Hoole Community Development Trust - Abbreviated accounts 16.1

REGISTERED NUMBER: 07950960 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 29 February 2016

for

Hoole Community Development Trust

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S P Beveridge

A R K Black

R J Thompson

I L Thomas

D Hull

A G V Riddell

SECRETARY:

S P Beveridge

REGISTERED OFFICE:

Hoole Community Centre Westminster Road

Hoole

Chester

Cheshire

CH2 3AP

REGISTERED NUMBER:

07950960 (England and Wales)

ACCOUNTANTS:

Pursglove & Brown

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

FIXED ASSETS

Tangible assets

2

2,726

5,462

CURRENT ASSETS

Debtors

4,402

6,436

Cash at bank

52,552

42,937

56,954

49,373

CREDITORS

Amounts falling due within one year

(50,630

)

(45,971

)

NET CURRENT ASSETS

6,324

3,402

TOTAL ASSETS LESS CURRENT LIABILITIES

9,050

8,864

RESERVES

Profit and loss account

9,050

8,864

MEMBERS' FUNDS

9,050

8,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 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 profit or loss 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 2 November 2016 and were signed on its behalf by:

R J Thompson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of 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.

Plant and machinery etc

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

and 29 February 2016

8,936

DEPRECIATION

At 1 March 2015

3,474

Charge for year

2,736

At 29 February 2016

6,210

NET BOOK VALUE

At 29 February 2016

2,726

At 28 February 2015

5,462