Oundle Cinema Limited - Period Ending 2014-03-31

Registration number: 05703829

Oundle Cinema Limited

(A company limited by guarantee)

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Oundle Cinema Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Oundle Cinema Limited
(Registration number: 05703829)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Current assets
Debtors					3,346			1,713
Cash at bank and in hand					6,986			8,868
					10,332			10,581
Creditors: Amounts falling due within one year					(1,970)			(1,997)
Net assets					8,362			8,584
Capital and reserves
Profit and loss account					8,362			8,584
Shareholders' funds					8,362			8,584

For the year ending 31 March 2014 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 29 October 2014 and signed on its behalf by:

 C H Wallace
 Director

The notes on page 2 form an integral part of these financial statements.
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Oundle Cinema Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Video equipment	Straight line over 3 years

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		19,367			19,367
Disposals		(415)			(415)
At 31 March 2014		18,952			18,952
Depreciation
At 1 April 2013		19,367			19,367
Eliminated on disposals		(415)			(415)
At 31 March 2014		18,952			18,952
Net book value
At 31 March 2014		-			-
At 31 March 2013		-			-

3	Company status

The company is a "not for profit" organisation limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation. At the balance sheet date there were 23 members (2013 - 30).

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