A11-1 - Final Accounts preparation

THE SUFFOLK COAST LIMITED - Company Information

Registered number: 07931321

THE SUFFOLK COAST LIMITED

(A company limited by guarantee)

UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016


THE SUFFOLK COAST LIMITED (A company limited by guarantee) REGISTERED NUMBER: 07931321

ABBREVIATED BALANCE SHEET

AS AT 31 MARCH 2016

2016

2015

	Note	£	£	£	£
FIXED ASSETS
Tangible assets	2		333		782

CURRENT ASSETS
Debtors	13,708		10,834
Cash at bank	59,626		47,151

	73,334		57,985
CREDITORS: amounts falling due within one year	(56,312)		(56,353)
NET CURRENT ASSETS		17,022		1,632

TOTAL ASSETS LESS CURRENT LIABILITIES

17,355

2,414

CAPITAL AND RESERVES
Profit and loss account			17,355		2,414

17,355

2,414

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THE SUFFOLK COAST LIMITED (A company limited by guarantee)

ABBREVIATED BALANCE SHEET (continued)

AS AT 31 MARCH 2016

The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 March 2016 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by:

................................................

Mr Timothy Rowan-Robinson

Director

Date: 14 September 2016

The notes on pages 3 to 4 form part of these financial statements.

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THE SUFFOLK COAST LIMITED (A company limited by guarantee)

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

1.ACCOUNTING POLICIES

	1.1	Basis of preparation of financial statements
		The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	1.2	Going concern
		The company continues to meet its day-to-day working capital requirements through its cash reserves and grant funding received. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

	1.3	Turnover
		Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

	1.4	Tangible fixed assets and depreciation
		Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office equipment

33.3% straight line

	1.5	Government grants
		Government grants received are Revenue grants and therefore credited to the Profit and loss account as the related expenditure is incurred.

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THE SUFFOLK COAST LIMITED (A company limited by guarantee)

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

2.TANGIBLE FIXED ASSETS

		£
	Cost
	At 1 April 2015 and 31 March 2016	1,351

	Depreciation
	At 1 April 2015	569
	Charge for the year	449
	At 31 March 2016	1,018

	Net book value
	At 31 March 2016	333
	At 31 March 2015	782

3.COMPANY STATUS

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

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