Blairgowrie Highland Games Association
Blairgowrie Highland Games Association
Registered number: SC120038
Financial Statements
For The Year Ended 31 January 2018
Gillespie Inverarity & Co Limited
Blairgowrie Highland Games Association
Financial Statements
For The Year Ended 31 January 2018
Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Blairgowrie Highland Games Association
Balance Sheet
As at
31 January 2018
Balance Sheet
Registered number:
SC120038
For the year ending 31 January 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2018 | 2017 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
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| CURRENT ASSETS | |||||
| Stocks | 3 |
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| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| Income and Expenditure Account |
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| MEMBERS' FUNDS | 22,049 | 20,555 | |||
Page 1
Blairgowrie Highland Games Association
Balance Sheet (continued)
As at
31 January 2018
Directors' responsibilities:
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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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Blairgowrie Highland Games Association
Notes to the Financial Statements
For The Year Ended 31 January 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the total value of services rendered by the company during the year.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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1.4.
Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.
Tangible Assets
| Plant & Machinery | |
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| £ | |
| Cost | |
| As at |
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| Additions |
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| Disposals |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| Disposals |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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3.
Stocks
| 2018 | 2017 | ||
|---|---|---|---|
| £ | £ | ||
| Stock | 240 | 296 | |
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Page 3
Blairgowrie Highland Games Association
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2018
4.
Debtors
| 2018 | 2017 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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5.
Creditors: Amounts Falling Due Within One Year
| 2018 | 2017 | ||
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| £ | £ | ||
| Corporation tax |
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| Accruals and deferred income |
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6.
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
7.
General Information
Blairgowrie Highland Games Association is a private company, limited by guarantee, incorporated in Scotland, registered number SC120038 . The registered office is 33 Leslie Street, Blairgowrie, Perthshire, PH10 6AW.
Page 4