Abbreviated Company Accounts - BOYS AND GIRLS CLUBS OF SOUTH YORKSHIRE

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
Income is recognised based on receipts due during the year

Tangible assets depreciation policy
Tangible fixed assets

Capitalisation
The cost of fixed assets is their purchase cost together with any incidental costs of acquisition. Any assets with a useful life of less than 5 years are not capitalised.

Depreciation
Depreciation is calculated so as to write off the cost of tangible fixed assets over the expected useful economic lives of the assets concerned. Assets are depreciated over three years, five years or fifteen years depending on the nature of the asset.

Accrued Income
Accrued income represents income recognised for work performed that was unbilled at the year end. It is accounted for on the basis of work performed that remains unbilled, or in line with contracted agreements with specific affiliates and similar organiastions. Investment income is recognised on a receivable basis.

Intangible assets amortisation policy
N/a

Valuation information and policy
N/a

Other accounting policies
N/a

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