Abbreviated Company Accounts - BRITISH GROOMS ASSOCIATION

BRITISH GROOMS AND EQUESTRIAN EMPLOYERS GROUP - Company Information

Registered Number 06146625

BRITISH GROOMS ASSOCIATION

Abbreviated Accounts

31 December 2014

BRITISH GROOMS ASSOCIATION Registered Number 06146625

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	3	5,529	2,117
		5,529	2,117
Current assets
Cash at bank and in hand		2,126	4,032
		2,126	4,032
Creditors: amounts falling due within one year		(11,318)	(15,626)
Net current assets (liabilities)		(9,192)	(11,594)
Total assets less current liabilities		(3,663)	(9,477)
Total net assets (liabilities)		(3,663)	(9,477)
Reserves
Income and expenditure account		(3,663)	(9,477)
Members' funds		(3,663)	(9,477)

For the year ending 31 December 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 25 August 2015

And signed on their behalf by:
CWellavize, Director

BRITISH GROOMS ASSOCIATION Registered Number 06146625

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover includes membership subscriptions and other members' services and other sales during the year. Turnover is recognised in the period to which it relates.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value,over their expected useful economic life as follows:
Asset class Depreciation method and rate
Fixtures, fittings and equipment 25% reducing balance
Other tangible assets 33% straight line basis

Valuation information and policy
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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

3Tangible fixed assets

	£
Cost
At 1 January 2014	4,366
Additions	5,911
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	10,277
Depreciation
At 1 January 2014	2,249
Charge for the year	2,499
On disposals	-
At 31 December 2014	4,748
Net book values
At 31 December 2014	5,529
At 31 December 2013	2,117