Abbreviated Company Accounts - SPAN ARTS LTD.

Registered Number 04150772

SPAN ARTS LTD.

Abbreviated Accounts

31 March 2014

SPAN ARTS LTD. Registered Number 04150772

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	3	163,566	122,388
		163,566	122,388
Current assets
Debtors		5,760	26,075
Cash at bank and in hand		79,667	45,240
		85,427	71,315
Creditors: amounts falling due within one year		(41,772)	(16,631)
Net current assets (liabilities)		43,655	54,684
Total assets less current liabilities		207,221	177,072
Accruals and deferred income		(144,500)	(151,900)
Total net assets (liabilities)		62,721	25,172
Reserves
Revaluation reserve		41,600	-
Other reserves		4,256	26,287
Income and expenditure account		16,865	(1,115)
Members' funds		62,721	25,172

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 their behalf by:
N. Roguski, Director

SPAN ARTS LTD. Registered Number 04150772

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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.

Tangible assets depreciation policy
Buildings - 4% straight line
Equipment - 25% reducing balance

Valuation information and policy
On 4th July 2014, the freehold property was revalued by M A Woods, Assoc RICS of R K Lukas & Son, on instruction from the trustees. It was felt that no further increase had arisen since the year end and therefore this revaluation has been reflected in the Tangible Fixed Assets.

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

3Tangible fixed assets

	£
Cost
At 1 April 2013	205,837
Additions	766
Disposals	-
Revaluations	41,600
Transfers	-
At 31 March 2014	248,203
Depreciation
At 1 April 2013	83,449
Charge for the year	1,188
On disposals	-
At 31 March 2014	84,637
Net book values
At 31 March 2014	163,566
At 31 March 2013	122,388