Abbreviated Company Accounts - WREXHAM RUGBY UNION FOOTBALL CLUB LIMITED

WREXHAM RUGBY UNION FOOTBALL CLUB LIMITED - Company Information

Registered Number 06690270

WREXHAM RUGBY UNION FOOTBALL CLUB LIMITED

Abbreviated Accounts

31 May 2016

WREXHAM RUGBY UNION FOOTBALL CLUB LIMITED Registered Number 06690270

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	3	51,982	57,299
		51,982	57,299
Current assets
Stocks		11,161	7,685
Debtors		1,808	822
Cash at bank and in hand		38,435	37,908
		51,404	46,415
Creditors: amounts falling due within one year		(5,200)	(8,753)
Net current assets (liabilities)		46,204	37,662
Total assets less current liabilities		98,186	94,961
Total net assets (liabilities)		98,186	94,961
Reserves
Income and expenditure account		98,186	94,961
Members' funds		98,186	94,961

For the year ending 31 May 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 September 2016

And signed on their behalf by:
B Williams, Director

WREXHAM RUGBY UNION FOOTBALL CLUB LIMITED Registered Number 06690270

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over it's estimated useful life.
Plant and machinery - 15% on reducing balance and 10% on reducing balance

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making the due allowance for obsolete and slow moving items.

Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Rentals paid under operating leases are charged to the income and expenditure account on a straight line basis over the period of the lease.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 June 2015	70,601
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	70,601
Depreciation
At 1 June 2015	13,302
Charge for the year	5,317
On disposals	-
At 31 May 2016	18,619
Net book values
At 31 May 2016	51,982
At 31 May 2015	57,299