Abbreviated Company Accounts - BROMLEY VALLEY GYMNASTIC CENTRE

BROMLEY VALLEY GYMNASTIC CENTRE - Company Information

Registered Number 02639662

BROMLEY VALLEY GYMNASTIC CENTRE

Abbreviated Accounts

31 December 2015

BROMLEY VALLEY GYMNASTIC CENTRE Registered Number 02639662

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets		-	-
Tangible assets	3	102,472	101,188
Investments		-	-
		102,472	101,188
Current assets
Stocks		2,416	2,505
Debtors		97,303	14,550
Investments		-	-
Cash at bank and in hand		93,806	78,142
		193,525	95,197
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(167,300)	(81,087)
Net current assets (liabilities)		26,225	14,110
Total assets less current liabilities		128,697	115,298
Creditors: amounts falling due after more than one year		(57,657)	(74,500)
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		71,040	40,798
Reserves
Revaluation reserve		0	0
Other reserves		0	0
Income and expenditure account		71,040	40,798
Members' funds		71,040	40,798

For the year ending 31 December 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 23 September 2016

And signed on their behalf by:
Mr A Macduff, Director

BROMLEY VALLEY GYMNASTIC CENTRE Registered Number 02639662

Notes to the Abbreviated Accounts for the period ended 31 December 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 the value, net of value added tax and discounts, of goods provided to customers and wok carried out in respect of services provided to customers.

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

Land & Buildings (Centre Refurbishment) - 4% Straight Line
Fixtures and equipment - 10% Reducing Balance

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value, after due regard to obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Leasing and hire purchase commitments
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 January 2015	731,836
Additions	26,525
Disposals	0
Revaluations	0
Transfers	0
At 31 December 2015	758,361
Depreciation
At 1 January 2015	630,648
Charge for the year	25,241
On disposals	0
At 31 December 2015	655,889
Net book values
At 31 December 2015	102,472
At 31 December 2014	101,188