| Highlands Village Hall Management Association Limited |
| Company limited by gurantee |
| Registered number: |
06435955 |
| Abbreviated Balance Sheet |
| as at 31 August 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
17,361 |
|
|
21,691 |
|
| Current assets |
| Debtors |
|
|
1,118 |
|
|
1,282 |
| Cash at bank and in hand |
|
|
82,472 |
|
|
70,777 |
|
|
|
83,590 |
|
|
72,059 |
|
| Creditors: amounts falling due within one year |
|
|
(27,834) |
|
|
(22,329) |
|
| Net current assets |
|
|
|
55,756 |
|
|
49,730 |
|
| Net assets |
|
|
|
73,117 |
|
|
71,421 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Profit and loss account |
|
|
|
73,117 |
|
|
71,421 |
|
| Shareholders' funds |
|
|
|
73,117 |
|
|
71,421 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit 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 the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Julie Kenan |
| Director |
| Approved by the board on 15 November 2016 |
|
| Highlands Village Hall Management Association Limited |
| Company limited by guarantee |
| Notes to the Abbreviated Accounts |
| for the year ended 31 August 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Fixtures, fittings and equipment |
18%-25% written down Value |
|
Refubishment Cost |
18% written down value |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 September 2015 |
44,473 |
|
Additions |
(3,049) |
|
At 31 August 2016 |
41,424 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2015 |
22,782 |
|
Charge for the year |
1,281 |
|
At 31 August 2016 |
24,063 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2016 |
17,361 |
|
At 31 August 2015 |
21,691 |
|
|
|
|
|
|
|
|
| 3 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Julie Kenan |
|
Loan |
(18) |
|
18 |
|
- |
|
- |
|
|
|
(18) |
|
18 |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
