Abbreviated Company Accounts - SPITALFIELDS SMALL BUSINESS ASSOCIATION

Abbreviated Company Accounts - SPITALFIELDS SMALL BUSINESS ASSOCIATION

SPITALFIELDS SMALL BUSINESS ASSOCIATION - Company Information

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Registered Number 01581145

SPITALFIELDS SMALL BUSINESS ASSOCIATION

Abbreviated Accounts

31 March 2016

SPITALFIELDS SMALL BUSINESS ASSOCIATION Registered Number 01581145

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 3 1,995,786 1,996,381
1,995,786 1,996,381
Current assets
Debtors 50,016 42,339
Cash at bank and in hand 50,690 2,539
100,706 44,878
Creditors: amounts falling due within one year (359,408) (414,544)
Net current assets (liabilities) (258,702) (369,666)
Total assets less current liabilities 1,737,084 1,626,715
Creditors: amounts falling due after more than one year (66,732) (90,368)
Total net assets (liabilities) 1,670,352 1,536,347
Reserves
Income and expenditure account 1,670,352 1,536,347
Members' funds 1,670,352 1,536,347
  • 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 21 December 2016

And signed on their behalf by:
Mr. A Choudhury, Director

SPITALFIELDS SMALL BUSINESS ASSOCIATION Registered Number 01581145

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.

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

3Tangible fixed assets
£
Cost
At 1 April 2015 1,999,073
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 1,999,073
Depreciation
At 1 April 2015 2,692
Charge for the year 595
On disposals -
At 31 March 2016 3,287
Net book values
At 31 March 2016 1,995,786
At 31 March 2015 1,996,381