Abbreviated Company Accounts - KINGDOM ADVANCE NETWORK

Abbreviated Company Accounts - KINGDOM ADVANCE NETWORK

KINGDOM ADVANCE NETWORK - Company Information

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Registered Number 07133411

KINGDOM ADVANCE NETWORK

Abbreviated Accounts

31 December 2013

KINGDOM ADVANCE NETWORK Registered Number 07133411

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 3 681,578 693,282
681,578 693,282
Current assets
Debtors 5,109 3,976
Cash at bank and in hand 116,512 154,937
121,621 158,913
Creditors: amounts falling due within one year 4 (7,965) (13,167)
Net current assets (liabilities) 113,656 145,746
Total assets less current liabilities 795,234 839,028
Creditors: amounts falling due after more than one year 4 (218,149) (225,709)
Total net assets (liabilities) 577,085 613,319
Reserves
Other reserves 1,116 300
Income and expenditure account 575,969 613,019
Members' funds 577,085 613,319
  • For the year ending 31 December 2013 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 14 September 2014

And signed on their behalf by:
H McCallum, Director

KINGDOM ADVANCE NETWORK Registered Number 07133411

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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 Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2005)', applicable accounting standards and the Companies Act 2006.

Turnover policy
Turnover represents the amount derived from the provision of goods and services falling within
the company's ordinary activities, excluding VAT.

Tangible assets depreciation policy
Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over
its estimated useful life:

Land and buildings 1% Reducing balance
Computer equipment 33.3% Reducing balance
Musical etc equipment 20% Reducing balance
Catering equipment 10% Reducing balance
Office furniture and equipment 10% Reducing balance
Furniture and fittings 10% Reducing balance

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

3Tangible fixed assets
£
Cost
At 1 January 2013 740,080
Additions 6,676
Disposals -
Revaluations -
Transfers -
At 31 December 2013 746,756
Depreciation
At 1 January 2013 46,798
Charge for the year 18,380
On disposals -
At 31 December 2013 65,178
Net book values
At 31 December 2013 681,578
At 31 December 2012 693,282
4Creditors
2013
£		 2012
£
Secured Debts 225,720 233,102
Instalment debts due after 5 years 185,427 190,886