Abbreviated Company Accounts - THE B.M.W. MOTORCYCLE CLUB LIMITED

Abbreviated Company Accounts - THE B.M.W. MOTORCYCLE CLUB LIMITED

THE B.M.W. MOTORCYCLE CLUB LIMITED - Company Information

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Registered Number 04261129

THE B.M.W. MOTORCYCLE CLUB LIMITED

Abbreviated Accounts

30 September 2016

THE B.M.W. MOTORCYCLE CLUB LIMITED Registered Number 04261129

Abbreviated Balance Sheet as at 30 September 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 3 7,245 166
7,245 166
Current assets
Stocks 9,300 7,079
Debtors 62,529 69,091
Cash at bank and in hand 137,828 161,135
209,657 237,305
Creditors: amounts falling due within one year (45,837) (41,942)
Net current assets (liabilities) 163,820 195,363
Total assets less current liabilities 171,065 195,529
Total net assets (liabilities) 171,065 195,529
Reserves
Other reserves 179,092 184,760
Income and expenditure account (8,027) 10,769
Members' funds 171,065 195,529
  • For the year ending 30 September 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 18 February 2017

And signed on their behalf by:
Mr J Lepley, Director

THE B.M.W. MOTORCYCLE CLUB LIMITED Registered Number 04261129

Notes to the Abbreviated Accounts for the period ended 30 September 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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Membership database - 20% straight line
Plant & Machinery - 25%
Computer equipment - 100% straight line

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

3Tangible fixed assets
£
Cost
At 1 October 2015 9,173
Additions 9,054
Disposals -
Revaluations -
Transfers -
At 30 September 2016 18,227
Depreciation
At 1 October 2015 9,007
Charge for the year 1,975
On disposals -
At 30 September 2016 10,982
Net book values
At 30 September 2016 7,245
At 30 September 2015 166