(A company limited by guarantee)
Year Ended
Company Registration Number:
Axis Trampoline Club Limited
Contents
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Axis Trampoline Club Limited
Abbreviated Balance Sheet
31 March 2016
Note |
31 March 2016
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31 March 2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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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 |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Deferred income |
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- |
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Net assets |
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Capital and reserves |
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Profit and loss account |
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Members' funds |
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1
Axis Trampoline Club Limited
Abbreviated Balance Sheet
31 March 2016
......... continued
Approved by the Board on
Mrs M J Monro
Mr O R Monro |
Mr C Chopping
Mr N Baker |
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2
Axis Trampoline Club Limited
Notes to the Abbreviated Accounts
Year Ended
31 March 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Property improvements |
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Stock
Hire purchase and leasing
Axis Trampoline Club Limited
Notes to the Abbreviated Accounts
Year Ended
31 March 2016
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 April 2015 |
25,823 |
25,823 |
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Additions |
49,958 |
49,958 |
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At 31 March 2016 |
75,781 |
75,781 |
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Depreciation |
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At 1 April 2015 |
6,220 |
6,220 |
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Charge for the year |
15,273 |
15,273 |
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At 31 March 2016 |
21,493 |
21,493 |
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Net book value |
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At 31 March 2016 |
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At 31 March 2015 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
31 March 2016
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31 March 2015
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Amounts falling due within one year |
5,984 |
5,984 |
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Amounts falling due after more than one year |
13,440 |
17,949 |
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Total secured creditors |
19,424 |
23,933 |
Company status |
The company is a private company limited by guarantee and consequently does not have share capital. Each of the Members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation. At the Balance Sheet date there were two Members.