| Ridge Radio |
|
| Report to the directors on the preparation of the unaudited abbreviated accounts of Ridge Radio for the year ended 31 January 2016 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Ridge Radio for the year ended 31 January 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
|
| Champ Consultants Ltd |
| Chartered Certified Accountants |
| 34 Westway |
| Caterham |
| Surrey |
| CR3 5TP |
|
| 29 October 2016 |
|
| Ridge Radio |
| Registered number: |
07492190 |
| Abbreviated Balance Sheet |
| as at 31 January 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
4,810 |
|
|
7,297 |
|
| Current assets |
| Stocks |
|
|
475 |
|
|
725 |
| Debtors |
|
|
4,071 |
|
|
3,013 |
| Cash at bank and in hand |
|
|
2,924 |
|
|
6,255 |
|
|
|
7,470 |
|
|
9,993 |
|
| Creditors: amounts falling due within one year |
|
|
(883) |
|
|
- |
|
| Net current assets |
|
|
|
6,587 |
|
|
9,993 |
|
| Net assets |
|
|
|
11,397 |
|
|
17,290 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Income & Expenditure Account |
|
|
|
11,397 |
|
|
17,290 |
|
| Reserves |
|
|
|
11,397 |
|
|
17,290 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
| M Baker |
| Director |
| Approved by the board on 29 October 2016 |
|
| Ridge Radio |
| Notes to the Abbreviated Accounts |
| for the year ended 31 January 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 April 2008). |
|
|
Turnover |
|
Income represents the net value to the company of funds receive via membership fees, grants, sponsorships, donations and sales of various merchandise. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Studio equipment |
20% straight line |
|
0 |
|
|
0 |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 February 2015 |
16,472 |
|
Additions |
850 |
|
At 31 January 2016 |
17,322 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2015 |
9,175 |
|
Charge for the year |
3,337 |
|
At 31 January 2016 |
12,512 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2016 |
4,810 |
|
At 31 January 2015 |
7,297 |
|
|
|
|
|
|
|
|
| 3 |
Company Limited by guarantee |
|
|
The company is a company limited by guarantee and therefore has no share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. |
