Berwick & District Motor Club Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03357882

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2014

FOR

BERWICK & DISTRICT MOTOR CLUB LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Berwick & District Motor Club Ltd for the year ended 31st December 2014 which comprise the

Income and Expenditure Account, the Balance Sheet and the related notes from the company's accounting records and

from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Berwick & District Motor Club Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Berwick & District Motor Club Ltd and state those matters that we have agreed to state to the Board of Directors of Berwick & District Motor Club Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Berwick & District Motor Club Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Berwick & District Motor Club Ltd. You consider that Berwick & District Motor Club Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Berwick & District Motor

Club Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information

and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial

statements.

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

29th July 2015

Page

Chartered Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

3,144

3,699

CURRENT ASSETS

Cash at bank

18,587

21,449

CREDITORS

Amounts falling due within one year

4,497

6,252

NET CURRENT ASSETS

14,090

15,197

TOTAL ASSETS LESS CURRENT LIABILITIES

17,234

18,896

RESERVES

Income and expenditure account

17,234

18,896

17,234

18,896

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 29th July 2015 and were signed on its behalf by:

J Bertram - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover is represented by income from members subscriptions and competitive events.

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

-

15% on reducing balance

Trophies

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2014

and 31st December 2014

10,703

DEPRECIATION

At 1st January 2014

7,004

Charge for year

555

At 31st December 2014

7,559

NET BOOK VALUE

At 31st December 2014

3,144

At 31st December 2013

3,699

The trophies in the accounts are at their written down value of £1.

In 2013 the trophies were valued at approximately £10,000 for insurance purposes.