The Flooring Industry Training Associati - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05025991 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2019

for

The Flooring Industry Training

Association Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J F Butler

A S Gayle

R N Catt

A L Mathe

B J King

B Terrett

M H Yerrell

REGISTERED OFFICE:

Unit 23 Eldon Business Park

Eldon Road

Chilwell

Nottingham

NG9 6DZ

REGISTERED NUMBER:

05025991 (England and Wales)

ACCOUNTANTS:

Fouette Accountancy Solutions Limited

White Rose House

5 Walnut Grove

Cotgrave

Nottingham

NG12 3AU

CURRENT ASSETS

Debtors

4

24,618

31,373

Cash at bank

88,606

149,893

113,224

181,266

CREDITORS

Amounts falling due within one year

5

30,928

28,453

NET CURRENT ASSETS

82,296

152,813

TOTAL ASSETS LESS CURRENT LIABILITIES

82,296

152,813

RESERVES

Other reserves

(8,674

)

(8,674

)

Income and expenditure account

90,970

161,487

82,296

152,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 12 November 2019 and were signed on its behalf by:

A S Gayle - Director

1.	STATUTORY INFORMATION

The Flooring Industry Training Association Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2018

and 31 August 2019

1,811

DEPRECIATION

At 1 September 2018

and 31 August 2019

1,811

NET BOOK VALUE

At 31 August 2019

-

At 31 August 2018

-

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

5,444

11,033

Other debtors

9,849

9,849

VAT

3,190

1,512

Prepayments and accrued income

6,135

8,979

24,618

31,373

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

7,972

12,503

Tax

7

7

Accruals and deferred income

22,949

15,943

30,928

28,453

6.	RELATED PARTY DISCLOSURES

During the year The Contract Flooring Association Limited, a company under common control, billed The

Flooring Industry Training Association £69,855 (2018: £69,003) in expenses. At the year end £7,014

(2018: £6,804) was outstanding.