Abbreviated Company Accounts - HAGLEY AND DISTRICT LIGHT CAR CLUB LIMITED

HAGLEY AND DISTRICT LIGHT CAR CLUB LIMITED - Company Information

Registered Number 00898044

HAGLEY AND DISTRICT LIGHT CAR CLUB LIMITED

Abbreviated Accounts

30 November 2015

HAGLEY AND DISTRICT LIGHT CAR CLUB LIMITED Registered Number 00898044

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	3	51,134	59,504
		51,134	59,504
Current assets
Stocks		4,426	4,156
Debtors		21,236	32,070
Cash at bank and in hand		211,725	174,042
		237,387	210,268
Creditors: amounts falling due within one year		(14,318)	(33,575)
Net current assets (liabilities)		223,069	176,693
Total assets less current liabilities		274,203	236,197
Total net assets (liabilities)		274,203	236,197
Reserves
Other reserves		92,020	92,020
Income and expenditure account		182,183	144,177
Members' funds		274,203	236,197

For the year ending 30 November 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 4 April 2016

And signed on their behalf by:
S Layton, Director

HAGLEY AND DISTRICT LIGHT CAR CLUB LIMITED Registered Number 00898044

Notes to the Abbreviated Accounts for the period ended 30 November 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 subscriptions and competition income arising entirely within the United Kingdom, net of value added tax and trade discounts.

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

Leasehold property straight line over the length of the lease
Plant and machinery 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 December 2014	188,062
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	188,062
Depreciation
At 1 December 2014	128,558
Charge for the year	8,370
On disposals	-
At 30 November 2015	136,928
Net book values
At 30 November 2015	51,134
At 30 November 2014	59,504