English Karate Federation Limited
English Karate Federation Limited
Registered number: 06527769
Financial Statements
For the Period 1 April 2018 to 31 December 2018
Astrum Accountants
Maple House
5 The Maples
Cleeve
Bristol
BS49 4FS
English Karate Federation Limited
Financial Statements
For the Period 1 April 2018 to 31 December 2018
Financial Statements
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| Balance Sheet | 1 |
| Notes to the Financial Statements | 2—3 |
English Karate Federation Limited
Balance Sheet
As at
31 December 2018
Balance Sheet
Registered number:
06527769
| 31 December 2018 | 31 March 2018 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
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| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| Income and Expenditure Account |
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| MEMBERS' FUNDS | 71,491 | 94,447 | |||
Directors' responsibilities:
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These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
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The notes on pages 2 to 3 form part of these financial statements.
Page 1
English Karate Federation Limited
Notes to the Financial Statements
For the Period 1 April 2018 to 31 December 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Equipment |
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| Computer Equipment |
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2.
Tangible Assets
| Plant & Equipment | Computer Equipment | Total | |
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| Cost | |||
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| Depreciation | |||
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| Provided during the period |
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| Net Book Value | |||
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Page 2
English Karate Federation Limited
Notes to the Financial Statements (continued)
For the Period 1 April 2018 to 31 December 2018
3.
Debtors
| 31 December 2018 | 31 March 2018 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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4.
Creditors: Amounts Falling Due Within One Year
| 31 December 2018 | 31 March 2018 | ||
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| £ | £ | ||
| Other creditors |
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| Accruals and deferred income |
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5.
Post Balance Sheet Events
There is a claim against English Karate Federation Limited for personal injuries and harm. The claim was made on 13 January 2019.
The company has appointed solicitors to deal with the claim and have allocated £10,000 to cover expected legal fees.
6.
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
7.
FRC Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
8.
Audit Information
The auditors report on the account of English Karate Federation Limited for the period ended 31 December 2018 was unqualified
The auditor's report was signed by
Mark Hunter
(Senior Statutory Auditor)
for and on behalf of
Hunter Accountants
, Statutory Auditor
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3 Kings Court
Little Kings Street
Bristol
BS1 4HW
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9.
General Information
English Karate Federation Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 06527769 . The registered office is Maple House, 5 The Maples, Cleeve, Bristol, BS49 4FS.
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