| The North End Bowling Club Ltd |
| Accountants' Report |
|
|
| Accountants' report to the directors of |
| The North End Bowling Club Ltd |
|
| You consider that the company is exempt from an audit for the year ended 31 December 2015. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
| In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
| We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
| ...................................................................... |
| AA Accountancy Ltd |
| Incorporated Practising Accountants |
|
| 68, Kensington Road |
| Copnor |
| Portsmouth |
| Hampshire |
| PO2 0JR |
|
| 22 January 2016 |
|
| The North End Bowling Club Ltd |
| Registered number: |
00100122 |
| Abbreviated Balance Sheet |
| as at 31 December 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
241,201 |
|
|
241,201 |
| Tangible assets |
3 |
|
|
91,236 |
|
|
91,025 |
|
|
|
|
332,437 |
|
|
332,226 |
|
| Current assets |
| Stocks |
|
|
1,717 |
|
|
2,181 |
| Debtors |
|
|
- |
|
|
94 |
| Investments held as current assets |
|
|
49,000 |
|
|
89,005 |
| Cash at bank and in hand |
|
|
81,052 |
|
|
31,701 |
|
|
|
131,769 |
|
|
122,981 |
|
| Creditors: amounts falling due within one year |
|
|
(7,888) |
|
|
(5,781) |
|
| Net current assets |
|
|
|
123,881 |
|
|
117,200 |
|
| Total assets less current liabilities |
|
|
|
456,318 |
|
|
449,426 |
|
|
| Provisions for liabilities |
|
|
|
(83,933) |
|
|
(83,933) |
|
|
| Net assets |
|
|
|
372,385 |
|
|
365,493 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
895 |
|
|
895 |
| Share premium |
|
|
|
360 |
|
|
360 |
| Profit and loss account |
|
|
|
371,130 |
|
|
364,238 |
|
| Shareholders' funds |
|
|
|
372,385 |
|
|
365,493 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
| ............................................ |
| S Davison |
| Director |
| Approved by the board on 22 January 2016 |
|
| The North End Bowling Club Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax (where applicable) and discounts, of goods and services provided to customers and members and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Freehold property |
None |
|
Equipment, furniture, fittings |
15% reducing balance |
|
Storage shed |
25% straight line basis |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
241,201 |
|
At 31 December 2015 |
241,201 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 December 2015 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
241,201 |
|
At 31 December 2014 |
241,201 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
131,878 |
|
Additions |
3,742 |
|
At 31 December 2015 |
135,620 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2015 |
40,853 |
|
Charge for the year |
3,531 |
|
At 31 December 2015 |
44,384 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
91,236 |
|
At 31 December 2014 |
91,025 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
2015 |
|
2014 |
|
2015 |
|
2014 |
| Number |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares of £1 each |
895 |
|
775 |
|
895 |
|
895 |
|
|
|
|
|
|
|
|
|
