The Humber Cruising Association Limited 30/09/2019 iXBRL

The Humber Cruising Association Limited 30/09/2019 iXBRL

THE HUMBER CRUISING ASSOCIATION LIMITED - Company Information

Print Friendly Version

30/09/2019 2019-09-30 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2018-10-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 02911614 2018-10-01 2019-09-30 02911614 2019-09-30 02911614 2018-09-30 02911614 2017-10-01 2018-09-30 02911614 2018-09-30 02911614 core:FurnitureFittingsToolsEquipment 2018-10-01 2019-09-30 02911614 bus:Director1 2018-10-01 2019-09-30 02911614 core:LandBuildings core:ShortLeaseholdAssets 2018-09-30 02911614 core:PlantMachinery 2018-09-30 02911614 core:FurnitureFittingsToolsEquipment 2018-09-30 02911614 core:LandBuildings core:ShortLeaseholdAssets 2019-09-30 02911614 core:PlantMachinery 2019-09-30 02911614 core:FurnitureFittingsToolsEquipment 2019-09-30 02911614 core:WithinOneYear 2019-09-30 02911614 core:WithinOneYear 2018-09-30 02911614 core:AfterOneYear 2019-09-30 02911614 core:AfterOneYear 2018-09-30 02911614 core:RetainedEarningsAccumulatedLosses 2019-09-30 02911614 core:RetainedEarningsAccumulatedLosses 2018-09-30 02911614 core:LandBuildings core:ShortLeaseholdAssets 2018-10-01 2019-09-30 02911614 core:PlantMachinery 2018-10-01 2019-09-30 02911614 core:CostValuation core:Non-currentFinancialInstruments 2019-09-30 02911614 core:Non-currentFinancialInstruments 2019-09-30 02911614 core:Non-currentFinancialInstruments 2018-09-30 02911614 core:LandBuildings core:ShortLeaseholdAssets 2018-09-30 02911614 core:PlantMachinery 2018-09-30 02911614 core:FurnitureFittingsToolsEquipment 2018-09-30 02911614 bus:SmallEntities 2018-10-01 2019-09-30 02911614 bus:AuditExempt-NoAccountantsReport 2018-10-01 2019-09-30 02911614 bus:FullAccounts 2018-10-01 2019-09-30 02911614 bus:SmallCompaniesRegimeForAccounts 2018-10-01 2019-09-30 02911614 bus:CompanyLimitedByGuarantee 2018-10-01 2019-09-30
Company registration number: 02911614
The Humber Cruising Association Limited
Company limited by guarantee
Unaudited filleted financial statements
30 September 2019
The Humber Cruising Association Limited
Company limited by guarantee
Contents
Statement of financial position
Notes to the financial statements
The Humber Cruising Association Limited
Company limited by guarantee
Statement of financial position
30 September 2019
2019 2018
Note £ £ £ £
Fixed assets
Tangible assets 6 282,489 275,032
Investments 7 2 2
_______ _______
282,491 275,034
Current assets
Stocks - 50
Debtors 8 104,861 89,973
Cash at bank and in hand 729,224 758,059
_______ _______
834,085 848,082
Creditors: amounts falling due
within one year 9 ( 587,555) ( 566,230)
_______ _______
Net current assets 246,530 281,852
_______ _______
Total assets less current liabilities 529,021 556,886
Creditors: amounts falling due
after more than one year 10 ( 52,000) ( 62,000)
_______ _______
Net assets 477,021 494,886
_______ _______
Capital and reserves
Profit and loss account 477,021 494,886
_______ _______
Members funds 477,021 494,886
_______ _______
For the year ending 30 September 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 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.
These financial statements were approved by the board of directors and authorised for issue on 20 January 2020 , and are signed on behalf of the board by:
Mr Anthony Silvester Mr William Wright
Director Director
Company registration number: 02911614
The Humber Cruising Association Limited
Company limited by guarantee
Notes to the financial statements
Year ended 30 September 2019
1. General information
The company is a private company limited by guarantee, registered in England & Wales. The address of the registered office is The Humber Cruising Association Limited, Meridian Quay, Fish Docks, Grimsby, North East Lincolnshire, DN31 3SD.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents the total invoice value, excluding Value Added Tax, of sales made during the year. Approximately fifty percent of the income derives from membership fees.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
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:
Plant and machinery - 25% Reducing balance & 25% Straight line
Fittings fixtures and equipment - 4 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Limited by guarantee
The company is limited by guarantee and therefore has no share capital.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2018: 6 ).
6. Tangible assets
Short leasehold property Plant and machinery Fixtures, fittings and equipment Total
£ £ £ £
Cost
At 1 October 2018 82,507 203,537 707,348 993,392
Additions 40,266 4,529 - 44,795
_______ _______ _______ _______
At 30 September 2019 122,773 208,066 707,348 1,038,187
_______ _______ _______ _______
Depreciation
At 1 October 2018 67,840 191,442 459,078 718,360
Charge for the year 5,456 3,588 28,294 37,338
_______ _______ _______ _______
At 30 September 2019 73,296 195,030 487,372 755,698
_______ _______ _______ _______
Carrying amount
At 30 September 2019 49,477 13,036 219,976 282,489
_______ _______ _______ _______
At 30 September 2018 14,667 12,095 248,270 275,032
_______ _______ _______ _______
7. Investments
Other investments other than loans Total
£ £
Cost
At 1 October 2018 and 30 September 2019 2 2
_______ _______
Impairment
At 1 October 2018 and 30 September 2019 - -
_______ _______
Carrying amount
At 30 September 2019 2 2
_______ _______
At 30 September 2018 2 2
_______ _______
8. Debtors
2019 2018
£ £
Trade debtors 14,081 21,004
Intercompany loan 40,846 27,102
Other debtors 49,934 41,867
_______ _______
104,861 89,973
_______ _______
9. Creditors: amounts falling due within one year
2019 2018
£ £
Trade creditors 5,211 4,673
Social security and other taxes 5,204 -
Other creditors 577,140 561,557
_______ _______
587,555 566,230
_______ _______
10. Creditors: amounts falling due after more than one year
2019 2018
£ £
Other creditors 52,000 62,000
_______ _______