British Association Of Mountain Guides - Accounts to registrar (filleted)

REGISTERED NUMBER: 03242573 (England and Wales)

British Association Of Mountain Guides

Financial Statements

for the Year Ended 30 June 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

H Burrows-Smith

Mr A N Cain

Mr A M Nelhams

Mr M A Charlton

SECRETARY:

H Burrows-Smith

REGISTERED OFFICE:

Siabod Cottage

Capel Curig

Conwy

LL24 0ES

REGISTERED NUMBER:

03242573 (England and Wales)

AUDITORS:

Salisbury & Company Business Solutions Limited

Statutory Auditors

Chartered Accountants

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

CURRENT ASSETS

Stocks

386

825

Debtors

5

11,409

8,922

Cash at bank

128,418

119,626

140,213

129,373

CREDITORS

Amounts falling due within one year

6

59,903

46,055

NET CURRENT ASSETS

80,310

83,318

TOTAL ASSETS LESS CURRENT
LIABILITIES

80,310

83,318

ACCRUALS AND DEFERRED INCOME

2,823

3,552

NET ASSETS

77,487

79,766

RESERVES

Income and expenditure account

77,487

79,766

77,487

79,766

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 16 December 2019 and were signed on its behalf
by:

Mr A N Cain - Director

1.	STATUTORY INFORMATION

British Association Of Mountain Guides 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.

Incomes

Income comprises the value of the goods and services supplied by the company. Value Added Tax is not

applicable. Subscription income relating to a future accounting period is deferred and carried forward in creditors

as 'Subscriptions paid in advance'.

Intangible assets

Intangible assets will be amortised over an estimated useful life of three years from the date it is brought in to

use.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair

value, net of transaction costs, and are measured subsequently at amortised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2018 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 July 2018

and 30 June 2019

15,000

AMORTISATION

At 1 July 2018

and 30 June 2019

15,000

NET BOOK VALUE

At 30 June 2019

-

At 30 June 2018

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Trade debtors

385

-

Other debtors

11,024

8,922

11,409

8,922

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Trade creditors

12,049

13,667

Other creditors

47,854

32,388

59,903

46,055

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Aled Roberts (Senior Statutory Auditor)

for and on behalf of Salisbury & Company Business Solutions Limited

8.	TRANSACTIONS WITH DIRECTORS

During the year, the following payments were made at market value to the directors in relation for administration

and training services provided to the company:

Director

30.06.19

30.06.18

H Burrows-Smith

900

A Cain

900

A Nelhams

2,500

M Charlton

1,200

2,957

The directors have also paid subscription fees to the company on a normal commercial basis.

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

10.	CONSTITUTION

The company is limited by guarantee and does not have a share capital. Every member of the Association

undertakes to continue such amount as may be required (not exceeding £1) to the assets of the Association if it

should be wound up while he is a member or within one year after he ceased to be a member, for payment of the

Associations debts and liabilities contracted before he ceased to be a member, and of the cost, charges and

expenses of winding up, and for the adjustment of the rights of the contributories among themselves.

British Association Of Mountain Guides - Accounts to registrar (filleted) - small 18.2

British Association Of Mountain Guides - Accounts to registrar (filleted) - small 18.2