Company Registration No. 6635743 (England and Wales)
THE EUROPEAN AZERBAIJAN SOCIETY
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
THE EUROPEAN AZERBAIJAN SOCIETY
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
THE EUROPEAN AZERBAIJAN SOCIETY
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
5,236
3,470
Current assets
Debtors
97,251
246,442
Creditors: amounts falling due within one year
(62,845)
(201,194)
Net current assets
34,406
45,248
Total assets less current liabilities
39,642
48,718
Capital and reserves
Profit and loss account
39,642
48,718
Shareholders'  funds
39,642
48,718
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 22 September 2016
Mr L D Zetter
Director
Company Registration No. 6635743
THE EUROPEAN AZERBAIJAN SOCIETY
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% on cost
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015
4,627
Additions
3,898
At 31 December 2015
8,525
Depreciation
At 1 January 2015
1,157
Charge for the year
2,132
At 31 December 2015
3,289
Net book value
At 31 December 2015
5,236
At 31 December 2014
3,470
THE EUROPEAN AZERBAIJAN SOCIETY
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
3
Company limited by guarantee
The company is limited by guarantee, with each members liability limited to £1 in the event of the company being wound up.
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