Abbreviated Company Accounts - CAERNARVONSHIRE & ANGLESEY MOTOR CLUB LIMITED

Abbreviated Company Accounts - CAERNARVONSHIRE & ANGLESEY MOTOR CLUB LIMITED

CAERNARVONSHIRE & ANGLESEY MOTOR CLUB LIMITED - Company Information

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Registered Number 01863993

CAERNARVONSHIRE & ANGLESEY MOTOR CLUB LIMITED

Abbreviated Accounts

31 October 2015

CAERNARVONSHIRE & ANGLESEY MOTOR CLUB LIMITED Registered Number 01863993

Abbreviated Balance Sheet as at 31 October 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 3 357 476
357 476
Current assets
Cash at bank and in hand 33,768 27,343
33,768 27,343
Creditors: amounts falling due within one year (494) (492)
Net current assets (liabilities) 33,274 26,851
Total assets less current liabilities 33,631 27,327
Total net assets (liabilities) 33,631 27,327
Reserves
Income and expenditure account 33,631 27,327
Members' funds 33,631 27,327
  • For the year ending 31 October 2015 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 16 May 2016

And signed on their behalf by:
Dafydd W Edwards, Director

CAERNARVONSHIRE & ANGLESEY MOTOR CLUB LIMITED Registered Number 01863993

Notes to the Abbreviated Accounts for the period ended 31 October 2015

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 income received from events, members subscriptions and merchandise sold.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 25% reducing balance

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

3Tangible fixed assets
£
Cost
At 1 November 2014 18,763
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2015 18,763
Depreciation
At 1 November 2014 18,287
Charge for the year 119
On disposals -
At 31 October 2015 18,406
Net book values
At 31 October 2015 357
At 31 October 2014 476