Registered Number 05213508

PALESTINE SOLIDARITY CAMPAIGN LTD

Abbreviated Accounts

31 August 2013

PALESTINE SOLIDARITY CAMPAIGN LTD Registered Number 05213508

Abbreviated Balance Sheet as at 31 August 2013

Notes 2013 2012
£ £
Fixed assets
Intangible assets - -
Tangible assets - -
Investments - -
- -
Current assets
Stocks 3,140 -
Debtors 26,989 9,916
Investments - -
Cash at bank and in hand 120,191 94,682
150,320 104,598
Prepayments and accrued income - -
Creditors: amounts falling due within one year (53,427) (35,757)
Net current assets (liabilities) 96,893 68,841
Total assets less current liabilities 96,893 68,841
Creditors: amounts falling due after more than one year 0 0
Provisions for liabilities 0 0
Accruals and deferred income 0 0
Total net assets (liabilities) 96,893 68,841
Reserves
Revaluation reserve 0 0
Other reserves 0 0
Income and expenditure account 96,893 68,841
Members' funds 96,893 68,841
  • For the year ending 31 August 2013 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 17 January 2014

And signed on their behalf by:
Hugh Lanning, Director
John Ellis, Director

PALESTINE SOLIDARITY CAMPAIGN LTD Registered Number 05213508

Notes to the Abbreviated Accounts for the period ended 31 August 2013

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 April 2008.

Turnover policy
Income is the turnover of the company and comprises membership subscriptions, donations, event income and sales of merchandise to members.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & machinery - 33% straight line

Other accounting policies
Operating leases

Rentals under operating leases are charged to the Income and expenditure account on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

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