Abbreviated Company Accounts - HERALDRY SOCIETY(THE)

Abbreviated Company Accounts - HERALDRY SOCIETY(THE)

HERALDRY SOCIETY(THE) - Company Information

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Registered Number 00572778

HERALDRY SOCIETY(THE)

Abbreviated Accounts

31 March 2016

HERALDRY SOCIETY(THE) Registered Number 00572778

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets - -
Tangible assets 3 3,835 5,038
Investments - -
3,835 5,038
Current assets
Stocks - 6,292
Debtors 12,445 16,665
Investments - -
Cash at bank and in hand 149,324 171,945
161,769 194,902
Prepayments and accrued income - -
Creditors: amounts falling due within one year (23,004) (31,502)
Net current assets (liabilities) 138,765 163,400
Total assets less current liabilities 142,600 168,438
Total net assets (liabilities) 142,600 168,438
Reserves
Revaluation reserve 0 0
Other reserves 61,640 61,640
Income and expenditure account 80,960 106,798
Members' funds 142,600 168,438
  • For the year ending 31 March 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 25 November 2016

And signed on their behalf by:
WMT Fowle, Director
JJ Tunesi of Liongam, Director

HERALDRY SOCIETY(THE) Registered Number 00572778

Notes to the Abbreviated Accounts for the period ended 31 March 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 Companies Act 2006, FRS 102 and SORP 2015.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets at annual rates in order to write off each asset over its estimated useful life.

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Having regard to the nature and age of the stocks, it is considered that at 31 March 2016 net realisable value should be taken as £ nil.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital. It is a charity. Other reserves are Restricted Funds.

3Tangible fixed assets
£
Cost
At 1 April 2015 12,287
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2016 12,287
Depreciation
At 1 April 2015 7,249
Charge for the year 1,203
On disposals 0
At 31 March 2016 8,452
Net book values
At 31 March 2016 3,835
At 31 March 2015 5,038