Abbreviated Company Accounts - CRAWLEY & GATWICK CHAMBER OF COMMERCE LIMITED

CRAWLEY & GATWICK CHAMBER OF COMMERCE LIMITED Registered Number 04996944

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	3	707	942
		707	942
Current assets
Cash at bank and in hand		6,207	5,688
		6,207	5,688
Creditors: amounts falling due within one year		(118)	0
Net current assets (liabilities)		6,089	5,688
Total assets less current liabilities		6,796	6,630
Total net assets (liabilities)		6,796	6,630
Reserves
Income and expenditure account		6,796	6,630
Members' funds		6,796	6,630

For the year ending 31 December 2014 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 24 September 2015

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 2014

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
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 2014	13,046
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	13,046
Depreciation
At 1 January 2014	12,104
Charge for the year	235
On disposals	-
At 31 December 2014	12,339
Net book values
At 31 December 2014	707
At 31 December 2013	942