Tech City (UK) Limited
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Registered number: |
08843778
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Abbreviated Balance Sheet |
as at 31 March 2015
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Notes |
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2015 |
|
£ |
|
Fixed assets |
Tangible assets |
2 |
|
|
16,005 |
|
Current assets |
Debtors |
|
|
86,915 |
Cash at bank and in hand |
|
|
154,673 |
|
|
|
241,588 |
|
|
|
Creditors: amounts falling due within one year |
|
|
(257,593) |
|
Net current liabilities |
|
|
|
(16,005) |
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|
Net assets |
|
|
|
- |
|
|
|
|
|
|
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Capital and reserves |
Profit and loss account |
|
|
|
- |
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Shareholder's funds |
|
|
|
- |
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|
|
|
|
|
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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 member has 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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|
G Grech |
Director |
Approved by the board on 13 October 2015
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|
Tech City (UK) Limited
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Notes to the Abbreviated Accounts |
for the period ended 31 March 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 grant income received in the period which is recognised in the profit and loss account so as to match it with the expenditure towards which it is intended to contribute. Grant income received in advance of the expenditure to which it is intended to contribute is deferred to the balance sheet to be matched against future expenditure.
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Other income |
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Other income represents sponsorship income and is recognised on an accruals basis. |
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Tangible fixed assets |
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Tangible fixed assets of the company are valued at historic cost less accumulated depreciation and are depreciated over their useful economic life as follows - |
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Plant and machinery |
25% straight line
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Winding up or dissolution |
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If upon winding up or dissolution of the company there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to the members equally. |
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Going Concern |
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The accounts have been prepared on a going concern basis as the directors are satisfied that the company has resources available to be able to meet it's future commitments as they fall due. |
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|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
Additions |
17,670 |
|
At 31 March 2015 |
17,670 |
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the period |
1,665 |
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At 31 March 2015 |
1,665 |
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|
|
|
|
|
|
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Net book value |
|
At 31 March 2015 |
16,005 |
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|
|
|
|
|
|
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3 |
Company limited by guarantee |
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The company is a private company limited by guarantee. Under the terms of the Articles of Association every member is liable to contribute a sum not exceeding one pound in the event of the company being wound up during the time that he or she is a member, or within one year of him or her ceasing to be a member. |