Polish-Welsh Association
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Registered number: |
08422347
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Abbreviated Balance Sheet |
as at 31 March 2015
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|
Notes |
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|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
202 |
|
|
976 |
|
Current assets |
Debtors |
|
|
154 |
|
|
- |
Cash at bank and in hand |
|
|
8,796 |
|
|
10,790 |
|
|
|
8,950 |
|
|
10,790 |
|
Creditors: amounts falling due within one year |
|
|
(4,459) |
|
|
(5,714) |
|
Net current assets |
|
|
|
4,491 |
|
|
5,076 |
|
Net assets |
|
|
|
4,693 |
|
|
6,052 |
|
|
|
|
|
|
|
|
Capital and reserves |
Profit and loss account |
|
|
|
4,693 |
|
|
6,052 |
|
Shareholders' funds |
|
|
|
4,693 |
|
|
6,052 |
|
|
|
|
|
|
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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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|
J R Hopkins |
Director |
Approved by the board on 17 December 2015
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|
Polish-Welsh Association
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Notes to the Abbreviated Accounts |
for the year 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 January 2015).
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Legal status |
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The company is limited by guarantee. The liability of each member in the event of the company being wound up is limited to £1. |
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Turnover |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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|
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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 |
33.33% straight line
|
|
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Grants |
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Revenue grants are allocated to the profit and loss account in the period in which the expenditure to which they relate is incurred. Capital grants are treated as deferred credits and credited to the profit and loss account over the estimated useful life of the relevant fixed asset. |
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|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2014 |
13,129 |
|
At 31 March 2015 |
13,129 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2014 |
12,153 |
|
Charge for the year |
774 |
|
At 31 March 2015 |
12,927 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2015 |
202 |
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At 31 March 2014 |
976 |
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