Exeter Youth Rugby Limited - Period Ending 2015-06-30

Registration number: 08370031

Exeter Youth Rugby Limited

 (A company limited by guarantee)
 
 Unaudited Abbreviated Accounts
 
 for the Period from 1 February 2014 to 30 June 2015

 

Thompson Jenner LLP
Chartered Accountants
1 Colleton Crescent
Exeter
Devon
EX2 4DG

Exeter Youth Rugby Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Exeter Youth Rugby Limited
(Registration number: 08370031)
Abbreviated Balance Sheet at 30 June 2015

		Note			30 June 2015 £			(As restated) 31 January 2014 £
Fixed assets
Tangible fixed assets					32,433			-
Current assets
Cash at bank and in hand					4,462			9,085
Creditors: Amounts falling due within one year					(1,200)			-
Net current assets					3,262			9,085
Net assets					35,695			9,085
Capital and reserves
Profit and loss account					35,695			9,085

For the period ending 30 June 2015 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the Board on 30 March 2016 and signed on its behalf by:

H Ward
 Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Exeter Youth Rugby Limited
Notes to the Abbreviated Accounts for the Period from 1 February 2014 to 30 June 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents fees and donations received from players and donors. Revenue is recognised when funds are received.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Leasehold improvements	10% straight line

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		36,037			36,037
At 30 June 2015		36,037			36,037
Depreciation
Charge for the period		3,604			3,604
At 30 June 2015		3,604			3,604
Net book value
At 30 June 2015		32,433			32,433

Page 2

Exeter Youth Rugby Limited
Notes to the Abbreviated Accounts for the Period from 1 February 2014 to 30 June 2015
......... continued

3	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.

4	Prior period adjustments

The figures in respect of the 2014 accounts have been restated as they were previously prepared on the cash basis. The comparatives now show the prior year figures on the accruals basis which is in accordance with UK GAAP. As a result of this change, the reserves as at 1 February 2014 have decreased by £12,659.

5

Control

The company is controlled by the director s .

Page 3