British Taxpayers Association Limited Filleted accounts for Companies House (small and micro)

British Taxpayers Association Limited Filleted accounts for Companies House (small and micro)

BRITISH TAXPAYERS ASSOCIATION LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 00251284
British Taxpayers Association Limited
Filleted Unaudited Financial Statements
31 January 2019
British Taxpayers Association Limited
Financial Statements
Year ended 31 January 2019
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
British Taxpayers Association Limited
Officers and Professional Advisers
The board of directors
Z A Harris
C M Spinks
Company secretary
Z A Harris
Registered office
The Gate House
Field Place Estate
Broadbridge Heath
Horsham
West Sussex
RH12 3PB
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
British Taxpayers Association Limited
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of British Taxpayers Association Limited
Year ended 31 January 2019
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 January 2019, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
British Taxpayers Association Limited
Statement of Financial Position
31 January 2019
2019
2018
Note
£
£
£
Fixed assets
Intangible assets
5
106,200
127,441
Tangible assets
6
13,310
16,484
Investments
7
2
2
---------
---------
119,512
143,927
Current assets
Debtors
8
116,229
128,834
Cash at bank and in hand
112,059
100,240
---------
---------
228,288
229,074
Creditors: amounts falling due within one year
9
80,730
93,985
---------
---------
Net current assets
147,558
135,089
---------
---------
Total assets less current liabilities
267,070
279,016
Creditors: amounts falling due after more than one year
10
23,713
32,968
---------
---------
Net assets
243,357
246,048
---------
---------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
242,357
245,048
---------
---------
Shareholders funds
243,357
246,048
---------
---------
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 comprehensive income has not been delivered.
For the year ending 31 January 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 .
British Taxpayers Association Limited
Statement of Financial Position (continued)
31 January 2019
These financial statements were approved by the board of directors and authorised for issue on 30 October 2019 , and are signed on behalf of the board by:
Z A Harris
Director
Company registration number: 00251284
British Taxpayers Association Limited
Notes to the Financial Statements
Year ended 31 January 2019
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Gate House, Field Place Estate, Broadbridge Heath, Horsham, West Sussex, RH12 3PB.
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
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and Fittings
-
25% reducing balance
Computer Equipment
-
33% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2018: 8 ).
5. Intangible assets
Goodwill
£
Cost
At 1 February 2018 and 31 January 2019
212,402
---------
Amortisation
At 1 February 2018
84,961
Charge for the year
21,241
---------
At 31 January 2019
106,202
---------
Carrying amount
At 31 January 2019
106,200
---------
At 31 January 2018
127,441
---------
6. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 February 2018
39,658
52,743
92,401
Additions
1,005
290
1,295
--------
--------
--------
At 31 January 2019
40,663
53,033
93,696
--------
--------
--------
Depreciation
At 1 February 2018
23,175
52,742
75,917
Charge for the year
4,372
97
4,469
--------
--------
--------
At 31 January 2019
27,547
52,839
80,386
--------
--------
--------
Carrying amount
At 31 January 2019
13,116
194
13,310
--------
--------
--------
At 31 January 2018
16,483
1
16,484
--------
--------
--------
7. Investments
Shares in group undertakings
£
Cost
At 1 February 2018 and 31 January 2019
2
----
Impairment
At 1 February 2018 and 31 January 2019
–
----
Carrying amount
At 31 January 2019
2
----
At 31 January 2018
2
----
The company owns 100% of the issued share capital of the company listed below:
British Taxpayers Association Trustees Limited
Country of Incorporation - UK
Principal Activity - dormant company
Holding - 2 Ordinary Shares
8. Debtors
2019
2018
£
£
Trade debtors
105,217
112,289
Amounts owed by group undertakings and undertakings in which the company has a participating interest
1,002
–
Other debtors
10,010
16,545
---------
---------
116,229
128,834
---------
---------
9. Creditors: amounts falling due within one year
2019
2018
£
£
Bank loans
11,976
11,976
Trade creditors
17,870
13,896
Amounts owed to group undertakings and undertakings in which the company has a participating interest
1,002
1,002
Corporation tax
17,539
15,416
Social security and other taxes
31,539
36,579
Other creditors
804
15,116
--------
--------
80,730
93,985
--------
--------
10. Creditors: amounts falling due after more than one year
2019
2018
£
£
Bank loans
23,713
32,968
--------
--------
11. Controlling party
The ultimate parent company is Harris Stewart Limited.