Abbreviated Company Accounts - NACUE

Registered Number 07401230

NACUE

Abbreviated Accounts

31 March 2016

NACUE Registered Number 07401230

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets		-	-
Tangible assets		-	-
Investments	3	1,000	1,000
		1,000	1,000
Current assets
Stocks		-	-
Debtors		14,320	7,471
Investments		-	-
Cash at bank and in hand		230	2,624
		14,550	10,095
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(13,680)	(10,320)
Net current assets (liabilities)		870	(225)
Total assets less current liabilities		1,870	775
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		0	0
Accruals and deferred income		0	(2,983)
Total net assets (liabilities)		1,870	(2,208)
Reserves
Revaluation reserve		0	0
Other reserves		0	0
Income and expenditure account		1,870	(2,208)
Members' funds		1,870	(2,208)

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 12 December 2016

And signed on their behalf by:
Professor John MacIntyre, Director

NACUE Registered Number 07401230

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 and the Charities Act 2011. They also follow the recommendations in the Standard of Recommended Practice Accounting and Reporting by Charities (issued in March 2005).

Turnover policy
1) Voluntary income receieved by way of donations and gifts and grants are all included in the financial statement when receiveable.
2) Standard income is recognised over the period it covers, with relevant accruals where income relates to future accounting period(s).

Other accounting policies
1) Resources are expended in direct proportion to the activity they relate to.
2) Governance costs are the costs associated with the governance of the charity, in relation to charitable law. These costs are associated with the constitutional and statutory requirements of the charitable activites.
3) As a charitable entity, it is exempt from taxation as all its income is charitable and is applied for charitable purposes.

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

3Fixed assets Investments
Shares in group undertakings.