NORTHERN HOPE CENTRE LIMITED
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Registered number: |
08360776
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Directors' Report |
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The company was added to the Register of Charities on 13 June 2013 and is registered as Charity number 1157471 |
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Principal activities |
The company's principal activity during the period was the provision of gymnastics for people of all abilities and ages on a not for profit basis
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Directors |
The following persons served as directors during the year: |
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G Thompson
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E Hodgson-Nicholson
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L Hope
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M Williams
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Political and charitable donations |
The company made no political or charitable contributions in the period |
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Small company provisions |
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
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This report was approved by the board on 20 November 2015 and signed by its order. |
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G Thompson |
Director |
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NORTHERN HOPE CENTRE LIMITED |
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of NORTHERN HOPE CENTRE LIMITED for the year ended 31 January 2015 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NORTHERN HOPE CENTRE LIMITED for the year ended 31 January 2015 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
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Andrew W Hunt & Co |
Chartered Accountants |
13 Lowthian Tce |
Washington |
Tyne & Wear |
NE38 7BA |
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20 November 2015 |
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NORTHERN HOPE CENTRE LIMITED
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Balance Sheet |
as at 31 January 2015
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Notes |
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2015 |
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2014 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
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25,446 |
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15,260 |
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Current assets |
Stocks |
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|
495 |
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- |
Debtors |
4 |
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1,116 |
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1,116 |
Cash at bank and in hand |
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19,673 |
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6,278 |
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21,284 |
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7,394 |
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Creditors: amounts falling due within one year |
5 |
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(2,540) |
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(2,015) |
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Net current assets |
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18,744 |
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5,379 |
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Net assets |
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44,190 |
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20,639 |
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Reserves |
General Fund |
6 |
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44,190 |
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20,639 |
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Shareholders' funds |
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44,190 |
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20,639 |
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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L Hope |
Director |
Approved by the board on 20 November 2015
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NORTHERN HOPE CENTRE LIMITED
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Notes to the Accounts |
for the year ended 31 January 2015
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover |
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Turnover represents the value of membership fees and donations received and sales of clothing to members
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Depreciation |
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Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
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Plant and machinery |
25% reducing balance
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Improvement costs |
Period of lease
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Stocks |
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Stock is valued at the lower of cost and net realisable value. |
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Pensions |
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The company does not operate a pension scheme |
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2 |
Operating profit |
2015 |
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2014 |
£ |
£ |
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This is stated after charging: |
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Depreciation of owned fixed assets |
7,660 |
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1,210 |
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3 |
Tangible fixed assets |
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Land and buildings |
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Plant and machinery etc |
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Total |
£ |
£ |
£ |
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Cost |
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At 1 February 2014 |
4,560 |
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11,910 |
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16,470 |
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Additions |
2,180 |
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15,666 |
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17,846 |
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At 31 January 2015 |
6,740 |
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27,576 |
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34,316 |
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Depreciation |
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At 1 February 2014 |
217 |
|
993 |
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1,210 |
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Charge for the year |
1,014 |
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6,646 |
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7,660 |
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At 31 January 2015 |
1,231 |
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7,639 |
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8,870 |
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Net book value |
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At 31 January 2015 |
5,509 |
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19,937 |
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25,446 |
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At 31 January 2014 |
4,343 |
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10,917 |
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15,260 |
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Land and building costs are improvement costs capitalized and written off over the period |
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of the lease |
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4 |
Debtors |
2015 |
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2014 |
£ |
£ |
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Other debtors |
1,116 |
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1,116 |
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5 |
Creditors: amounts falling due within one year |
2015 |
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2014 |
£ |
£ |
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Trade creditors |
500 |
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- |
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Other creditors |
2,040 |
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2,015 |
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2,540 |
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2,015 |
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6 |
Reserves |
2015 |
£ |
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At 1 February 2014 |
20,639 |
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Surplus on activities |
23,551 |
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At 31 January 2015 |
44,190 |
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7 |
Related party transactions |
2015 |
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2014 |
£ |
£ |
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L Hope
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Director
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Providing coaching services to the Gynastics Club through the business Fabtots on an arms length basis
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Amount due from (to) the related party |
(8,900) |
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(3,000) |
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8 |
Share Capital |
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The company is limited by guarantee of the members and is limited to a maximum of £10 |
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per member |