Driffield Steam Rally Limited - Abbreviated accounts 16.1
Driffield Steam Rally Limited - Abbreviated accounts 16.1
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 OCTOBER 2015 |
FOR |
DRIFFIELD STEAM RALLY LIMITED |
DRIFFIELD STEAM RALLY LIMITED (REGISTERED NUMBER: 08698735) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 OCTOBER 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
DRIFFIELD STEAM RALLY LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 OCTOBER 2015 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
DRIFFIELD STEAM RALLY LIMITED (REGISTERED NUMBER: 08698735) |
ABBREVIATED BALANCE SHEET |
31 OCTOBER 2015 |
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
RESERVES |
Income and expenditure account | ( |
) |
( |
) |
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 financial statements were approved by the Board of Directors on |
DRIFFIELD STEAM RALLY LIMITED (REGISTERED NUMBER: 08698735) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 OCTOBER 2015 |
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 January 2015). |
Turnover |
Turnover represents gate receipts and rental income from exhibitors. |
Tangible fixed assets |
Plant and machinery | - |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date |
where transactions or events that result in an obligation to pay more tax in the future or the right to pay less tax in the future |
have occurred at the balance sheet date. A net deferred tax asset is regarded as recoverable and therefore recognised only when, |
on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from |
which the future reversal of the underlying timing differences can be deducted. |
Deferred tax is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which timing |
differences are expected to reverse. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the income and expenditure account on a straight line basis over the period |
of the lease. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 November 2014 |
and 31 October 2015 |
DEPRECIATION |
At 1 November 2014 |
Charge for year |
At 31 October 2015 |
NET BOOK VALUE |
At 31 October 2015 |
At 31 October 2014 |