Nithsdale Amateur Rowing Club Limited - Filleted accounts

Nithsdale Amateur Rowing Club Limited - Filleted accounts


Registered number
SC374934
Nithsdale Amateur Rowing Club Limited
Filleted Unaudited Accounts
28 February 2018
J T Rennie & Co
Accountants
5 Buccleuch Street
Dumfries
Nithsdale Amateur Rowing Club Limited
Registered number: SC374934
Balance Sheet
as at 28 February 2018
Notes 2018 2017
£ £
Current assets
Cash at bank and in hand 16,470 17,947
Net current assets 16,470 17,947
Net assets 16,470 17,947
Capital and reserves
Profit and loss account 16,470 17,947
Shareholder's funds 16,470 17,947
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Hutchinson
Director
Approved by the board on 7 November 2018
Nithsdale Amateur Rowing Club Limited
Notes to the Accounts
for the year ended 28 February 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Other information
Nithsdale Amateur Rowing Club Limited is a private company limited by guarantee and incorporated in Scotland. Its registered office is:
The Boathouse
Nith Avenue
Dumfries
DG1 1EF
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