Registered Number 02814910

CENTRE FOR SELF MANAGED LEARNING LIMITED

Abbreviated Accounts

31 May 2013

CENTRE FOR SELF MANAGED LEARNING LIMITED Registered Number 02814910

Abbreviated Balance Sheet as at 31 May 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 3 1,529 795
1,529 795
Current assets
Debtors 4 1,152 10,555
Cash at bank and in hand 31,338 18,002
32,490 28,557
Creditors: amounts falling due within one year (1,633) (5,790)
Net current assets (liabilities) 30,857 22,767
Total assets less current liabilities 32,386 23,562
Total net assets (liabilities) 32,386 23,562
Reserves
Income and expenditure account 32,386 23,562
Members' funds 32,386 23,562
  • For the year ending 31 May 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 29 January 2014

And signed on their behalf by:
Ben Bennett, Director

CENTRE FOR SELF MANAGED LEARNING LIMITED Registered Number 02814910

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

1Accounting Policies

Basis of measurement and preparation of accounts
ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the financial statements.

a) Basis of Preparation
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), the Companies Act 2006 and follow the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice issued in March 2005.

b) Funds
The Charity has various types of funds for which it is responsible:-

Unrestricted Funds – these funds are for use on the general charitable objectives of the Charity.
Restricted Funds – these funds are for use as directed by the donor.

c) Incoming Resources
Grants
Grants are recognised on an accruals basis, accounted for in relation to the period that they relate. Where grants have been received for capital items, the total grant has been disclosed in the SOFA and depreciation, in accordance with the accounting policies, has been charged against that income over the estimated useful economic life of the asset.

Where grants are received during the year under review but relate to a later period the amount is deferred under Grants in Advance in the Balance Sheet (see Notes 4 and 9).

d) Resources expended
Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration on each activity, comprising the salary and overhead costs of the central function, is apportioned on a basis which is an estimate, based on the proportion of cost of each activity to the total cost of all activities.

e) Depreciation and Fixed Assets
Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life which in all cases is estimated at 3 years. The company does not have a minimum value for capitalisation of fixed assets

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

3Tangible fixed assets
£
Cost
At 1 June 2012 1,097
Additions 1,130
Disposals -
Revaluations -
Transfers -
At 31 May 2013 2,227
Depreciation
At 1 June 2012 302
Charge for the year 396
On disposals -
At 31 May 2013 698
Net book values
At 31 May 2013 1,529
At 31 May 2012 795
4Debtors

Trade debtors £950
Prepayments £202