Registered Number 05737261
LONGTOWN CRICKET CLUB LTD
Abbreviated Accounts
31 March 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 3 |
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Current assets | |||
Stocks |
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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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( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
( |
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Total net assets (liabilities) |
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Reserves | |||
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
in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008),
and the requirements of the Statement of Recommended Practice 'Accounting and Reporting by
Charities' issued in March 2005 (SORP 2005).
Tangible assets depreciation policy
over the useful economic life of that asset as follows:
Cricket Equipment 25% reducing balance
Mowers etc 33% reducing balance
Ground Improvements 25% reducing balance
Valuation information and policy
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.
2
Company limited by guarantee
£ | |
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Cost | |
At 1 April 2014 |
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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 2015 |
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Depreciation | |
At 1 April 2014 |
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Charge for the year |
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On disposals |
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At 31 March 2015 |
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Net book values | |
At 31 March 2015 | 37,444 |
At 31 March 2014 | 42,230 |