Abbreviated Company Accounts - SOLAS TRUST

Abbreviated Company Accounts - SOLAS TRUST

SOLAS TRUST - Company Information

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Registered Number NI607099

SOLAS TRUST

Abbreviated Accounts

30 April 2014

SOLAS TRUST Registered Number NI607099

Abbreviated Balance Sheet as at 30 April 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 3 67,730 49,339
67,730 49,339
Current assets
Cash at bank and in hand 9,658 2,893
9,658 2,893
Prepayments and accrued income 1,625 792
Creditors: amounts falling due within one year (2,222) (12,575)
Net current assets (liabilities) 9,061 (8,890)
Total assets less current liabilities 76,791 40,449
Creditors: amounts falling due after more than one year (1,666) -
Total net assets (liabilities) 75,125 40,449
Reserves
Income and expenditure account 75,125 40,449
Members' funds 75,125 40,449
  • For the year ending 30 April 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 19 August 2014

And signed on their behalf by:
Mike Oman, Director

SOLAS TRUST Registered Number NI607099

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared in accordance with the Historical Cost convention.

Turnover policy
Income consists of donations, grants and other amounts deriving from the company's ordinary activities.

Tangible assets depreciation policy
No depreciation has been provided on Leasehold Improvements. Depreciation is provided on Furniture, Fittings & Equipment at the following rates:-
Cost £1 - £300 - written off in year of purchase
Cost £301 - £600 - written off over 2 years
Cost £601+ - written off over 3 years.

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

3Tangible fixed assets
£
Cost
At 1 May 2013 49,339
Additions 20,840
Disposals -
Revaluations -
Transfers -
At 30 April 2014 70,179
Depreciation
At 1 May 2013 -
Charge for the year 2,449
On disposals -
At 30 April 2014 2,449
Net book values
At 30 April 2014 67,730
At 30 April 2013 49,339