Registered Number 02452636
S.A.D.A.C.C.A. LIMITED
Abbreviated Accounts
31 March 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 3 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Reserves | |||
Other reserves |
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Income and expenditure account |
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Members' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
The accounts are prepared under the historic cost convention.
The charity 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 charity.
The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities" issued in March 2005 and the Companies Act 2006.
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirement of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Turnover policy
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Grant income is accrued evenly over the grant period, with any over or under payment payment deferred to the following accounting period.
Grants specifically designated for fixed assets are separated to a Designated Fund. All grants with charitable use restrictions are classified as restricted funds.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the of resources.
Tangible assets depreciation policy
Land & Buildings - 2% straight line basis
Fixtures & Fittings - 20% straight line basis
Motor vehicles - 25% reducing balance basis
Any item deemed to have a useful life of at least 1 year is considered for capitalisation. The charity does not use a de minimis threshhold for the purpose of identifying fixed asset additions.
As at 31 March 2016 the estimated residual value of the buildings held under a short leasehold was £170,400 ( 2015 - £170,400).
Other accounting policies
The charity is exempt from corporation tax on its charitable activities.
2
Company limited by guarantee
£ | |
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Cost | |
At 1 April 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 March 2016 |
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Depreciation | |
At 1 April 2015 |
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Charge for the year |
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On disposals |
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At 31 March 2016 |
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Net book values | |
At 31 March 2016 | 274,497 |
At 31 March 2015 | 288,324 |