Abbreviated Company Accounts - DEVON ENVIRONMENTAL BUSINESS INITIATIVE LIMITED

DEVON ENVIRONMENTAL BUSINESS INITIATIVE LIMITED - Company Information

Registered Number 02711521

DEVON ENVIRONMENTAL BUSINESS INITIATIVE LIMITED

Abbreviated Accounts

30 April 2016

DEVON ENVIRONMENTAL BUSINESS INITIATIVE LIMITED Registered Number 02711521

Abbreviated Balance Sheet as at 30 April 2016

	2016	2015
	£	£
Current assets
Debtors	-	100
Cash at bank and in hand	7,993	12,880
	7,993	12,980
Creditors: amounts falling due within one year	(69)	(36)
Net current assets (liabilities)	7,924	12,944
Total assets less current liabilities	7,924	12,944
Total net assets (liabilities)	7,924	12,944
Reserves
Other reserves	7,924	12,944
Members' funds	7,924	12,944

For the year ending 30 April 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 12 January 2017

And signed on their behalf by:
PM Morgan, Director
JR Smith, Director

DEVON ENVIRONMENTAL BUSINESS INITIATIVE LIMITED Registered Number 02711521

Notes to the Abbreviated Accounts for the period ended 30 April 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 January 2015) and the Statement of Recommended Practice: Accounting and Reporting by Charities issued in March 2005.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of an asset as follows:

Office equipment - 20% per annum on a straight line basis.

Other accounting policies
Incoming resources
All incoming resources are included in the statement of financial activities when received.

Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred and includes VAT which is not recoverable by the charitable company.
All expenditure comprises those costs incurred by the charitable company in the delivery of its activities and services for its beneficiaries whether they can be allocated directly to such activities or are of an indirect nature necessary to support them.

2Company limited by guarantee
Every member of the company undertakes to contribute to the assets in the event of the company being wound up while they are a member (or within one year after they cease to be a member). Each member will contribute for payment of the debts and liabilities of the company and of the costs, charges and expenses of winding up, and such amounts as may be required but not exceeding £1.