Specialist Cheesemakers' Association - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02438526 (England and Wales)

Financial Statements for the Year Ended 31 March 2019

for

SPECIALIST CHEESEMAKERS' ASSOCIATION

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T Rowcliffe

Mrs C F Mead

SECRETARY:

A G Kuyk

REGISTERED OFFICE:

17 Clerkenwell Green

London

EC1R 0DP

REGISTERED NUMBER:

02438526 (England and Wales)

ACCOUNTANTS:

Boyds

20 Sansome Walk

Worcester

WR1 1LR

CURRENT ASSETS

Debtors

3

7,039

5,797

Cash at bank

24,563

27,968

31,602

33,765

CREDITORS

Amounts falling due within one year

4

1,866

3,080

NET CURRENT ASSETS

29,736

30,685

TOTAL ASSETS LESS CURRENT LIABILITIES

29,736

30,685

RESERVES

Income and expenditure account

5

29,736

30,685

29,736

30,685

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a 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 financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 May 2019 and were signed on its behalf by:

T Rowcliffe - Director

1.	STATUTORY INFORMATION

Specialist Cheesemakers' Association is a private company, limited by guarantee , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those

in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been

enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

VAT

6,307

5,485

Subscriptions

732

312

7,039

5,797

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

389

778

Tax

2

2

Advance subscriptions

925

-

Accrued expenses

550

2,300

1,866

3,080

5.

RESERVES

Income

and

expenditure

account

£

At 1 April 2018

30,685

Deficit for the year

(949

)

At 31 March 2019

29,736