North Shropshire Grass Track Car Club Limited - Abbreviated accounts

Registered number

01423140

North Shropshire Grass Track Car Club Limited

Abbreviated Accounts

31 October 2015

North Shropshire Grass Track Car Club Limited
Registered number:		01423140
Abbreviated Balance Sheet
as at 31 October 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		195			229

Current assets
Debtors		993			688
Cash at bank and in hand		31,150			31,243
		32,143			31,931

Creditors: amounts falling due within one year		(3,920)			(3,502)

Net current assets			28,223			28,429

Net assets			28,418			28,658

Capital and reserves
Profit and loss account			28,418			28,658

Members' funds			28,418			28,658

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



E Ashley
Director
Approved by the board on 25 July 2016

North Shropshire Grass Track Car Club Limited
Notes to the Abbreviated Accounts
for the year ended 31 October 2015

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery	15% reducing balance


2	Tangible fixed assets		£

	Cost
	At 1 November 2014		3,254
	At 31 October 2015		3,254

	Depreciation
	At 1 November 2014		3,025
	Charge for the year		34
	At 31 October 2015		3,059

	Net book value
	At 31 October 2015		195
	At 31 October 2014		229