Abbreviated Company Accounts - THE STOPSLEY PROJECT

THE STOPSLEY PROJECT - Company Information

Registered Number 03409821

THE STOPSLEY PROJECT

Abbreviated Accounts

31 July 2016

THE STOPSLEY PROJECT Registered Number 03409821

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	3	1,054	560
		1,054	560
Current assets
Debtors		1,974	800
Cash at bank and in hand		34,438	27,617
		36,412	28,417
Creditors: amounts falling due within one year		(2,076)	(817)
Net current assets (liabilities)		34,336	27,600
Total assets less current liabilities		35,390	28,160
Total net assets (liabilities)		35,390	28,160
Reserves
Income and expenditure account		35,390	28,160
Members' funds		35,390	28,160

For the year ending 31 July 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 February 2017

And signed on their behalf by:
JEREMY ALLEN, Director

THE STOPSLEY PROJECT Registered Number 03409821

Notes to the Abbreviated Accounts for the period ended 31 July 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.

Turnover policy
Incoming resources
All incoming resources are included when the company is entitled to the income & the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations & gifts & is included in full when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the company, are recognized when the company becomes unconditionally entitled to the grant. Donated services & facilities are included at the value to the company where this can be quantified. The value of services provided by volunteers has not been included in these accounts. Investment income is included when receivable. Incoming resources from grants, where related to performance & specific deliverables, are accounted for as it earns the right to consideration by its performance.

Tangible assets depreciation policy
Depreciation is calculated to write off the cost or re-valued amount less estimated residual value of fixed assets on a reducing balance basis over the estimated useful lives, which in all cases is 3 years. Items of equipment are capitalised where the purchase price exceeds £500.

Other accounting policies
Resources expended
Resources expended are recognized in the year in which they are incurred and includes attributable VAT which cannot be recovered. No payments have been made to the Trustees.

Unrestricted funds
Unrestricted funds are donations & other incoming resources receivable or generated for the objects of the charity without further specified purpose & are available as general funds.

Designated funds
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

Restricted funds
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

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

3Tangible fixed assets

	£
Cost
At 1 August 2015	9,703
Additions	924
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	10,627
Depreciation
At 1 August 2015	9,143
Charge for the year	430
On disposals	-
At 31 July 2016	9,573
Net book values
At 31 July 2016	1,054
At 31 July 2015	560