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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016 |
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FOR |
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CREATIVE INDUSTRIES FEDERATION |
A COMPANY LIMITED BY GUARANTEE |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016 |
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FOR |
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CREATIVE INDUSTRIES FEDERATION |
A COMPANY LIMITED BY GUARANTEE |
CREATIVE INDUSTRIES FEDERATION (REGISTERED NUMBER: 08793599) |
A COMPANY LIMITED BY GUARANTEE |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 March 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
CREATIVE INDUSTRIES FEDERATION |
A COMPANY LIMITED BY GUARANTEE |
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COMPANY INFORMATION |
for the Year Ended 31 March 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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CREATIVE INDUSTRIES FEDERATION (REGISTERED NUMBER: 08793599) |
A COMPANY LIMITED BY GUARANTEE |
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ABBREVIATED BALANCE SHEET |
31 March 2016 |
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31.3.16 | 31.3.15 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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RESERVES |
Profit and loss account | ( |
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( |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the Board of Directors on
by: |
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CREATIVE INDUSTRIES FEDERATION (REGISTERED NUMBER: 08793599) |
A COMPANY LIMITED BY GUARANTEE |
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NOTES TO THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 March 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
At the balance sheet date the company had net liabilities of £148,763 |
The Board's policy on revenue recognition is that membership income is recognised as accruing from the date |
that the invoice is paid and not from the date that the invoice is issued. |
It should therefore be noted that in accordance with this policy £506,318 of membership income has been |
deferred to the next financial year. |
According the Board is of the opinion that the company is trading as a going concern. |
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Accounting convention |
The financial statements 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 |
Turnover represents net invoiced membership subscriptions, grant funding and founding contributions, excluding |
value added tax. |
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Development costs |
The costs incurred in the development of the CRM database are amortised in equal instalments over three years. |
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Computer software |
The costs incurred in the development of the company website are amortised in equal instalments over three |
years. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
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Additions |
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At 31 March 2016 |
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AMORTISATION |
At 1 April 2015 |
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Amortisation for year |
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At 31 March 2016 |
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NET BOOK VALUE |
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At 31 March 2016 |
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At 31 March 2015 |
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CREATIVE INDUSTRIES FEDERATION (REGISTERED NUMBER: 08793599) |
A COMPANY LIMITED BY GUARANTEE |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the Year Ended 31 March 2016 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 April 2015 |
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Additions |
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At 31 March 2016 |
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DEPRECIATION |
At 1 April 2015 |
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Charge for year |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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4. | SHARE CAPITAL |
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The company is limited by guarantee, with each member undertaking to contribute an amount not exceeding £1 |
in the event of the company being wound up. |