National Infrastructure Planning Association Filleted accounts for Companies House (small and micro)

NATIONAL INFRASTRUCTURE PLANNING ASSOCIATION - Company Information

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COMPANY REGISTRATION NUMBER: 07167859

National Infrastructure Planning Association

Company Limited by Guarantee

Filleted Unaudited Financial Statements

31 May 2019

National Infrastructure Planning Association

Company Limited by Guarantee

Statement of Financial Position

31 May 2019

	2019		2018
Note	£	£	£

Current assets

Debtors	5	14,610	14,200
Cash at bank and in hand		95,011	96,151
		-------	-------
		109,621	110,351

Creditors: amounts falling due within one year	6	13,697		6,958
		-------		-------
Net current assets			95,924	103,393
			------	-------
Total assets less current liabilities			95,924	103,393
			------	-------

Capital and reserves

Profit and loss account	95,924	103,393
	------	-------
Members funds	95,924	103,393
	------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 May 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 14 October 2019 , and are signed on behalf of the board by:

Mr M Humphries

Director

Company registration number: 07167859

National Infrastructure Planning Association

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 May 2019

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 5-11 Mortimer Street, London, United Kingdom, W1T 3HS.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Revenue recognition

The turnover shown in the profit and loss account represents membership fees and income arising from events during the year.

The taxation expense represents the aggregate amount of current and deferred tax. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

(d) Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Company limited by guarantee

National Infrastructure Planning Association was incorporated on the 24th of February 2010 in England and Wales as a company limited by guarantee.

5. Debtors

	2019	2018
	£	£
Other debtors	14,610	14,200
	------	------

6. Creditors: amounts falling due within one year

	2019	2018
	£	£
Trade creditors	4,707	–
Corporation tax	305	756
Social security and other taxes	370	1,763
Other creditors	8,315	4,439
	------	-----
	13,697	6,958
	------	-----