Company Registration No. 06045572 (England and Wales)
SOLIHULL MOORS FOOTBALL CLUB (2007) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
SOLIHULL MOORS FOOTBALL CLUB (2007) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
SOLIHULL MOORS FOOTBALL CLUB (2007) LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
47,095
33,740
Current assets
Stocks
-
12,708
Debtors
78,318
54,975
Cash at bank and in hand
54,746
38,602
133,064
106,285
Creditors: amounts falling due within one year
(307,619)
(242,929)
Net current liabilities
(174,555)
(136,644)
Total assets less current liabilities
(127,460)
(102,904)
Creditors: amounts falling due after more than one year
(6,250)
(31,250)
(133,710)
(134,154)
Capital and reserves
Profit and loss account
(133,710)
(134,154)
Shareholders' funds
(133,710)
(134,154)
For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 24 March 2016
Mr T Stevens
Director
Company Registration No. 06045572
SOLIHULL MOORS FOOTBALL CLUB (2007) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
15% reducing balance
Computer equipment
15% reducing balance
Fixtures, fittings & equipment
15% reducing balance
1.4
Stock
Work in progress is valued at the lower of cost and net realisable value.
1.5
The total turnover for the year has been derived from its principal activity wholly undertaken in the UK.
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2014
72,560
Additions
21,666
At 30 June 2015
94,226
Depreciation
At 1 July 2014
38,820
Charge for the year
8,311
At 30 June 2015
47,131
Net book value
At 30 June 2015
47,095
At 30 June 2014
33,740
SOLIHULL MOORS FOOTBALL CLUB (2007) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2015
- 3 -
3
Related party relationships and transactions
Company limited by guarantee
The company is limited by guarantee of the members.
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