The Fifty Nine Club (Limited by Guarantee) |
Registered number: |
00854846 |
|
Abbreviated Balance Sheet |
as at 31 July 2016 |
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
41 |
|
|
55 |
|
Current assets |
Stocks |
|
|
746 |
|
|
1,612 |
Cash at bank and in hand |
|
|
8,272 |
|
|
7,925 |
|
|
|
9,018 |
|
|
9,537 |
|
Creditors: amounts falling due within one year |
|
|
(585) |
|
|
(585) |
|
Net current assets |
|
|
|
8,433 |
|
|
8,952 |
|
Net assets |
|
|
|
8,474 |
|
|
9,007 |
|
|
|
|
|
|
|
|
Capital and reserves |
Profit and loss account |
|
|
|
8,474 |
|
|
9,007 |
|
Shareholders' funds |
|
|
|
8,474 |
|
|
9,007 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
G Hall |
Director |
Approved by the board on 17 February 2017 |
|
The Fifty Nine Club (Limited by Guarantee) |
|
Notes to the Abbreviated Accounts |
for the year ended 31 July 2016 |
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
15% written down value |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2015 |
5,685 |
|
At 31 July 2016 |
5,685 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2015 |
5,630 |
|
Charge for the year |
14 |
|
At 31 July 2016 |
5,644 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2016 |
41 |
|
At 31 July 2015 |
55 |
|
|
|
|
|
|
|