Abbreviated Company Accounts - SOUTH LONDON COMMUNITY MUSIC

SOUTH LONDON COMMUNITY MUSIC - Company Information

Registered Number 07386243

SOUTH LONDON COMMUNITY MUSIC

Abbreviated Accounts

31 December 2015

SOUTH LONDON COMMUNITY MUSIC Registered Number 07386243

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	3	70,157	67,020
		70,157	67,020
Current assets
Debtors		3,499	7,747
Cash at bank and in hand		24,639	22,372
		28,138	30,119
Creditors: amounts falling due within one year		(834)	(2,816)
Net current assets (liabilities)		27,304	27,303
Total assets less current liabilities		97,461	94,323
Total net assets (liabilities)		97,461	94,323
Reserves
Income and expenditure account		97,461	94,323
Members' funds		97,461	94,323

For the year ending 31 December 2015 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 30 September 2016

And signed on their behalf by:
Lesley Khatibi, Director

SOUTH LONDON COMMUNITY MUSIC Registered Number 07386243

Notes to the Abbreviated Accounts for the period ended 31 December 2015

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 January 2015.

Turnover policy
All incoming resources are included in the statement of financial activities when there is
entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
The following specific policies are applied to particular categories of income:
Voluntary income, income from activities for generating funds and investment income are
included in full in the Statement of Financial Activities when receivable.
Incoming resources from charitable activities are accounted for when earned.

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

3Tangible fixed assets

	£
Cost
At 1 January 2015	73,389
Additions	4,673
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	78,062
Depreciation
At 1 January 2015	6,369
Charge for the year	1,536
On disposals	-
At 31 December 2015	7,905
Net book values
At 31 December 2015	70,157
At 31 December 2014	67,020