21st Century Thame Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05842686 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2017

for

21st Century Thame Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Woodman

S Martin-Downhill

REGISTERED OFFICE:

6a St Andrews Court

Wellington Street

Thame

Oxfordshire

OX9 3WT

REGISTERED NUMBER:

05842686 (England and Wales)

ACCOUNTANTS:

Fizz Accounting Limited

6a St Andrews Court

Wellington Street

Thame

Oxfordshire

OX9 3WT

CURRENT ASSETS

Debtors

4

1,142

1,016

Cash at bank

12,029

10,565

13,171

11,581

CREDITORS

Amounts falling due within one year

5

7,817

6,587

NET CURRENT ASSETS

5,354

4,994

TOTAL ASSETS LESS CURRENT LIABILITIES

5,354

4,994

RESERVES

Income and expenditure account

5,354

4,994

5,354

4,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 19 February 2018 and were signed on its behalf by:

P Woodman - Director

1.	STATUTORY INFORMATION

21st Century Thame Limited is a private company, limited by guarantee , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

All tangible fixed assets held by the company were purchased using monies received from government grants,

therefore no depreciation is provided for.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of

the lease.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

586

Grants

(586

)

At 30 June 2017

-

NET BOOK VALUE

At 30 June 2017

-

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Other debtors

1,142

1,016

Other Debtors includes £577 (2016: £831) of insurance expenses paid in advance and £565 (2016: £185) of

income for equipment rentals that had not been received by the year end.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade creditors

1

-

Taxation and social security

444

559

Other creditors

7,372

6,028

7,817

6,587

Other Creditors includes the following items -

1) Monies held on behalf of the Environment Group Sub-committee of £246 (2016: £246) and the Thame

Carnival of £5,225 (2016: £3,134).

2) Government grant income received in this, and prior, years that had not yet been used for its specified

purpose of £1,461 (2016: £1,540).

3) Income for equipment rentals that was received in advance of £140 (2016: £330).

4) An accrual of accountancy fees of £300 (2016: £300).

6.	ULTIMATE CONTROLLING PARTY

The company was controlled by its directors throughout the year.

7.

GUARANTEE

Every member of the company undertakes to contribute to the assets of the company, in the event of the

same being wound up while he is a member, or within one year after he ceases to be a member, for payment

of the debts and liabilities of the company contracted before he ceases to be a member, and of the costs,

charges and expenses of winding up and for the adjustment of the rights of the contributories among

themselves, such amount as may be required not exceeding £1.