Micro-entity Accounts - BOSTON AMATEUR SPORTS ASSOCIATION LIMITED(THE)

Micro-entity Accounts - BOSTON AMATEUR SPORTS ASSOCIATION LIMITED(THE)

BOSTON AMATEUR SPORTS ASSOCIATION LIMITED(THE) - Company Information

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Registered Number 00584412

BOSTON AMATEUR SPORTS ASSOCIATION LIMITED(THE)

Micro-entity Accounts

30 June 2017

BOSTON AMATEUR SPORTS ASSOCIATION LIMITED(THE) Registered Number 00584412

Micro-entity Balance Sheet as at 30 June 2017

Notes 2017 2016
£ £
Fixed assets
Tangible assets 1 93,788 93,805
93,788 93,805
Current assets
Debtors 5,259 8,303
Cash at bank and in hand 762 697
6,021 9,000
Prepayments and accrued income 3,208 4,072
Creditors: amounts falling due within one year (11,100) (14,883)
Net current assets (liabilities) (1,871) (1,811)
Total assets less current liabilities 91,917 91,994
Accruals and deferred income (2,913) (2,999)
Total net assets (liabilities) 89,004 88,995
Reserves
Income and expenditure account 89,004 88,995
Members' funds 89,004 88,995
  • For the year ending 30 June 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
  • The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 7 September 2017

And signed on their behalf by:
Ian Clayton, Director

BOSTON AMATEUR SPORTS ASSOCIATION LIMITED(THE) Registered Number 00584412

Notes to the Micro-entity Accounts for the period ended 30 June 2017

1Tangible fixed assets
£
Cost
At 1 July 2016 106,665
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2017 106,665
Depreciation
At 1 July 2016 12,860
Charge for the year 17
On disposals -
At 30 June 2017 12,877
Net book values
At 30 June 2017 93,788
At 30 June 2016 93,805

2Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Freehold buildings - 0% on cost or revalued amounts, Plant and Machinery - 20% on reducing balance, Fixtures and fittings - 10% on cost, Motor vehicles - 25% on cost.

Intangible assets amortisation policy
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Valuation information and policy
Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
Research and Development Expenditure on research and development is written off in the year in which it is incurred.
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Deferred taxation is calculated at the rates of tax that are expected to apply in the periods when the timing differences will reverse and has not been discounted.

3Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.