Abbreviated Company Accounts - NORTH AREA TRANSPORT ASSOCIATION

Abbreviated Company Accounts - NORTH AREA TRANSPORT ASSOCIATION

NORTH AREA TRANSPORT ASSOCIATION - Company Information

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Registered Number SC268642

NORTH AREA TRANSPORT ASSOCIATION

Abbreviated Accounts

31 March 2014

NORTH AREA TRANSPORT ASSOCIATION Registered Number SC268642

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 3 33,441 35,754
33,441 35,754
Current assets
Debtors 53,097 104,325
Cash at bank and in hand 414,046 370,730
467,143 475,055
Creditors: amounts falling due within one year (17,817) (59,581)
Net current assets (liabilities) 449,326 415,474
Total assets less current liabilities 482,767 451,228
Total net assets (liabilities) 482,767 451,228
Reserves
Other reserves 482,767 451,228
Members' funds 482,767 451,228
  • 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 16 December 2014

And signed on their behalf by:
Brian Beacom, Director
J Forrester, Director

NORTH AREA TRANSPORT ASSOCIATION Registered Number SC268642

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
Income represents the total income received from all sources during the year.

Tangible assets depreciation policy
Assets are depreciated at a rate to write them off over their expected useful life. Plant & Machinery 15& Reducing Balance. Fixtures & Fittings 15% Reducing Balance & Motor Vehicles 25% Reducing Balance.

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

3Tangible fixed assets
£
Cost
At 1 April 2013 185,250
Additions 1,423
Disposals -
Revaluations -
Transfers -
At 31 March 2014 186,673
Depreciation
At 1 April 2013 149,496
Charge for the year 3,736
On disposals -
At 31 March 2014 153,232
Net book values
At 31 March 2014 33,441
At 31 March 2013 35,754