THE_MELVION_CLUB_LIMITED - Accounts

THE MELVION CLUB LIMITED - Company Information

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Company Registration No. SC354814 (Scotland)

THE MELVION CLUB LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

THE MELVION CLUB LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

THE MELVION CLUB LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

Current assets

Cash at bank and in hand

189

2,085

Creditors: amounts falling due within one year

(14,402)

(14,857)

Net current liabilities

(14,213)

(12,772)

Total assets less current liabilities

(14,211)

(12,770)

Capital and reserves

Called up share capital

Profit and loss account

(14,212)

(12,771)

Shareholders' funds

(14,211)

(12,770)

For the financial year ended 28 February 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 12 November 2014

Colin Donaldson

Director

Company Registration No. SC354814

THE MELVION CLUB LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

Although the balance sheet reflects net liabilities, the director believes that the financial statements should be prepared on a going concern basis as adequate funds are available.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services.

Membership income is recognised in the relevant accounting periods covered by the membership. Any amounts in advance are held in the balance sheet as deferred income.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment and website

Straight line over 3 years

1.5

Deferred taxation

Deferred taxation is not provided in respect of timing differences between the treatment of certain items for taxation and accounting purposes as such a provision is not material. This treatment is in accordance with FRS 19 - Deferred Tax.

Fixed assets

Tangible assets

Cost

At 1 March 2013 & at 28 February 2014

7,539

Depreciation

At 1 March 2013 & at 28 February 2014

7,537

Net book value

At 28 February 2014

At 28 February 2013

THE MELVION CLUB LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

1 Ordinary share of £1 each