Blaze Community Foundation - Accounts to registrar - small 17.2

Blaze Community Foundation - Accounts to registrar - small 17.2

BLAZE COMMUNITY FOUNDATION - Company Information

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REGISTERED NUMBER: 06761673 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

BLAZE COMMUNITY FOUNDATION

BLAZE COMMUNITY FOUNDATION (REGISTERED NUMBER: 06761673)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BLAZE COMMUNITY FOUNDATION

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: N M Clements
A P Smith
M Cowley





REGISTERED OFFICE: 300 Penistone Road
Sheffield
S Yorks
S6 2FU





REGISTERED NUMBER: 06761673 (England and Wales)





ACCOUNTANTS: Jones Thorne Limited
The Masters House
92a Arundel Street
Sheffield
South Yorkshire
S1 4RE
Page 1
BLAZE COMMUNITY FOUNDATION (REGISTERED NUMBER: 06761673)

BALANCE SHEET
31 DECEMBER 2016

31.12.16 31.12.15
Notes £    £   
CURRENT ASSETS
Debtors 4 39,725 39,725
Cash at bank 34 5,008
39,759 44,733
CREDITORS
Amounts falling due within one year 5 15,204 10,805
NET CURRENT ASSETS 24,555 33,928
TOTAL ASSETS LESS CURRENT
LIABILITIES
24,555
33,928

RESERVES
Income and expenditure account 24,555 33,928
24,555 33,928

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 29 September 2017 and
were signed on its behalf by:



M Cowley - Director


The notes form part of these financial statements

Page 2
BLAZE COMMUNITY FOUNDATION (REGISTERED NUMBER: 06761673)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

Blaze Community Foundation 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.
Sports equipment - 50% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, except to the extent that it relates to items recognised in other comprehensive
income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that
have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in
periods different from those in which they are recognised in financial statements. Deferred
tax is measured using tax rates and laws that have been enacted or substantively enacted
by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it
is probable that they will be recovered against the reversal of deferred tax liabilities or other
future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis
over the period of the lease.

Page 3 continued...
BLAZE COMMUNITY FOUNDATION (REGISTERED NUMBER: 06761673)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

3. TANGIBLE FIXED ASSETS
Sports
equipment
£   
COST
At 1 January 2016 26,324
Disposals (26,324 )
At 31 December 2016 -
DEPRECIATION
At 1 January 2016 26,324
Eliminated on disposal (26,324 )
At 31 December 2016 -
NET BOOK VALUE
At 31 December 2016 -
At 31 December 2015 -

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Amounts owed by participating interests 39,725 39,725

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Other creditors 15,204 10,805

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.16 31.12.15
£    £   
Within one year 4,840 -
Between one and five years 806 -
5,646 -

7. LIMITED BY GUARANTEE

The company is limited by guarantee and consequently does not have share capital.

Page 4