Abbreviated Company Accounts - THE WALLY FOSTER COMMUNITY CENTRE ASSOCIATION LTD.

Abbreviated Company Accounts - THE WALLY FOSTER COMMUNITY CENTRE ASSOCIATION LTD.

THE WALLY FOSTER COMMUNITY CENTRE ASSOCIATION LTD. - Company Information

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Registered Number 02967895

THE WALLY FOSTER COMMUNITY CENTRE ASSOCIATION LTD.

Abbreviated Accounts

31 March 2016

THE WALLY FOSTER COMMUNITY CENTRE ASSOCIATION LTD. Registered Number 02967895

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 3 5,451 4,055
5,451 4,055
Current assets
Debtors 4 36,896 2,941
Cash at bank and in hand 25,154 34,334
62,050 37,275
Creditors: amounts falling due within one year 5 (14,205) (10,327)
Net current assets (liabilities) 47,845 26,948
Total assets less current liabilities 53,296 31,003
Total net assets (liabilities) 53,296 31,003
Reserves
Income and expenditure account 53,296 31,003
Members' funds 53,296 31,003
  • 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 7 December 2016

And signed on their behalf by:
Anthony Roberts, Director
Danny Julie, Director

THE WALLY FOSTER COMMUNITY CENTRE ASSOCIATION LTD. Registered Number 02967895

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 Financial Reporting Standard for Smaller Entities effective April 2008.

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

3Tangible fixed assets
£
Cost
At 1 April 2015 7,479
Additions 2,347
Disposals -
Revaluations -
Transfers -
At 31 March 2016 9,826
Depreciation
At 1 April 2015 3,424
Charge for the year 951
On disposals -
At 31 March 2016 4,375
Net book values
At 31 March 2016 5,451
At 31 March 2015 4,055

Individual asset costing over £100 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as followed:
Fittings & Fixtures 25%
Computers & Printers 25%
Furniture 25%

4Debtors
2016
£		 2015
£
Debtors include the following amounts due after more than one year 36,896 2,941

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

5Creditors
2016
£		 2015
£
Secured Debts 15,923 2,941