Annual Report 2012 - 2013 Jul 2013 | Page 51

ScotlandAs1 - MakeItHappen FINANCE REPORT Basketballscotland Limited (Limited by Guarantee) (Registered number: SC288195) Balance Sheet 31 July 2013 2013 £ FIXED ASSETS Tangible assets CURRENT ASSETS Stocks Debtors Cash at Hand CREDITORS Amounts falling due within one year 2012 £ £ 10,061 £ 8,341 26,876 150,337 46,777 223,990 4,788 196,636 170 201,594 181,678 161,930 NET CURRENT ASSETS 42,312 39,664 TOTAL ASSESTS LESS CURRENT LIABILITIES 52,373 48,005 Reserves Income and expenditure account 52,373 48,005 52,373 48,005 The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for year ended 31 July 2013. The members have not required the company to obtain an audit of its financial statements for year ended 31 July 2013 in accordance with Section 476 of Companies Act 2006. The Directors acknowledge their responsibilities for: (a) Ensuring the company keeps accounting records which comply with Sections 386 and 387 of Companies Act 2006 and (b) Preparing financial statements which giver true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to the financial statements, so far as applicable to the company. The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April #???F?Rf???6??7FFV?V?G2vW&R&?fVB'?F?R&?&B?bF?&V7F?'2??R?7F?&W"#2?&W7??6?&??G??FVF?6F????FV?v?&??&?w&W70??C????