Abbreviated Company Accounts - MAGHABERRY COMMUNITY ASSOCIATION

MAGHABERRY COMMUNITY ASSOCIATION - Company Information

Registered Number NI606737

MAGHABERRY COMMUNITY ASSOCIATION

Abbreviated Accounts

31 March 2016

MAGHABERRY COMMUNITY ASSOCIATION Registered Number NI606737

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	3	583	1,172
		583	1,172
Current assets
Cash at bank and in hand		13,345	13,298
		13,345	13,298
Creditors: amounts falling due within one year		(1,075)	(1,726)
Net current assets (liabilities)		12,270	11,572
Total assets less current liabilities		12,853	12,744
Total net assets (liabilities)		12,853	12,744
Reserves
Income and expenditure account		12,853	12,744
Members' funds		12,853	12,744

For the year ending 31 March 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 7 December 2016

And signed on their behalf by:
Helen Reddick, Director

MAGHABERRY COMMUNITY ASSOCIATION Registered Number NI606737

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment - 20 % Straight line
Fixtures and Fittings - 20 % Straight line

2Company limited by guarantee
Maghaberry Community Centre is a company limited by guarantee and accordingly does not have a share capital. Each member of the company has undertaken to contribute such amounts as will 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

3Tangible fixed assets

	£
Cost
At 1 April 2015	2,950
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	2,950
Depreciation
At 1 April 2015	1,778
Charge for the year	589
On disposals	-
At 31 March 2016	2,367
Net book values
At 31 March 2016	583
At 31 March 2015	1,172