Abbreviated Company Accounts - OUGHTRINGTON COMMUNITY CENTRE

OUGHTRINGTON COMMUNITY CENTRE - Company Information

Registered Number 05626686

OUGHTRINGTON COMMUNITY CENTRE

Abbreviated Accounts

28 February 2016

OUGHTRINGTON COMMUNITY CENTRE Registered Number 05626686

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	3	279,143	278,965
		279,143	278,965
Current assets
Stocks		716	576
Debtors		3,372	4,462
Cash at bank and in hand		103,720	96,225
		107,808	101,263
Creditors: amounts falling due within one year		(1,766)	(1,490)
Net current assets (liabilities)		106,042	99,773
Total assets less current liabilities		385,185	378,738
Total net assets (liabilities)		385,185	378,738
Reserves
Income and expenditure account		385,185	378,738
Members' funds		385,185	378,738

For the year ending 28 February 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 30 November 2016

And signed on their behalf by:
P Gibson, Director

OUGHTRINGTON COMMUNITY CENTRE Registered Number 05626686

Notes to the Abbreviated Accounts for the period ended 28 February 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
All incoming resources are included in the accounts when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Tangible assets depreciation policy
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:

Fixtures, fittings and equipment - 5 years straight line

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

3Tangible fixed assets

	£
Cost
At 1 March 2015	337,353
Additions	238
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	337,591
Depreciation
At 1 March 2015	58,388
Charge for the year	60
On disposals	-
At 28 February 2016	58,448
Net book values
At 28 February 2016	279,143
At 28 February 2015	278,965

In the opinion of the trustees the market value of the land and buildings is significantly more than the cost shown in the financial statements. Therefore, no depreciation has been charged.