Abbreviated Company Accounts - FFAIR GARON CYFYNGEDIG

FFAIR GARON CYFYNGEDIG - Company Information

Registered Number 05156687

FFAIR GARON CYFYNGEDIG

Abbreviated Accounts

30 June 2014

FFAIR GARON CYFYNGEDIG Registered Number 05156687

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	3	1,582	1,846
		1,582	1,846
Current assets
Debtors		20	20
Cash at bank and in hand		4,425	4,386
		4,445	4,406
Creditors: amounts falling due within one year		(350)	(250)
Net current assets (liabilities)		4,095	4,156
Total assets less current liabilities		5,677	6,002
Creditors: amounts falling due after more than one year		(1,775)	(2,039)
Total net assets (liabilities)		3,902	3,963
Reserves
Income and expenditure account		3,902	3,963
Members' funds		3,902	3,963

For the year ending 30 June 2014 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 August 2014

And signed on their behalf by:
I J L Tillotson, Director

FFAIR GARON CYFYNGEDIG Registered Number 05156687

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost accounting rules and in accordance with the Financial Reporting Standard for Smaller Entities(effective April 2008) (FRSSE).

Turnover policy
The turnover of the company for the year represents net invoiced sales of services excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following rates in order to write off each asset over
Its estimated useful life:

Plant and machinery: 10% on cost

Other accounting policies
Grants Receivable
Grants receivable are credited to the profit and loss account in the year to which they relate. Capital grants are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the relevant asset.

Deferred Taxation
Provision is made for deferred taxation, using the full liability method less allowable losses, at the rate of corporation tax ruling at the end of the year. On this basis no provision is required in these financial statements.

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

3Tangible fixed assets

	£
Cost
At 1 July 2013	2,637
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	2,637
Depreciation
At 1 July 2013	791
Charge for the year	264
On disposals	-
At 30 June 2014	1,055
Net book values
At 30 June 2014	1,582
At 30 June 2013	1,846