Abbreviated Company Accounts - LIGHT ON THE MOUNT

LIGHT ON THE MOUNT - Company Information

Registered Number 03590949

LIGHT ON THE MOUNT

Abbreviated Accounts

31 May 2016

LIGHT ON THE MOUNT Registered Number 03590949

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	3	5,228	2,111
		5,228	2,111
Current assets
Stocks		25,786	25,934
Debtors		8,048	10,293
Cash at bank and in hand		27,826	36,724
		61,660	72,951
Creditors: amounts falling due within one year		(19,599)	(23,066)
Net current assets (liabilities)		42,061	49,885
Total assets less current liabilities		47,289	51,996
Total net assets (liabilities)		47,289	51,996
Reserves
Income and expenditure account		47,289	51,996
Members' funds		47,289	51,996

For the year ending 31 May 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 1 February 2017

And signed on their behalf by:
Dr C Graves, Director

LIGHT ON THE MOUNT Registered Number 03590949

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), as amended by Update Bulletin 1 published in February 2016 and in accordance with company law.

Tangible assets depreciation policy
Depreciation is generally calculated so that the cost of tangible fixed assets less their residual value are written off over their estimated useful lives. The following depreciation rates apply:

Fixtures, fittings and tools - 25% straight line
Leasehold improvements - The shorter of 10% or over the remaining term of the lease

2Company limited by guarantee
The Company is limited by guarantee and consequently does not have share capital. The Company is also a charity registered in England and Wales, number 3590949. An unabridged copy of the accounts is freely available from the Charity Commission's website.

3Tangible fixed assets

	£
Cost
At 1 June 2015	59,334
Additions	3,919
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	63,253
Depreciation
At 1 June 2015	57,223
Charge for the year	802
On disposals	-
At 31 May 2016	58,025
Net book values
At 31 May 2016	5,228
At 31 May 2015	2,111