Abbreviated Company Accounts - THE AIREBOROUGH LEARNING PARTNERSHIP - A CO-OPERATIVE TRUST
Abbreviated Company Accounts - THE AIREBOROUGH LEARNING PARTNERSHIP - A CO-OPERATIVE TRUST
Registered Number 08819550
THE AIREBOROUGH LEARNING PARTNERSHIP - A CO-OPERATIVE TRUST
Abbreviated Accounts
31 March 2016
THE AIREBOROUGH LEARNING PARTNERSHIP - A CO-OPERATIVE TRUST Registered Number 08819550
Abbreviated Balance Sheet as at 31 March 2016
| Notes | 2016 | 2015 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Intangible assets |
|
|
|
| Tangible assets |
|
|
|
| Investments |
|
|
|
|
|
|||
| Current assets | |||
| Stocks |
|
|
|
| Debtors | 3 |
|
|
| Cash at bank and in hand |
|
|
|
|
|
|
||
| Prepayments and accrued income |
|
|
|
| Creditors: amounts falling due within one year |
( |
|
|
| Net current assets (liabilities) |
|
|
|
| Total assets less current liabilities |
|
|
|
| Total net assets (liabilities) |
|
|
|
| Reserves | |||
| Other reserves |
|
|
|
| Income and expenditure account |
|
|
|
| Members' funds |
|
|
|
For the year ending 31 March 2016 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
And signed on their behalf by:
THE AIREBOROUGH LEARNING PARTNERSHIP - A CO-OPERATIVE TRUST Registered Number 08819550
Notes to the Abbreviated Accounts for the period ended 31 March 2016
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
• the charity becomes entitled to the resources
• the Trustees are virtually certain they will receive the resources and
• the monetary value can be measured with sufficient reliability.
Where incoming resources have related expenditure the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources and are recognised in full in the year in which they are receivable.
Income from investments is included in the year in which it is receivable.
Donated services and facilities are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
The value of any voluntary help received is not included in the accounts but is described in the Trustees’ annual report.
Tangible assets depreciation policy
Intangible assets amortisation policy
Valuation information and policy
Other accounting policies
Expenditure is recognised on an annual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of the activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
2Company limited by guarantee
3Debtors