THE_MELVION_CLUB_LIMITED - Accounts

THE MELVION CLUB LIMITED - Company Information

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Company Registration No. SC354814 (Scotland)

THE MELVION CLUB LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

THE MELVION CLUB LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

THE MELVION CLUB LIMITED

ABBREVIATED BALANCE SHEET

AS AT

29 FEBRUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

Current assets

Cash at bank and in hand

154

394

Creditors: amounts falling due within one year

(14,914)

(14,658)

Net current liabilities

(14,760)

(14,264)

Total assets less current liabilities

(14,758)

(14,262)

Capital and reserves

Called up share capital

Profit and loss account

(14,759)

(14,263)

Shareholders' funds

(14,758)

(14,262)

For the financial year ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective January 2015).

Approved by the Board for issue on 22 November 2016

Colin Donaldson-Nixon

Director

Company Registration No. SC354814

THE MELVION CLUB LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

- 2 -

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 January 2015).

Although the balance sheet reflects net liabilities, the director believes that the financial statements should be prepared on a going concern basis as adequate funds are available.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services.

Membership income is recognised in the relevant accounting periods covered by the membership. Any amounts in advance are held in the balance sheet as deferred income.

1.4

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:

Computer equipment and website

Straight line over 3 years

Fixed assets

Tangible assets

Cost

At 1 March 2015 & at 29 February 2016

7,539

Depreciation

At 1 March 2015 & at 29 February 2016

7,537

Net book value

At 29 February 2016

At 28 February 2015

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary share of £1 each