Durham Gilesgate Youth & Comm Assn Ltd - Limited company - abbreviated - 11.9

Durham Gilesgate Youth & Comm Assn Ltd - Limited company - abbreviated - 11.9

DURHAM GILESGATE YOUTH AND COMMUNITY ASSOCIATION LIMITED - Company Information

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REGISTERED NUMBER: 06760207 (England and Wales)














Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

Durham Gilesgate Youth and Community
Association Limited

Durham Gilesgate Youth and Community
Association Limited (Registered number: 06760207)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Durham Gilesgate Youth and Community
Association Limited

Company Information
for the Year Ended 31 December 2014







DIRECTORS: Mrs D Mahoney
Ms J M Tayler
D Gurney





SECRETARY:





REGISTERED OFFICE: C/O Mrs A. Ferguson
2 Middlewood
Ushaw Moor
Durham
DH7 7RB





REGISTERED NUMBER: 06760207 (England and Wales)





ACCOUNTANTS: JN Straughan & Co.
Chartered Accountants
Fram Well House, Framwelgate
Durham
Co. Durham
DH1 5SU
Page 1
Durham Gilesgate Youth and Community
Association Limited (Registered number: 06760207)

Abbreviated Balance Sheet
31 December 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,624 4,231

CURRENT ASSETS
Debtors 2,629 4,419
Cash at bank and in hand 79,788 110,900
82,417 115,319
CREDITORS
Amounts falling due within one year 2,517 19,126
NET CURRENT ASSETS 79,900 96,193
TOTAL ASSETS LESS CURRENT
LIABILITIES
82,524
100,424

RESERVES
Other reserves 45,911 45,911
Income and expenditure account 36,613 54,513
82,524 100,424

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 and authorised for issue by the Board of Directors on 27 October 2015 and
were signed on its behalf by:





D Gurney - Director


The notes form part of these abbreviated accounts

Page 2
Durham Gilesgate Youth and Community
Association Limited (Registered number: 06760207)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2014

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
Following the closure at Easter 2015 of the Durham Free School, the Durham Gilesgate Youth and Community
Association was left without premises given that the site of the Durham Free School is likely to be re-developed.
In the absence of alternative premises, the decision has regrettably been made to cease operations in December
2015.

These financial statements have been prepared under the going concern basis - such a basis does not take into
account any adjustments resulting from the cessation of charitable activities and the transfer of remaining funds
to a similarly constituted body.

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).

Income
Income is recorded when receivable following the Association becoming entitled to the amounts.

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 - 20% 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 1 January 2014
and 31 December 2014 8,837
DEPRECIATION
At 1 January 2014 4,606
Charge for year 1,607
At 31 December 2014 6,213
NET BOOK VALUE
At 31 December 2014 2,624
At 31 December 2013 4,231

3. LIMITED BY GUARANTEE

The Company is limited by guarantee. Every member promises, if the Charity is dissolved while he or she is a
member or within twelve months after he or she ceases to be a member, to contribute such sum (not exceeding
£10) as may be demanded of him or her towards the payment of the debts and liabilities of the Charity incurred
before he or she ceases to be a member and of the costs charges and expenses of winding up, and the adjustment
of the rights of the contributories among themselves.

Page 3