Abbreviated Company Accounts - SOUTH WALES AND WEST COUNTRY CERAMICS COLLECTIVE LIMITED

SOUTH WALES AND WEST COUNTRY CERAMICS COLLECTIVE LIMITED - Company Information

Registered Number 03234259

SOUTH WALES AND WEST COUNTRY CERAMICS COLLECTIVE LIMITED

Abbreviated Accounts

31 August 2016

SOUTH WALES AND WEST COUNTRY CERAMICS COLLECTIVE LIMITED Registered Number 03234259

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	3	150	177
		150	177
Current assets
Debtors		-	490
Cash at bank and in hand		2,564	1,916
		2,564	2,406
Creditors: amounts falling due within one year		(4,335)	(2,359)
Net current assets (liabilities)		(1,771)	47
Total assets less current liabilities		(1,621)	224
Total net assets (liabilities)		(1,621)	224
Reserves
Income and expenditure account		(1,621)	224
Members' funds		(1,621)	224

For the year ending 31 August 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 30 April 2017

And signed on their behalf by:
John Nigel Garth Heywood, Director

SOUTH WALES AND WEST COUNTRY CERAMICS COLLECTIVE LIMITED Registered Number 03234259

Notes to the Abbreviated Accounts for the period ended 31 August 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
Turnover represents amounts chargeable in respect of the sale of goods and services to customers

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Fixtures and fittings 15% reducing balance
Office equipment 15% reducing balance

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

3Tangible fixed assets

	£
Cost
At 1 September 2015	3,438
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	3,438
Depreciation
At 1 September 2015	3,261
Charge for the year	27
On disposals	-
At 31 August 2016	3,288
Net book values
At 31 August 2016	150
At 31 August 2015	177