North East Economic Forum Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06047609 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

North East Economic Forum Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr H R Morgan Williams

SECRETARY:

Mr H R Morgan Williams

REGISTERED OFFICE:

Coburg House

1 Coburg Street

Gateshead

Tyne and Wear

NE8 1NS

REGISTERED NUMBER:

06047609 (England and Wales)

ACCOUNTANTS:

RHK Business Advisers LLP

Chartered Accountants

and Business Advisers

Coburg House

1 Coburg Street

Gateshead

Tyne & Wear

NE8 1NS

CURRENT ASSETS

Debtors

43,180

88,674

Cash at bank

2,736

21

45,916

88,695

CREDITORS

Amounts falling due within one year

41,991

6,705

NET CURRENT ASSETS

3,925

81,990

TOTAL ASSETS LESS CURRENT LIABILITIES

3,925

81,990

RESERVES

Profit and loss account

3,925

81,990

3,925

81,990

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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 director on 30 November 2015 and were signed by:

Mr H R Morgan Williams - 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 represents net invoiced sales of services, excluding value added tax.

Deferred tax

The charge for taxation takes into account taxation deferred as a result of timing differences between the

treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised

in respect of all timing differences that have originated but not reversed at the balance sheet date. However,

deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred taxation is measured on a non-discounted basis at the average tax rates that would apply when the

timing differences are expected to reverse, based on tax rates and laws that have been enacted by the

balance sheet date.

2.	SHARE CAPITAL

The company is limited by guarantee and has no share capital. The liability of each member in the event of

winding up is limited to £1.