Abbreviated Company Accounts - LARNE COMMUNITY CARE CENTRE

LARNE COMMUNITY CARE CENTRE - Company Information

Registered Number NI031325

LARNE COMMUNITY CARE CENTRE

Abbreviated Accounts

5 April 2014

LARNE COMMUNITY CARE CENTRE Registered Number NI031325

Abbreviated Balance Sheet as at 5 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	3	312,837	307,109
		312,837	307,109
Current assets
Debtors		6,863	16,156
Cash at bank and in hand		13,079	12,635
		19,942	28,791
Creditors: amounts falling due within one year		(39,925)	(42,898)
Net current assets (liabilities)		(19,983)	(14,107)
Total assets less current liabilities		292,854	293,002
Creditors: amounts falling due after more than one year		(292,166)	(292,167)
Total net assets (liabilities)		688	835
Reserves
Income and expenditure account		688	835
Members' funds		688	835

For the year ending 5 April 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 3 November 2014

And signed on their behalf by:
Graeme Bell, Director
Donald Eastop, Director

LARNE COMMUNITY CARE CENTRE Registered Number NI031325

Notes to the Abbreviated Accounts for the period ended 5 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared in accordance with statements of recommended practice issued by UK accountancy bodies. The particular accounting policies are described below.

The charity meets its day to day working capital requirements through an overdraft facility which is repayable on demand.

The nature of the charity is such that there can be considerable variation in the timing of cash inflows. The trustees have secured continuing funding for their projects for the next 12-36 months. Government authorities have identified Larne and the surrounding area in need of social and economic funding and therefore further funding is expected in future years.

On the basis the trustees consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of the overdraft facility by the charity's bankers.

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Charities SORP.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cashflow statement on the grounds that it is a small company.

Turnover policy
Income represents grants received and donations which are brought into the accounts on an accruals basis.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land 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:
Land and Buildings - Nil depreciation
Equipment and furniture - 33.3% Straight line per annum

Valuation information and policy
Grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the income and expenditure account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

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

3Tangible fixed assets

	£
Cost
At 1 April 2013	320,844
Additions	6,171
Disposals	-
Revaluations	-
Transfers	-
At 5 April 2014	327,015
Depreciation
At 1 April 2013	13,735
Charge for the year	443
On disposals	-
At 5 April 2014	14,178
Net book values
At 5 April 2014	312,837
At 31 March 2013	307,109