Abbreviated Company Accounts - THE QUEEN SQUARE (BRISTOL) ASSOCIATION LIMITED
Abbreviated Company Accounts - THE QUEEN SQUARE (BRISTOL) ASSOCIATION LIMITED
Registered Number 03696663
THE QUEEN SQUARE (BRISTOL) ASSOCIATION LIMITED
Abbreviated Accounts
31 January 2016
THE QUEEN SQUARE (BRISTOL) ASSOCIATION LIMITED Registered Number 03696663
Abbreviated Balance Sheet as at 31 January 2016
| Notes | 2016 | 2015 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Intangible assets |
|
|
|
| Tangible assets |
|
|
|
| Investments |
|
|
|
|
|
|||
| Current assets | |||
| Stocks |
|
|
|
| Debtors |
|
|
|
| Investments |
|
|
|
| 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 |
|
|
|
| Creditors: amounts falling due after more than one year |
|
|
|
| Provisions for liabilities |
|
|
|
| Accruals and deferred income |
|
|
|
| Total net assets (liabilities) |
|
|
|
| Reserves | |||
| Revaluation reserve |
|
|
|
| Other reserves |
|
|
|
| Income and expenditure account |
|
|
|
| Members' funds |
|
|
|
For the year ending 31 January 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 QUEEN SQUARE (BRISTOL) ASSOCIATION LIMITED Registered Number 03696663
Notes to the Abbreviated Accounts for the period ended 31 January 2016
1Accounting Policies
Basis of measurement and preparation of accounts
Basis of measurement and preparation of accounts
The financial statements are prepared in accordance with the Statement of Recommended Practice "Accounting by Charities 2000" and applicable accounting standards. The particular accounting policies adopted by the trustees are described below.
Accounting Convention
The financial statements are prepared under the historical cost convention.
Fund Accounting
General unrestricted funds represent unrestricted income which is expendable at the discretion of the trustees in the furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.
Incoming Resources
All income is recognised in the statement of financial activities when the conditions for receipt have been made and there is reasonable assurance of receipt. Where a claim for repayment of income tax has or will be made, such income is grossed up for the tax recoverable. The following accounting policies applied to income:
Grants Receivable
Grants are recognised in the statement of financial activities when the conditions for receipt have been complied with.
Interest Received
Interest is accounted for when receivable.
Donations
All donations and all other receipts from fundraising are reported gross and related fundraising costs are reported in other expenditure.
2Company limited by guarantee