Abbreviated Company Accounts - HUNTS KART RACING CLUB LIMITED

Abbreviated Company Accounts - HUNTS KART RACING CLUB LIMITED

HUNTS KART RACING CLUB LIMITED - Company Information

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Registered Number 01597143

HUNTS KART RACING CLUB LIMITED

Abbreviated Accounts

31 December 2013

HUNTS KART RACING CLUB LIMITED Registered Number 01597143

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 3 239,417 200,682
239,417 200,682
Current assets
Stocks - -
Debtors 4,050 5,383
Investments - -
Cash at bank and in hand 116,090 138,704
120,140 144,087
Creditors: amounts falling due within one year (14,481) (16,927)
Net current assets (liabilities) 105,659 127,160
Total assets less current liabilities 345,076 327,842
Total net assets (liabilities) 345,076 327,842
Reserves
Income and expenditure account 345,076 327,842
Members' funds 345,076 327,842
  • 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 13 September 2014

And signed on their behalf by:
J Needham, Director

HUNTS KART RACING CLUB LIMITED Registered Number 01597143

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

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
Turnover represents the value of goods and services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Land and buildings - 5% to 10% straight line
Fixtures and equipment - 25% straight line
Motor vehicles - 25% straight line

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

3Tangible fixed assets
£
Cost
At 1 January 2013 495,613
Additions 75,168
Disposals (10,646)
Revaluations -
Transfers -
At 31 December 2013 560,135
Depreciation
At 1 January 2013 294,931
Charge for the year 36,002
On disposals (10,215)
At 31 December 2013 320,718
Net book values
At 31 December 2013 239,417
At 31 December 2012 200,682