Folkestone Snooker Club Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06681495 (England and Wales)

Abbreviated Accounts for the Year Ended 31 August 2014

for

Folkestone Snooker Club Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr J Mills

SECRETARY:

Mrs K Mills

REGISTERED OFFICE:

99 Canterbury Road

Whitstable

Kent

CT5 4HG

REGISTERED NUMBER:

06681495 (England and Wales)

ACCOUNTANTS:

P H Accountancy Ltd

99 Canterbury Road

Whitstable

Kent

CT5 4HG

FIXED ASSETS

Tangible assets

2

9,276

11,677

CURRENT ASSETS

Stocks

7,500

7,500

Debtors

30,599

9,700

Cash at bank and in hand

6,192

114

44,291

17,314

CREDITORS

Amounts falling due within one year

57,755

38,142

NET CURRENT LIABILITIES

(13,464

)

(20,828

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,188

)

(9,151

)

CREDITORS

Amounts falling due after more than one year

92,533

92,533

NET LIABILITIES

(96,721

)

(101,684

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(96,722

)

(101,685

)

SHAREHOLDERS' FUNDS

(96,721

)

(101,684

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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 director on 14 November 2014 and were signed by:

Mr J Mills - 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

23,867

DEPRECIATION

At 1 September 2013

12,190

Charge for year

2,401

At 31 August 2014

14,591

NET BOOK VALUE

At 31 August 2014

9,276

At 31 August 2013

11,677

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

1.00

1

1