Tuesday, May 21, 2019

 

 

ABERNYTE COMMUNITY COMPANY

(Limited by Guarantee with no share capital)

 

Company No. SC 301351

 

Financial Statements for the Year to 30th June 2014.

 

(With comparative figures)

 

 

                                 ABERNYTE COMMUNITY COMPANY

(Limited by Guarantee with no share capital)

 

 

 

Company Information for the year ended 30th June 2014

 

 

Directors                    GerardMcGoldrick

                                    Malcolm McSwan

Gordon Nicoll

Sarah Petrie

Helen Richardson

Sue Vardy

 

Secretary                    Malcolm McSwan

 

 

Registered Office       Latch House

Abernyte

Perthshire

PH14 9SU                                       

 

                                   

ABERNYTE COMMUNITY COMPANY

(Limited by Guarantee with no share capital)

 

 

                                             Report of the Directors

                                        For the Year ended 30th June 2014

 

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was to promote the benefit of the inhabitants of the Abernyte Community.

 

DIRECTORS

The directors in office in the year were as follows;

                                          

 

                                      Malcolm McSwan

                                      Gordon Nicoll

                                      Sarah Petrie

                                      Helen Richardson

                                      Sue Vardy

                                      Gerard McGoldrick ( appointed 14 November 2013)                                       

 

 

   

 

 

The directors report has been prepared in accordance with the special provisions of the Companies Act 2006 relating to small companies.

 

 

Signed on behalf of the Board of Directors.

 

 

 

Malcolm McSwan, Director

 

Approved by the Board    17th November 2014.

 

 

 

ABERNYTE COMMUNITY COMPANY

(Limited by Guarantee with no share capital)

 

 

 

 

Profit and Loss Account

For the Year ended 30th June 2014

 

 

 

                                                                        Note           2014                 2013                   

INCOME                                                           1                 0                       18             

 

Administrative expenses                                                    197                    223

 

OPERATING (LOSS)/PROFIT                        2              (197)               (205)       

 

Taxation                                                             3                   -                  -                            

 

(LOSS)/PROFIT ON ORDINARY ACTIVITIES

  AFTER TAXATION                                                       (197)                (205)

 

Retained (loss)/profit carried forward                                (197)                (205)

 

 

 

 

   

 

 

 

                           The notes form part of these financial statements

 

 

 

 

                                  ABERNYTE COMMUNITY COMPANY

(Limited by Guarantee with no share capital)

 

 

Balance Sheet

At 30th June 2014

 

                                                                Notes                     2014                 2013                           

                                                                                                  £                       £

FIXED ASSETS                                                                      883                 883

  Less: Written Off                                                                  (883)              ( 883)

                                                                                                     0                       0

CURRENT ASSETS                            

  

Cash at Bank                                                                          346                   475

Sundry Debtor                                                                            0                     98

                                                                                               346                   573

LESS:  CREDITORS                                  4

 

Amounts falling due within one year                                       (13)               ( 43)

   

NET CURRENT ASSETS                                                      333                 530

 

CAPITAL AND RESERVES

 

Retained profit at 30th June 2013                                           530

Loss for year                                                                          (197)

RETAINED PROFIT CARRIED FORWARD                    333                   530

 

 

For the year ended 30th June 2014 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities;

            The members have not required the company to obtain an audit of its account for the year in question in accordance with section 476.

            The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

            These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

           

The Financial Statements were approved by the Board on 17th November 2014  and were signed by;

 

 

Malcolm McSwan, Director

                                                    

                            These notes form part of the financial statements

 

                        

 

ABERNYTE COMMUNITY COMPANY

(Limited by Guarantee with no share capital)

 

 

Notes to the Financial Statements

For the Year ended 30th June 2014

 

 

  1. ACCOUNTING POLICIES

Accounting Convention

   These financial statements have been prepared under the historical cost convention in accordance with the Financial Reporting Standard for Small Entities (effective January 2005).

 

Income                                                                                                £ 0  (2013 £18)

  

OPERATING PROFIT

Directors emoluments                                                             £ nil (2013 £nil)

   Directors are not eligible for any emoluments for services they provide to the Company.

 

  1. TAXATION

No liability to UK Corporation Tax arose on ordinary activities for the year ended 30th June 2014.

 

  1. CREDITORS

          Falling due within one year   - Trade Creditors               £ 13 (2013 £43)

 

  1. CALLED UP CAPITAL

          The company has no authorised share capital.

 

 

       

 

ABERNYTE COMMUNITY COMPANY

(Limited by Guarantee with no share capital)

 

 

 

 

Independent Auditor’s Report to the Members of

Abernyte Community Company Limited

 

__________________________________________________________________________________

 

 

 

 

 

 

I have examined the financial statements of Abernyte Community Company Limited for the year ended 30th June 2014 set out on pages 3 to 6 prepared under section 226 of the Companies Act 1985.

 

BASIS OF AUDIT OPINION

 

I performed my audit so as to obtain all the information and explanations which I considered necessary in order to provide me with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming my opinion I also evaluated the overall adequacy of the presentation of information in the financial statements.

 

 

OPINION

 

In my opinion the financial statements give a true and fair view of the state of the company’s affairs as at 30th June 2014 and of its loss for the year and have been properly prepared in accordance with the provisions of the Companies Act 1985.

 

 

 

 

 

Alan Vardy

Kirkton

Abernyte

Perthshire

17th November 2014

 

ABERNYTE COMMUNITY COMPANY

(Limited by Guarantee with no share capital)

 

Trading and Profit and Loss Account

For the year ended 30th June 2014.

 

 

 

                                                                                2014                        2013                       

                                                                                   £                               £                

 

INCOME       (see below)                                          0                           18             

 

EXPENDITURE

Web site running cost                                      86                          86

Insurance                                                          98                          98               

Annual Returns                                                13                          14             School Rent                                                     -                             25  

               

                       TOTAL EXPENDITURE                    197                        223                        

 

PROFIT /(LOSS)

                                                                      ( 197)                      (205)

 

       

INCOME ANALYSIS

 

   COMMUNITY CHOIR PROJECT 2013

 

   Total Revenue and Grants                                                                      276

    Expenditure

      Tuition and Transport                                                              180

      Gift to tutor                                                                                17

      Donation to church                                                                     61

                                                                                                                   258

   

                  Net Surplus                                                 0                            18

 

 

 

 

 

This page does not form part of the statutory financial statements.