The Morgan Three-Wheeler Club Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01488714 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 June 2014 to 31 March 2015

for

THE MORGAN THREE-WHEELER CLUB LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A Lazebury

J Scruton

(Treasurer)

The Revd A Murray-Leslie

REGISTERED OFFICE:

20 Sansome Walk

Worcester

Worcestershire

WR1 1LR

REGISTERED NUMBER:

01488714 (England and Wales)

ACCOUNTANTS:

Boyds

20 Sansome Walk

Worcester

WR1 1LR

FIXED ASSETS

Tangible assets

2

7,341

4,047

Investments

3

1,500

1,500

8,841

5,547

CURRENT ASSETS

Stocks

178,107

189,817

Debtors

5,030

4,808

Cash at bank and in hand

103,815

80,579

286,952

275,204

CREDITORS

Amounts falling due within one year

26,933

7,512

NET CURRENT ASSETS

260,019

267,692

TOTAL ASSETS LESS CURRENT LIABILITIES

268,860

273,239

RESERVES

Leavens fund

26,005

30,409

Income and expenditure account

242,855

242,830

268,860

273,239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2015 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 5 July 2015 and were signed on its behalf by:

The Revd A Murray-Leslie - Director

1.	ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standards for Smaller Entities (effective April 2008). In order to ensure that the financial

statements and in particular the profit and loss account show a true and fair view, the precise format of the financial

statements as prescribed by the Companies Act 2006 has not been adopted.

Income

Income consists of the invoiced value (excluding VAT where applicable) of goods and services supplied to club

members plus subscriptions, donations and revenue from advertising.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Office equipment

-

20% on reducing balance

Stocks

The stock of spare parts, club regalia and publications are valued at the lower of cost or net realisable value.

Deferred tax

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

sheet date.

Investments

Free shares were received by the Club on a Building Society reconstruction. These shares are shown as a fixed

asset investment and valued at market value at the date of the reconstruction - unless there is a permanent

diminution in this value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

20,946

Additions

4,677

At 31 March 2015

25,623

DEPRECIATION

At 1 June 2014

16,899

Charge for period

1,383

At 31 March 2015

18,282

NET BOOK VALUE

At 31 March 2015

7,341

At 31 May 2014

4,047

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 June 2014

and 31 March 2015

1,500

NET BOOK VALUE

At 31 March 2015

1,500

At 31 May 2014

1,500

4.	MEMBERS' LIABILITY

The company is limited by guarantee of the members and does not have share capital. Every member of the Club

undertakes to contribute to the assets of the Club in the event of its being wound up while he is a member, or within

one year afterwards, for payment of the debts and liabilities of the Club contracted before he ceases to be a

member, and the costs, charges and expenses of winding up, and for the adjustment of the rights of the

contributories among themselves, such amount as may be required not exceeding £1.