ASHWOOD_SOCIAL_CLUB_LIMIT - Accounts

ASHWOOD SOCIAL CLUB LIMITED - Company Information

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Company Registration No. 03604882 (England and Wales)

ASHWOOD SOCIAL CLUB LIMITED

A COMPANY LIMITED BY GUARANTEE

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

ASHWOOD SOCIAL CLUB LIMITED

A COMPANY LIMITED BY GUARANTEE

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

ASHWOOD SOCIAL CLUB LIMITED

A COMPANY LIMITED BY GUARANTEE

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

10,379

11,558

Current assets

Stocks

1,114

1,575

Debtors

544

779

Cash at bank and in hand

11,641

13,004

13,299

15,358

Creditors: amounts falling due within one year

(1,402)

(1,249)

Net current assets

11,897

14,109

Total assets less current liabilities

22,276

25,667

Capital and reserves

Profit and loss account

22,276

25,667

Shareholders' funds

22,276

25,667

For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 14 November 2016

Mrs E A Durnall

Mr J T Durnall

Director

Company Registration No. 03604882

ASHWOOD SOCIAL CLUB LIMITED

A COMPANY LIMITED BY GUARANTEE

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

10% reducing balance

Fixtures, fittings & equipment

10% reducing balance

Fixed assets

Tangible assets

Cost

At 1 October 2015 & at 30 September 2016

72,531

Depreciation

At 1 October 2015

60,973

Charge for the year

1,179

At 30 September 2016

62,152

Net book value

At 30 September 2016

10,379

At 30 September 2015

11,558