Registered Number NI035373
ACCEPTABLE ENTERPRISES LTD
Abbreviated Accounts
31 July 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets |
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Tangible assets | 3 |
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Current assets | |||
Stocks |
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Debtors |
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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
Turnover policy
Tangible assets depreciation policy
Leasehold Property Improvements 10% Straight line
Plant and machinery 10% Straight line
Fixtures, fittings & equipment 10% Straight line
Other accounting policies
Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific artistic projects being undertaken by the Charity.
Stock
Stock consists of raw materials, consumables and products for resale. Stock is valued at the lower of cost and net realisable value.
Transition to FRS102
The charity transitioned to FRS102 during the year. There were no material prior year adjustments required upon transition. The transition date was 1 August 2015.
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated on the basis of a judgement as to the proportion of time spent on each of the activities.
2Company limited by guarantee
£ | |
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Cost | |
At 1 August 2015 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 31 July 2016 |
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Depreciation | |
At 1 August 2015 |
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Charge for the year |
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On disposals |
( |
At 31 July 2016 |
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Net book values | |
At 31 July 2016 | 113,409 |
At 31 July 2015 | 94,472 |