Abbreviated Company Accounts - THE SCOTTISH KARATE GOVERNING BODY

Abbreviated Company Accounts - THE SCOTTISH KARATE GOVERNING BODY

THE SCOTTISH KARATE GOVERNING BODY - Company Information

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Registered Number SC270068

THE SCOTTISH KARATE GOVERNING BODY

Abbreviated Accounts

31 March 2014

THE SCOTTISH KARATE GOVERNING BODY Registered Number SC270068

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 3 4,298 4,708
4,298 4,708
Current assets
Stocks 80 160
Debtors 4 676 -
Cash at bank and in hand 41,060 37,444
41,816 37,604
Creditors: amounts falling due within one year 5 (24,119) (25,743)
Net current assets (liabilities) 17,697 11,861
Total assets less current liabilities 21,995 16,569
Accruals and deferred income (1,478) (2,047)
Total net assets (liabilities) 20,517 14,522
Reserves
Income and expenditure account 20,517 14,522
Members' funds 20,517 14,522
  • 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 30 May 2014

And signed on their behalf by:
James A Miller, Director

THE SCOTTISH KARATE GOVERNING BODY Registered Number SC270068

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

1Accounting 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
Turnover represents invoiced sales of services. Subscription income is accounted for on an as received basis.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less a provision for depreciation. Depreciation is calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Furniture and fittings: 20% reducing balance
Computer equipment: 33% straight line

Other accounting policies
Government grants are taken to the income and expenditure account in line with agreed expenditure. Any grants for capital items are capitalised as deferred income in the year in which they are received and released to the income and expenditure account over the useful life of the asset.

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

3Tangible fixed assets
£
Cost
At 1 April 2013 18,348
Additions 798
Disposals -
Revaluations -
Transfers -
At 31 March 2014 19,146
Depreciation
At 1 April 2013 13,640
Charge for the year 1,208
On disposals -
At 31 March 2014 14,848
Net book values
At 31 March 2014 4,298
At 31 March 2013 4,708
4Debtors
2014
£		 2013
£
Debtors include the following amounts due after more than one year 676 0
5Creditors
2014
£		 2013
£
Secured Debts 24,119 25,743