Abbreviated Company Accounts - FREEDOM IN CHRIST MINISTRIES

FREEDOM IN CHRIST MINISTRIES - Company Information

Registered Number 03984116

FREEDOM IN CHRIST MINISTRIES

Abbreviated Accounts

30 June 2015

FREEDOM IN CHRIST MINISTRIES Registered Number 03984116

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	3	3,073	1,004
		3,073	1,004
Current assets
Stocks		19,233	15,796
Debtors		19,270	10,789
Cash at bank and in hand		77,699	48,818
		116,202	75,403
Creditors: amounts falling due within one year		(10,805)	(6,534)
Net current assets (liabilities)		105,397	68,869
Total assets less current liabilities		108,470	69,873
Total net assets (liabilities)		108,470	69,873
Reserves
Income and expenditure account		108,470	69,873
Members' funds		108,470	69,873

For the year ending 30 June 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 December 2015

And signed on their behalf by:
Michael Benford, Director

FREEDOM IN CHRIST MINISTRIES Registered Number 03984116

Notes to the Abbreviated Accounts for the period ended 30 June 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 the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the statement of Recommended Practice : Accounting and Reporting by Charities issuedf in March 2005

Turnover policy
Voluntary income is received by way of donations, gifts and tax recoverable, and is included in the Statement of Financial Activities when received. The value of services provided by volunteers has not been included.
Investment income is included when receivable.
Incoming resources from sales of materials is included when receivable.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, which in all cases is estimated at 4 years. Items of equipment are capitalised where the purchase price exceeds £100.

Valuation information and policy
Stocks are valued at the lower of cost or net realisable value, exclusive of VAT.

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

3Tangible fixed assets

	£
Cost
At 1 July 2014	8,841
Additions	2,776
Disposals	(987)
Revaluations	-
Transfers	-
At 30 June 2015	10,630
Depreciation
At 1 July 2014	7,837
Charge for the year	707
On disposals	(987)
At 30 June 2015	7,557
Net book values
At 30 June 2015	3,073
At 30 June 2014	1,004