Abbreviated Company Accounts - DURHAM VINEYARD

Registered Number 05899754

DURHAM VINEYARD

Abbreviated Accounts

31 December 2013

DURHAM VINEYARD Registered Number 05899754

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	3	492	957
		492	957
Current assets
Debtors		1,042	5,457
Cash at bank and in hand		6,705	5,326
		7,747	10,783
Creditors: amounts falling due within one year		(7,683)	(10,291)
Net current assets (liabilities)		64	492
Total assets less current liabilities		556	1,449
Total net assets (liabilities)		556	1,449
Reserves
Income and expenditure account		556	1,449
Members' funds		556	1,449

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 25 September 2014

And signed on their behalf by:
Peter MacLellan, Director

DURHAM VINEYARD Registered Number 05899754

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
Incoming Resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
• Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable.
• Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
• Investment income is included when receivable.
• Incoming resources from charitable trading activity are accounted for when earned.

Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. The charitable company is not registered for VAT and accordingly expenditure is shown gross of unrecoverable VAT.

Tangible assets depreciation policy
Tangible assets are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £100 are not capitalised. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, on the following basis:-

Office and computer equipment 3 year straight line
Audio-visual and p.a. equipment 3 year straight line
Musical Instruments 5 year straight line
Office furnishings, trailers and vehicles 5 year 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	4,528
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 31 December 2013	4,528
Depreciation
At 1 January 2013	3,571
Charge for the year	465
On disposals	-
At 31 December 2013	4,036
Net book values
At 31 December 2013	492
At 31 December 2012	957