| The Fifty Nine Club (Limited by Guarantee) |
| Registered number: |
00854846 |
|
| Abbreviated Balance Sheet |
| as at 31 July 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
55 |
|
|
73 |
|
| Current assets |
| Stocks |
|
|
1,612 |
|
|
2,930 |
| Cash at bank and in hand |
|
|
7,925 |
|
|
9,318 |
|
|
|
9,537 |
|
|
12,248 |
|
| Creditors: amounts falling due within one year |
|
|
(585) |
|
|
(555) |
|
| Net current assets |
|
|
|
8,952 |
|
|
11,693 |
|
| Net assets |
|
|
|
9,007 |
|
|
11,766 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Profit and loss account |
|
|
|
9,007 |
|
|
11,766 |
|
| Shareholders' funds |
|
|
|
9,007 |
|
|
11,766 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| G Hall |
| Director |
| Approved by the board on 25 February 2016 |
|
| The Fifty Nine Club (Limited by Guarantee) |
|
| Notes to the Abbreviated Accounts |
| for the year ended 31 July 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
15% written down value |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2014 |
5,685 |
|
At 31 July 2015 |
5,685 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2014 |
5,612 |
|
Charge for the year |
18 |
|
At 31 July 2015 |
5,630 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2015 |
55 |
|
At 31 July 2014 |
73 |
|
|
|
|
|
|
|
