Abbreviated Company Accounts - COLERAINE LOCAL ACTION GROUP FOR ENTERPRISE

COLERAINE LOCAL ACTION GROUP FOR ENTERPRISE - Company Information

Registered Number NI032244

COLERAINE LOCAL ACTION GROUP FOR ENTERPRISE

Abbreviated Accounts

31 March 2016

COLERAINE LOCAL ACTION GROUP FOR ENTERPRISE Registered Number NI032244

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	3	3,609	4,245
		3,609	4,245
Total assets less current liabilities		3,609	4,245
Accruals and deferred income		(3,609)	(4,245)
Total net assets (liabilities)		0	0

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 19 December 2016

And signed on their behalf by:
H E J Montgomery, Director

COLERAINE LOCAL ACTION GROUP FOR ENTERPRISE Registered Number NI032244

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and comply with financial reporting standards of the Accounting Standards Board.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, Fittings and Equipment - 15% reducing balance

Other accounting policies
The company has not traded during the year.

Government Grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 April 2015	31,365
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	31,365
Depreciation
At 1 April 2015	27,120
Charge for the year	636
On disposals	-
At 31 March 2016	27,756
Net book values
At 31 March 2016	3,609
At 31 March 2015	4,245