Registered Number 02629372
CENTRAL AJAX FOOTBALL CLUB LIMITED
Micro-entity Accounts
31 July 2016
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Fixed Assets |
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Current assets | |||
Stocks |
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Debtors |
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Investments |
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Cash at bank and in hand |
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Prepayments and accrued income |
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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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Creditors: amounts falling due after more than one year |
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Provisions for liabilities |
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Accruals and deferred income |
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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
Turnover policy
facilities hire, donations and fundraising.
Tangible assets depreciation policy
losses. Cost comprises the aggregate amounts paid and the fair value of any other consideration given to acquire the asset and includes costs directly attributable to making the assets capable of operating as intended.
Depreciation is provided on all tangible fixed assets on a straight line basis over its expected useful life as follows:
Freehold buildings 50 years
Plant and machinery 3 to 20 years
The carrying values of property of tangible fixed asset are reviewed for impairment if events or changes in circumstances indicate the carrying value may not be recoverable, and are written down immediately to their recoverable amount. Useful lives and residual values are reviewed annually and where adjustments are required these are made prospectively.
An item of tangible fixed asset is derecognised upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising on derecognition of the asset is included in the Income Statement in the period of derecognition.
2
Company limited by guarantee