Independent Street Arts Network - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04316026 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

INDEPENDENT STREET ARTS NETWORK

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S N Thomas

F Wilson

L Rich

R D Morley - Chair

M M Kaushik - Treasurer

B A Adams

N Butler

J Pickering

J A Tait

D Beeton

A MacKechnie

H Cadwallader (Executive)

SECRETARY:

B A Adams

REGISTERED OFFICE:

54 Chalton Street

London

NW1 1HS

REGISTERED NUMBER:

04316026 (England and Wales)

ACCOUNTANTS:

Hilton Sharp & Clarke

30 New Road

Brighton

East Sussex

BN1 1BN

FIXED ASSETS

Tangible assets

2

2,427

3,515

CURRENT ASSETS

Debtors

23,864

5,762

Cash at bank and in hand

34,880

45,079

58,744

50,841

CREDITORS

Amounts falling due within one year

9,552

7,648

NET CURRENT ASSETS

49,192

43,193

TOTAL ASSETS LESS CURRENT LIABILITIES

51,619

46,708

PROVISIONS FOR LIABILITIES

480

-

NET ASSETS

51,139

46,708

RESERVES

Operating reserve

17,500

17,500

Income and expenditure account

33,639

29,208

51,139

46,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 13 November 2014 and were signed on its behalf by:

R D Morley - Chair - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 income from outside events excluding value added tax, as well as grants and sponsorship income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Office equipment

-

33% on reducing balance

Grants

Grants receivable are recognised in the accounts when the conditions regarding their receipt have been complied with and

there is reasonable assurance that the grants will be received. Revenue grants are credited to the profit and loss account in the

year in which they are receivable.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

8,494

Additions

66

At 31 March 2014

8,560

DEPRECIATION

At 1 April 2013

4,979

Charge for year

1,154

At 31 March 2014

6,133

NET BOOK VALUE

At 31 March 2014

2,427

At 31 March 2013

3,515

3.	RELATED PARTY DISCLOSURES

H Cadwallader (Executive)

A director (Executive)

2014

2013

as restated

£

£

Amount due to related party at the balance sheet date

521

-

4.	ULTIMATE CONTROLLING PARTY

5.	SHARE CAPITAL

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

In the event of the company being wound up, each member has undertaken to contribute such amounts as may be required

not exceeding £1.