The Newt Festival,Ltd - AccountsLtd - Accounts

The Newt Festival,Ltd - AccountsLtd - Accounts

THE NEWT FESTIVAL - Company Information

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2016-10-01 03716305 2017-09-30 03716305 2016-10-01 2017-09-30 03716305 2016-09-30 03716305 2015-10-01 2016-09-30 03716305 uk-core:WithinOneYear 2016-09-30 03716305 uk-core:WithinOneYear 2017-09-30 03716305 uk-core:RetainedEarningsAccumulatedLosses 2017-09-30 03716305 uk-core:RetainedEarningsAccumulatedLosses 2016-09-30 03716305 uk-bus:Director1 2016-10-01 2017-09-30 03716305 uk-bus:Director2 2016-10-01 2017-09-30 03716305 uk-core:FurnitureFittings 2016-10-01 2017-09-30 iso4217:GBP 03716305 uk-bus:AuditExemptWithAccountantsReport 2016-10-01 2017-09-30 03716305 uk-bus:FRS102 2016-10-01 2017-09-30 03716305 uk-bus:FullAccounts 2016-10-01 2017-09-30 03716305 uk-bus:CompanyLimitedByGuarantee 2016-10-01 2017-09-30
The Newt Festival
Registered Number:03716305
For the year ended 30 September 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2017
The Newt Festival
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 September 2017
The Newt Festival
Statement of Financial Position
Registered Number :
03716305
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
2,718
2,031
2
2,718
2,031
Current assets
22,268
Cash and cash equivalents
38,275
38,275
22,268
Trade and other payables: amounts falling due within one
year
(400)
(400)
3
21,868
37,875
Net current assets
Total assets less current liabilities
40,593
23,899
40,593
Net assets
23,899
Capital and reserves
Retained earnings
40,593
23,899
40,593
23,899
Members' Funds
For the year ended 30 September 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 profit or loss for each financial year in accordance with the requirements of Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
Mr A Cottey Director
Mr A Williams Director
These financial statements were approved and authorised for issue by the Board on 05 February 2018 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 30 September 2017
The Newt Festival
Notes to the Financial Statements
Statutory Information
The Newt Festival is a private limited company, limited by guarantee, domiciled in England and Wales, registration
number 03716305.
Registered address:
1 Impens Cottages
North Newton
Bridgwater
Somerset
TA7 0BB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20% Reducing balance
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Property, plant and equipment
Plant and
machinery
£
Cost or
valuation
At 01 October 2016
9,669
1,366
Additions
At 30 September 2017
11,035
Provision for depreciation and impairment
At 01 October 2016
7,638
Charge for year
679
At 30 September 2017
8,317
At 30 September 2017
Net book value
2,718
At 30 September 2016
2,031
2 of 3
5
For the year ended 30 September 2017
The Newt Festival
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
400
400
3 of 3