Abbreviated Company Accounts - THE WOODCOTE FLYING CLUB LIMITED

THE WOODCOTE FLYING CLUB LIMITED - Company Information

08101319 THE WOODCOTE FLYING CLUB LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 08101319 2014-07-01 2015-06-30 08101319 2015-06-30 08101319 2014-06-30 08101319 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 08101319 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 08101319

THE WOODCOTE FLYING CLUB LIMITED

Abbreviated Accounts

30 June 2015

THE WOODCOTE FLYING CLUB LIMITED Registered Number 08101319

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	5,339	6,101
Tangible assets	3	6,620	6,746
		11,959	12,847
Current assets
Stocks		6,627	5,680
Debtors		6,629	4,500
Cash at bank and in hand		3,081	2,339
		16,337	12,519
Creditors: amounts falling due within one year		(22,081)	(19,159)
Net current assets (liabilities)		(5,744)	(6,640)
Total assets less current liabilities		6,215	6,207
Provisions for liabilities		(1,324)	-
Total net assets (liabilities)		4,891	6,207
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		4,791	6,107
Shareholders' funds		4,891	6,207

For the year ending 30 June 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 18 August 2016

And signed on their behalf by:
Mr Steven Green, Director

THE WOODCOTE FLYING CLUB LIMITED Registered Number 08101319

Notes to the Abbreviated Accounts for the period ended 30 June 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 amounts receivable for goods and services net of VAT and trade discounts.

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

Computer equipment 25% reducing balance
Fixtures, fittings & equipment 15% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual installments over its estimated useful economic life.

2Intangible fixed assets

	£
Cost
At 1 July 2014	7,625
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	7,625
Amortisation
At 1 July 2014	1,524
Charge for the year	762
On disposals	-
At 30 June 2015	2,286
Net book values
At 30 June 2015	5,339
At 30 June 2014	6,101

3Tangible fixed assets

	£
Cost
At 1 July 2014	8,830
Additions	1,164
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	9,994
Depreciation
At 1 July 2014	2,084
Charge for the year	1,290
On disposals	-
At 30 June 2015	3,374
Net book values
At 30 June 2015	6,620
At 30 June 2014	6,746

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100