Abbreviated Company Accounts - SPACE2 LEEDS

Registered Number 04930452

SPACE2 LEEDS

Abbreviated Accounts

31 March 2014

SPACE2 LEEDS Registered Number 04930452

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	3	-	-
		-	-
Current assets
Debtors		37,250	32,765
Cash at bank and in hand		117,156	56,575
		154,406	89,340
Creditors: amounts falling due within one year		(36,795)	(37,817)
Net current assets (liabilities)		117,611	51,523
Total assets less current liabilities		117,611	51,523
Total net assets (liabilities)		117,611	51,523
Reserves
Other reserves		55,515	36,415
Income and expenditure account		62,096	15,108
Members' funds		117,611	51,523

For the year ending 31 March 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 22 July 2014

And signed on their behalf by:
K Brown, Director

SPACE2 LEEDS Registered Number 04930452

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with
Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2005) issued
in March 2005 and the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
All incoming resources are included in the Statement of Financial Activities when the charitable
company is entitled to the income and the amount can be quantified with reasonable accuracy.
The following specific policies are applied to particular categories of income.

Investment Income is recognised on a receivable basis.

Income from charitable activities includes:

Grant income. This income is recognised when there is entitlement, certainty of receipt
and the amount can be measured with sufficient reliability.

Income from charitable trading activities. This income is accounted for when earned.

Tangible assets depreciation policy
Fixed assets are depreciated on a straight line basis over their estimated useful lives as follows:

Equipment 100%

Other accounting policies
Funds held by the charity are either:

Unrestricted General Funds
These are funds which can be used in accordance with the charitable objects at the discretion of the
trustees.

Designated Funds
These are funds set aside by the directors out of unrestricted general funds for specific future
purposes or projects.

Restricted Funds
These are funds that can only be used for particular restricted purposes within the objects of the
charity. Restrictions arise when specified by the donor or when funds are raised for particular
restricted purposes.

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

3Tangible fixed assets

	£
Cost
At 1 April 2013	1,027
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	1,027
Depreciation
At 1 April 2013	1,027
Charge for the year	-
On disposals	-
At 31 March 2014	1,027
Net book values
At 31 March 2014	0
At 31 March 2013	0