Hawick Rugby Limited - Period Ending 2014-05-31

Registration number: SC174679

Hawick Rugby Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2014
 

Deans Accountants And Business Advisors Ltd
Chartered Accountants and Business Advisors
1 Melgund Place
Hawick
Borders
TD9 9HY

Hawick Rugby Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Hawick Rugby Limited
(Registration number: SC174679)
at 31 May 2014

		Note			2014 £			2013 £
Current assets
Debtors					12,831			12,831
Cash at bank and in hand					3,697			7
					16,528			12,838
Creditors: Amounts falling due within one year					(2,544)			(100)
Net assets					13,984			12,738
Capital and reserves
Called up share capital		2			20,000			20,000
Profit and loss account					(6,016)			(7,262)
Shareholders' funds					13,984			12,738

For the year ending 31 May 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 1 July 2014 and signed on its behalf by:

.........................................
T Sellar
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Hawick Rugby Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2014

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of goods and services to customers

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% straight line
Plant and machinery	10 % & 20% straight line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		20,000			20,000			20,000			20,000

3

Control

The company is controlled by Hawick Rugby Football Club.

Page 2