Frome & District Pistol Club Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08986334 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Frome & District Pistol Club Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G P Bottard

B S Morgan

G J Duckett

K C Howell

SECRETARY:

G J Duckett

REGISTERED OFFICE:

Lowerfield Barn

Combe Florey

Taunton

Somerset

TA4 3JB

REGISTERED NUMBER:

08986334 (England and Wales)

ACCOUNTANTS:

King Watkins Ltd

The Island House

Midsomer Norton

Radstock

Somerset

BA3 2DZ

FIXED ASSETS

Tangible assets

2

11,543

-

CURRENT ASSETS

Stocks

7,242

-

Cash at bank

75,014

-

82,256

-

CREDITORS

Amounts falling due within one year

16,328

-

NET CURRENT ASSETS

65,928

-

TOTAL ASSETS LESS CURRENT LIABILITIES

77,471

-

RESERVES

Income and expenditure account

77,471

-

77,471

-

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 surplus or deficit 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 15 February 2016 and were signed on its behalf by:

G P Bottard - 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 net invoiced sale of goods and services, 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the income and expenditure account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

12,699

At 31 December 2015

12,699

DEPRECIATION

Charge for year

1,156

At 31 December 2015

1,156

NET BOOK VALUE

At 31 December 2015

11,543