| Essex Construction Training Association |
| (Limited by Guarantee) |
| Registered number: |
06318959 |
| Balance Sheet |
| as at 31 December 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
127 |
|
|
169 |
|
| Current assets |
| Debtors |
3 |
|
22,289 |
|
|
14,150 |
| Cash at bank and in hand |
|
|
37,579 |
|
|
41,089 |
|
|
|
59,868 |
|
|
55,239 |
|
| Creditors: amounts falling due within one year |
4 |
|
(6,195) |
|
|
(8,678) |
|
| Net current assets |
|
|
|
53,673 |
|
|
46,561 |
|
| Net assets |
|
|
|
53,800 |
|
|
46,730 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Surplus and deficit account |
|
|
|
53,800 |
|
|
46,730 |
|
| Shareholder's funds |
|
|
|
53,800 |
|
|
46,730 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The surplus and deficit account has not been delivered to the Registrar of Companies. |
|
|
|
|
| P J Betteridge |
| Director |
| Approved by the board on 8 February 2019 |
|
| Essex Construction Training Association |
| (Limited by Guarantee) |
| Notes to the Accounts |
| for the year ended 31 December 2018 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Income |
|
Income is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Income includes revenue earned from the sale of goods and from the rendering of services. Income from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Income from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 4 years |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
The company has obtained exemption from H M Revenue & Customs in respect of corporation tax, it being a company not carrying on a business for the purpose of making a profit. Corporation tax is payable on any interest income received in excess of £100. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Government grants |
|
Governments grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability. |
|
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 January 2018 |
390 |
|
At 31 December 2018 |
390 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2018 |
221 |
|
Charge for the year |
42 |
|
At 31 December 2018 |
263 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2018 |
127 |
|
At 31 December 2017 |
169 |
|
|
| 3 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
Trade debtors |
19,661 |
|
10,708 |
|
Other debtors |
2,628 |
|
3,442 |
|
|
|
|
|
|
22,289 |
|
14,150 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Trade creditors |
5,170 |
|
5,386 |
|
Other creditors |
1,025 |
|
3,292 |
|
|
|
|
|
|
6,195 |
|
8,678 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Members' liability |
|
|
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £10. |
|
|
| 6 |
Other information |
|
|
Essex Construction Training Association is a private company limited by shares and incorporated in England. Its registered office is: |
|
c/o Haynes & Smith Ltd |
|
45 Harvey Road |
|
Burnt Mills, Basildon |
|
Essex |
|
SS13 1DF |
