The Welsh Badminton Union Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04987692 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 AUGUST 2013 TO 31 MARCH 2014

FOR

THE WELSH BADMINTON UNION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J A Thomas

G R Williams

H W Archer-Williams

R Moreland

REGISTERED OFFICE:

Sport Wales National Centre

Sophia Gardens

Cardiff

CF11 9SW

REGISTERED NUMBER:

04987692 (England and Wales)

ACCOUNTANTS:

Arthur Gait & Company

Chartered Accountants

18 Gold Tops

Newport

South Wales

NP20 5WJ

CURRENT ASSETS

Stocks

920

1,442

Debtors

5,478

2,916

Cash at bank and in hand

136,222

154,984

142,620

159,342

CREDITORS

Amounts falling due within one year

39,281

55,682

NET CURRENT ASSETS

103,339

103,660

TOTAL ASSETS LESS CURRENT LIABILITIES

103,339

103,660

RESERVES

Income and expenditure account

103,339

103,660

103,339

103,660

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

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

The directors acknowledge their 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 surplus or deficit 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 Board of Directors on 9 January 2015 and were signed on its behalf by:

G R Williams - 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 comprises income from grants, sponsorship and membership. All income is accounted for on a

receivable basis. Any grant aid in kind is not included in turnover.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 15% on cost

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.

Grants

Grants towards revenue expenditure are credited to income in the period to which they relate. Where grants

relate to specific project expenditure lasting for more than one year, the remaining grant is deferred pro rata and

shown under current liabilities.

Taxation

The company is considered to be a mutual trading entity and any income arising from mutual trading activities is

exempt from corporation tax. Full provision is made for corporation tax arising on any investment income

received.

Pension costs

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the income and expenditure account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 March 2014

11,762

DEPRECIATION

At 1 August 2013

and 31 March 2014

11,762

NET BOOK VALUE

At 31 March 2014

-

At 31 July 2013

-