Registered Number 04996944

CRAWLEY & GATWICK CHAMBER OF COMMERCE LIMITED

Abbreviated Accounts

31 December 2015

CRAWLEY & GATWICK CHAMBER OF COMMERCE LIMITED Registered Number 04996944

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 3 741 707
741 707
Current assets
Cash at bank and in hand 4,265 6,207
4,265 6,207
Creditors: amounts falling due within one year (204) (118)
Net current assets (liabilities) 4,061 6,089
Total assets less current liabilities 4,802 6,796
Total net assets (liabilities) 4,802 6,796
Reserves
Income and expenditure account 4,802 6,796
Members' funds 4,802 6,796
  • For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • 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.

Approved by the Board on 15 September 2016

And signed on their behalf by:
P R Hayden, Director

CRAWLEY & GATWICK CHAMBER OF COMMERCE LIMITED Registered Number 04996944

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents amounts receivable for subscriptions, levies and grants from members and local organisations.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment 25% reducing balance

Other accounting policies
Guarantee Capital
Under the terms of the company's Memorandum of Association its members have undertaken to contribute a maximum of £1 against any deficiency on a winding up.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets
£
Cost
At 1 January 2015 13,046
Additions 282
Disposals -
Revaluations -
Transfers -
At 31 December 2015 13,328
Depreciation
At 1 January 2015 12,339
Charge for the year 248
On disposals -
At 31 December 2015 12,587
Net book values
At 31 December 2015 741
At 31 December 2014 707