Sherwood Forresters Longbow Archery Club - Period Ending 2014-09-30

Sherwood Forresters Longbow Archery Club - Period Ending 2014-09-30

SHERWOOD FORRESTERS LONGBOW ARCHERY CLUB - Company Information

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Sherwood Forresters Longbow Archery Club 06695062 false true 2013-10-01 2014-09-30 2014-09-30 06695062 2013-10-01 2014-09-30 06695062 2014-09-30 06695062 uk-bus:Director1 2013-10-01 2014-09-30 06695062 uk-bus:Director2 2013-10-01 2014-09-30 06695062 uk-gaap:ToolsEquipment 2013-10-01 2014-09-30 06695062 2013-09-30 06695062 2013-09-30 iso4217:GBP

Registration number: 06695062

Sherwood Forresters Longbow Archery Club

(A company limited by guarantee)

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2014
 

 

Sherwood Forresters Longbow Archery Club
(Registration number: 06695062)
Abbreviated Balance Sheet at 30 September 2014

 

Note

    

2014
£

    

2013
£

  

Fixed assets

  

   

   

 

Tangible fixed assets

  

   

8

   

8

 

Current assets

  

   

   

 

Debtors

  

   

903

   

16

 

Cash at bank and in hand

  

   

935

   

2,525

 

 

   

1,838

   

2,541

 

Creditors: Amounts falling due within one year

  

   

(2,141)

   

(3,058)

 

Net current liabilities

  

   

(303)

   

(517)

 

Net liabilities

  

   

(295)

   

(509)

 

Reserves

  

   

   

 

Profit and loss account

  

   

(295)

   

(509)

 

Deficit

  

   

(295)

   

(509)

 

For the year ending 30 September 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

Approved by the Board and authorised for issue on 13 May 2015 and signed on its behalf by:


P Burgess
Director


M J Sheldon
Director

The notes on page 2 form an integral part of these accounts.
Page 1

 

Sherwood Forresters Longbow Archery Club
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on the going concern basis on the assumption that the company will continue to receive adequate financial support from the directors.

Turnover

Turnover represents the value of membership fees, training and education fees, and the sale of longbow archery goods supplied by the company in the ordinary course of business.

Depreciation

Tangible fixed assets are stated at original cost less accumulated depreciation.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Asset class

Depreciation method and rate

Equipment

25% straight line

2

Fixed assets

 

Tangible assets
£

  

Cost

  

 

At 1 October 2013

  

788

  

At 30 September 2014

  

788

  

Depreciation

  

 

At 1 October 2013

  

780

  

At 30 September 2014

  

780

  

Net book value

  

 

At 30 September 2014

  

8

 

At 30 September 2013

  

8

 

3

Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.

Page 2