Abbreviated Company Accounts - NANTGARW CHINA WORKS TRUST

Abbreviated Company Accounts - NANTGARW CHINA WORKS TRUST

NANTGARW CHINA WORKS TRUST - Company Information

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Registered Number 06113689

NANTGARW CHINA WORKS TRUST

Abbreviated Accounts

31 March 2015

NANTGARW CHINA WORKS TRUST Registered Number 06113689

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 3 3,203 1,978
3,203 1,978
Current assets
Stocks 363 137
Cash at bank and in hand 30,643 24,318
31,006 24,455
Prepayments and accrued income 1,200 606
Creditors: amounts falling due within one year 4 (5,409) (1,141)
Net current assets (liabilities) 26,797 23,920
Total assets less current liabilities 30,000 25,898
Total net assets (liabilities) 30,000 25,898
Reserves
Income and expenditure account 30,000 25,898
Members' funds 30,000 25,898
  • 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 18 June 2015

And signed on their behalf by:
Michael Morris, Director

NANTGARW CHINA WORKS TRUST Registered Number 06113689

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
Voluntary income including membership, donations, gifts and grants that provide core funding are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Income from activities for generating funds is recognised as earned. Investment income is recognised on a receivable basis.

Tangible assets depreciation policy
All library books and ceramics purchased are capitalised and shown at cost.

Other accounting policies
Stock is included a the lower of cost and net realisable 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 1,978
Additions 1,225
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2015 3,203
Depreciation
At 1 April 2014 0
Charge for the year 0
On disposals 0
At 31 March 2015 0
Net book values
At 31 March 2015 3,203
At 31 March 2014 1,978
4Creditors
2015
£		 2014
£
Secured Debts 5,409 1,141