Abbreviated Company Accounts - KILLESHER COMMUNITY DEVELOPMENT ASSOCIATION

KILLESHER COMMUNITY DEVELOPMENT ASSOCIATION - Company Information

Registered Number NI034301

KILLESHER COMMUNITY DEVELOPMENT ASSOCIATION

Abbreviated Accounts

30 December 2015

KILLESHER COMMUNITY DEVELOPMENT ASSOCIATION Registered Number NI034301

Abbreviated Balance Sheet as at 30 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	3	562,287	549,138
		562,287	549,138
Current assets
Debtors		-	486
Cash at bank and in hand		8,337	4,904
		8,337	5,390
Creditors: amounts falling due within one year		(27,430)	(26,424)
Net current assets (liabilities)		(19,093)	(21,034)
Total assets less current liabilities		543,194	528,104
Accruals and deferred income		(32,230)	(6,600)
Total net assets (liabilities)		510,964	521,504
Reserves
Other reserves		477,231	488,871
Income and expenditure account		33,733	32,633
Members' funds		510,964	521,504

For the year ending 30 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 5 September 2016

And signed on their behalf by:
Desmond Reid, Director
Patrick Drumm, Director

KILLESHER COMMUNITY DEVELOPMENT ASSOCIATION Registered Number NI034301

Notes to the Abbreviated Accounts for the period ended 30 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 total invoice value excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

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

Land and Buildings - straight line over 50 years
Leasehold Properties - straight line over the life of the lease
Fixtures, Fittings and Equipment - 20 % straight line

Other accounting policies
Government Grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital. The liability of any member is limited to £1.

3Tangible fixed assets

	£
Cost
At 31 December 2014	658,326
Additions	33,239
Disposals	-
Revaluations	-
Transfers	-
At 30 December 2015	691,565
Depreciation
At 31 December 2014	109,188
Charge for the year	20,090
On disposals	-
At 30 December 2015	129,278
Net book values
At 30 December 2015	562,287
At 30 December 2014	549,138