Foxhill Indoor Bowls Club Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02696542 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

FOXHILL INDOOR BOWLS CLUB LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Henry Charles Beach

Peter Stanley Davis

Mrs Wendy James

Raymond John Keen

Mrs Judith Gillian Plater

Raymond Edwin Charles Rouse

Anthony William Charles White

SECRETARY:

Peter Stanley Davis

REGISTERED OFFICE:

Wendover Road

Aylesbury

Buckinghamshire

HP21 9NJ

REGISTERED NUMBER:

02696542 (England and Wales)

ACCOUNTANTS:

Probitts & Co

Chartered Accountants

1st Floor 1 Carrera House

Merlin Court

Gatehouse Close

Aylesbury

Buckinghamshire

HP19 8DP

FIXED ASSETS

Tangible assets

2

201,040

212,441

CURRENT ASSETS

Debtors

2,737

2,526

Cash at bank

104,581

95,362

107,318

97,888

CREDITORS

Amounts falling due within one year

(19,103

)

(18,950

)

NET CURRENT ASSETS

88,215

78,938

TOTAL ASSETS LESS CURRENT LIABILITIES

289,255

291,379

PROVISIONS FOR LIABILITIES

(1,204

)

(1,800

)

NET ASSETS

288,051

289,579

CAPITAL AND RESERVES

Called up share capital

3

109,400

Profit and loss account

178,651

180,179

SHAREHOLDERS' FUNDS

288,051

289,579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394
and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 6 July 2016 and were signed on its behalf by:

Raymond John Keen - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents rental charges due for the provision of sports facilities, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

2% on cost

Plant and equipment

-

25% on reducing balance and 12.5% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period

of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

527,609

DEPRECIATION

At 1 May 2015

315,168

Charge for year

11,401

At 30 April 2016

326,569

NET BOOK VALUE

At 30 April 2016

201,040

At 30 April 2015

212,441

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

3,278

Ordinary

£25

81,950

1,098

Deferred

£25

27,450

109,400