible assets depreciation policy
Fixed assets are stated at original historical cost less aggregate depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures, fittings and equipment at 25% per annum on reducing balance

Small items of equipment costing under £100 were charged to the cost centre in the Statement of Financial Activities.

Other accounting policies
Expenditure
Resources expanded are recognised in the period in which they are incurred and allocated to the particular cost centre to which they relate. Resources expended include irrecoverable VAT.

Taxation
The company is not liable to United Kingdom corporation taxation on its charitable activities.

Unrestricted Fund
The trust operates a general fund to oversee the religious, teaching and sports activities of Balkan Muslim Society – DRITA.

2Company limited by guarantee
The company is limited by guarantee and does not have a share capital. The liability of each member is limited to a maximum of £10. The total number of members at 31 March 2015 was 6.

3Tangible fixed assets

	£
Cost
At 1 April 2014	3,823
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	3,823
Depreciation
At 1 April 2014	2,580
Charge for the year	311
On disposals	-
At 31 March 2015	2,891
Net book values
At 31 March 2015	932
At 31 March 2014	1,243