Abbreviated Company Accounts - KELVIN MALONE BRIDGE CENTRE

KELVIN MALONE BRIDGE CENTRE - Company Information

Registered Number NI615888

KELVIN MALONE BRIDGE CENTRE

Abbreviated Accounts

31 March 2014

KELVIN MALONE BRIDGE CENTRE Registered Number NI615888

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014
		£
Fixed assets
Tangible assets	3	187,871
		187,871
Current assets
Stocks		60
Debtors		4,684
Cash at bank and in hand		48,225
		52,969
Creditors: amounts falling due within one year		(4,349)
Net current assets (liabilities)		48,620
Total assets less current liabilities		236,491
Provisions for liabilities		(18,837)
Total net assets (liabilities)		217,654
Reserves
Other reserves		223,019
Income and expenditure account		(5,365)
Members' funds		217,654

For the year ending 31 March 2014 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 31 August 2014

And signed on their behalf by:
Joan Baird, Director

KELVIN MALONE BRIDGE CENTRE Registered Number NI615888

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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
Income and expenditure are stated net of VAT.

Tangible assets depreciation policy
Additions to Tangible Assets represent the net book value of the assets of the unincorporated association of similar name taken over during the period.

Depreciation is provided on tangible assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful life as follows:
Property Straight line over 120 years
Computer Equipment 25% of cost
Other Equipment 20% of cost

Valuation information and policy
Stock is valued at the lower of cost or net realisable value.

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

3Tangible fixed assets

	£
Cost
Additions	190,405
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	190,405
Depreciation
Charge for the year	2,534
On disposals	-
At 31 March 2014	2,534
Net book values
At 31 March 2014	187,871

Tangible assets acquired from unincorporated Association; Leasehold Property £187919, Fixtures and Equipment £2486.