Green Lane Association Ltd
|
For the year ended 31 August 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05369836
Green Lane Association Ltd
For the year ended 31 August 2016
1
Accountant's Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
Green Lane Association Ltd
Accountant's Report
For the year ended 31 August 2016
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the accounts of
|
Green Lane Association Ltd for the year ended
31
August
2016
which comprise 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
.
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As a practising member of the Association of Chartered Certified Accountants
,
we are subject to its ethical and other
|
professional requirements which are detailed at http
://
rulebook
.
accaglobal
.
com
.
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This report is made solely to the Board of Directors of Green Lane Association Ltd
,
as a body
,
in accordance with the terms
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of our engagement letter dated
2
June
2010
.
Our work has been undertaken solely to prepare for your approval the
|
accounts of Green Lane Association Ltd and state those matters that we have agreed to state to the Board of Directors of
|
Green Lane Association Ltd
,
as a body
,
in this report in accordance with the requirements of the Association of Chartered
|
Certified Accountants and as detailed at http
://
www
.
accaglobal
.
com
/
factsheet
163
.
To the fullest extent permitted by law
,
we
|
do not accept or assume responsibility to anyone other than Green Lane Association Ltd and its Board of Directors as a
|
body for our work or for this report
.
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It is your duty to ensure that Green Lane Association Ltd has kept adequate accounting records and to prepare statutory
|
accounts that give a true and fair view of the assets
,
liabilities
,
financial position and profit of Green Lane Association Ltd
.
|
You consider that Green Lane Association Ltd is exempt from the statutory audit requirement for the year
.
|
Wright Lilley & Co
Tudor House Mews
Westgate
Grantham
Lincs
NG31 6LU
10 March 2017
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Abbreviated Balance Sheet
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Green Lane Association Ltd
2016
2015
2
374
562
374
562
1,103
2,827
50,349
48,749
53,176
49,852
Creditors
:
amounts falling due within one year
|
(1,918)
(651)
47,934
52,525
Net current assets
Total assets less current liabilities
|
52,899
48,496
52,899
Net assets
48,496
52,899
48,496
52,899
48,496
Members' Funds
For the year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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Date approved by the board: 05 March 2017
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Mr Martin Sullivan Director
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Signed on behalf of the board of directors
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2 of 3
Notes to the Abbreviated Financial Statements
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Green Lane Association Ltd
For the year ended 31 August 2016
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Plant and Machinery
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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750
750
188
188
Charge for year
376
374
562
3
Company limited by guarantee
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The company is limited by guarantee and therefore has no shares
3 of 3