Newham Chamber Of Commerce Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 01822904 (England and Wales)

Financial statements

for the year ended 31 December 2016

For

NEWHAM CHAMBER OF COMMERCE LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

L T Johnson

P M J Kaufman

R Lempert

Secretary:

L T Johnson

Registered office:

Second Floor, Kestrel House

Falconry Court

Bakers Lane

Epping

Essex

CM16 5BD

Registered number:

01822904 (England and Wales)

Accountants:

Gane Jackson Scott LLP

Chartered Certified Accountants

Second Floor, Kestrel House

Falconry Court

Bakers Lane

Epping

Essex

CM16 5BD

Bankers:

Barclays Bank Plc

737 Barking Road

London

E13 9PL

Fixed assets

Tangible assets

3

791

301

Current assets

Debtors

4

4,165

2,801

Cash at bank

12,756

4,647

16,921

7,448

Creditors

Amounts falling due within one year

5

1,603

2,376

Net current assets

15,318

5,072

Total assets less current liabilities

16,109

5,373

Reserves

Capital redemption reserve

6

1,212

1,212

Income and expenditure account

6

14,897

4,161

16,109

5,373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors on 1 July 2017 and were signed on its behalf by:

L T Johnson - Director

1.	Statutory information

Newham Chamber Of Commerce Limited is a private company, limited by guarantee , registered in

England and Wales. The company's registered number and registered office address can be found

on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

50% on cost and 20% on cost

3.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 January 2016

3,902

1,500

5,402

Additions

-

1,100

1,100

At 31 December 2016

3,902

2,600

6,502

Depreciation

At 1 January 2016

3,601

1,500

5,101

Charge for year

60

550

610

At 31 December 2016

3,661

2,050

5,711

Net book value

At 31 December 2016

241

550

791

At 31 December 2015

301

-

301

4.

Debtors: amounts falling due within one year

2016

2015

£

£

Trade debtors

100

1,131

Other debtors

3,888

570

VAT

177

-

Prepayments and accrued income

-

1,100

4,165

2,801

5.

Creditors: amounts falling due within one year

2016

2015

£

£

Trade creditors

97

126

VAT

-

16

Other creditors

-

802

Accrued expenses

1,506

1,432

1,603

2,376

6.

Reserves

Income

and

Capital

expenditure

redemption

account

reserve

Totals

£

£

£

At 1 January 2016

4,161

1,212

5,373

Surplus for the year

10,736

10,736

At 31 December 2016

14,897

1,212

16,109

7.	Limited by guarantee

The company is limited by guarantee and every member of the chamber undertakes to contribute an

amount not exceeding £1 in the event of a winding up or dissolution.