The Commercial Occupational Health Providers Association Limited - Filleted accounts

The Commercial Occupational Health Providers Association Limited - Filleted accounts

THE COMMERCIAL OCCUPATIONAL HEALTH PROVIDERS ASSOCIATION LIMITED - Company Information

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Registered number
05102593
The Commercial Occupational Health Providers Association Limited
Company Limited by Guarantee
Unaudited Filleted Accounts
31 December 2018
The Commercial Occupational Health Providers Association Limited
Registered number: 05102593
Statement of Financial Position
as at 31 December 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 3 1,457 1,400
Current assets
Debtors 4 11,764 15,632
Cash at bank and in hand 83,625 107,437
95,389 123,069
Creditors: amounts falling due within one year 5 (43,869) (47,901)
Net current assets 51,520 75,168
Net assets 52,977 76,568
Reserves
Income and expenditure account 52,977 76,568
Reserves 52,977 76,568
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 members have 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 profit and loss account has not been delivered to the Registrar of Companies.
Mr T Grant
Director
Approved by the board on 30 September 2019
The Commercial Occupational Health Providers Association Limited
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).
Going Concern
The directors believe the company has adequate resources and is well placed to manage its
business risks successfully. Therefore the directors continue to adopt the going concern basis of accounting and preparing the annual financial statements.
Income recognition
Income attributable to the financial year is recognised as follows:
- joining fees are accounted for in the period that the member joins the association
- membership fees are accounted for over the period covered by the subscription
- events fees are accounted for in the period that the event takes place
- investment income is accounted for over the period in which it is earned

Deferred income
Member subscriptions are payable in respect of a rolling 12 month period and are credited to income over the period to which they relate. The balance of this income that falls into the following year at the year end is shown as deferred income.
Tangible fixed assets
Tangible fixed assets (other than investment properties) are measured at cost less accumulative
depreciation and any accumulative impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be
capable of operating in the manner intended by management.

Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted
prospectively if appropriate, or if there is an indication of a significant change since the last
reporting date.

Gains and losses on disposals determined by comparing the proceeds with the carrying amount
and are recognised in the income statement.

Depreciation is provided as follows:
Plant and machinery 25% straight line
Debtors
Short term debtors are measured at transaction 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.
Cash and cash equivalents
Cash is represented by cash in hand and deposits held with financial institutions repayable without penalty on notice of not more than 24 hours.

Cash equivalents are highly liquid investments that mature in no more than three months from the
date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Short term creditors are measured at transaction 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
A current tax liability is recognised for the tax payable on the taxable investment income of the current and past periods.

Deferred tax is recognised in respect of all timing differences between the recognition of investment income in the financial statements and their inclusion in tax assessments.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Current and deferred tax liabilities are not discounted.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to income or expenditure.
2 Employees 2018 2017
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2018 1,867
Additions 699
At 31 December 2018 2,566
Depreciation
At 1 January 2018 467
Charge for the year 642
At 31 December 2018 1,109
Net book value
At 31 December 2018 1,457
At 31 December 2017 1,400
4 Debtors 2018 2017
£ £
Trade debtors 5,268 9,778
Other debtors 6,496 5,854
11,764 15,632
5 Creditors: amounts falling due within one year 2018 2017
£ £
Trade creditors 3,986 1,292
Taxation and social security costs 2,686 2,729
Other creditors 37,197 43,880
43,869 47,901
6 Related party transactions
OH Assist Limited
Common Directorship
During the year £nil membership fees (2017: £3500) were invoiced to the company. Transactions were concluded under normal market conditions.
Amount due from (to) the related party - -
M.K. Occupational Health Ltd
Common Directorship
During the year £nil membership fees (2017: £1500) were invoiced to the company. Transactions were concluded under normal market conditions.
Amount due from (to) the related party - 1,075
[Provision for doubtful debt due from related party]
[Amounts written off in the period]
Managed Occupational Health Limited
Common Directorship
During the year £3500 membership fees (2017: £3500) and £nil event fees (2017: £260) were invoiced to the company. Transactions were concluded under normal market conditions.
Amount due from (to) the related party - -
[Provision for doubtful debt due from related party]
[Amounts written off in the period]
Medigold Health Consultancy Ltd
Common Directorship
During the year £3500 membership fees (2017: £3500) were invoiced to the company. Transactions were concluded under normal market conditions.
Amount due from (to) the related party - -
[Provision for doubtful debt due from related party]
[Amounts written off in the period]
Caritas Limited
Common Directorship
During the year £750 membership fees (2017: £750) were invoiced to the company. Transactions were concluded under normal market conditions.
Amount due from (to) the related party - -
BHIB Insurance Brokers
Common Directorship
During the year £750 membership fees (2017: £750) and £500 event fees (2017: £nil) were invoiced to the company. Transactions were concluded under normal market conditions.
Amount due from (to) the related party (500) -
7 Directors remuneration
During the year the directors remuneration was £nil (2017: £nil).
8 Ultimate controlling party
The company is under the control of its members.
9 Other information
The Commercial Occupational Health Providers Association Limited is a private company limited by guarantee and incorporated in England and Wales. Its registered number is 05102593. Its registered office is:
St Michaels House
40 Sawmills Road
Diss
Norfolk
IP22 4DA
10 Company Limited by Guarantee
The company is limited by guarantee. Every member of the Association undertakes to contribute such amount as may be required (not exceeding one pound) to the Association's assets if it should be wound up while he is a member or within one year after he ceases to be a member, for payment of the Association's debts and liabilities contracted before he ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories themselves.

If on the winding up or dissolution of the Association, there remains any property whatsoever after the satisfaction of all its debts and liabilities, the surplus shall not be distributed among the members of the Association, but shall be given or transferred to some other body (whether or not it is a member of the Association) having objects similar to those of the Association, or to another body the objects of which are charitable and which shall prohibit the distribution of its or their income and property among its or their members to an extent at least as great as is imposed on the Association, such body or bodies to be determined by the members of the Association at or before the time of dissolution, and if so far as effect cannot be given to such provision, then to some other charitable body.
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