Registered Number 02814910
CENTRE FOR SELF MANAGED LEARNING LIMITED
Abbreviated Accounts
31 May 2013
Notes | 2013 | 2012 | |
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Fixed assets | |||
Tangible assets | 3 |
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Current assets | |||
Debtors | 4 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Reserves | |||
Income and expenditure account |
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Members' funds |
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Approved by the Board on
And signed on their behalf by:
1Accounting Policies
Basis of measurement and preparation of accounts
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
£ | |
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Cost | |
At 1 June 2012 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 May 2013 |
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Depreciation | |
At 1 June 2012 |
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Charge for the year |
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On disposals |
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At 31 May 2013 |
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Net book values | |
At 31 May 2013 | 1,529 |
At 31 May 2012 | 795 |
Prepayments £202