Visual Language Professionals Ltd - Period Ending 2020-02-28
Visual Language Professionals Ltd - Period Ending 2020-02-28
Registration number:
Visual Language Professionals Ltd
(A company limited by guarantee)
for the Period from 18 February 2019 to 28 February 2020
Association of Chartered Certified Accountants
Thames House
Bourne End Business Park
Cores End Road
Bourne End
Buckinghamshire
SL8 5AS
Visual Language Professionals Ltd
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Visual Language Professionals Ltd
Company Information
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Directors |
Mrs VD Cherrington-Webber Mr G Morgan Ms JM Heyworth Mr CD Walton-Ashmore Mrs A Walpole Mr P Salkeld |
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Registered office |
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Accountants |
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Page 1 |
Visual Language Professionals Ltd
(Registration number: 11830939)
Balance Sheet as at 28 February 2020
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Note |
2020 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Other reserves |
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Profit and loss account |
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Total equity |
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For the financial period ending 28 February 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Director
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Director
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Page 2 |
Visual Language Professionals Ltd
Notes to the Financial Statements for the Period from 18 February 2019 to 28 February 2020
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General information |
The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
The address of its registered office is:
United Kingdom
The principal place of business is:
Lower Mill Shaw Barn Sheffield Road
Hepworth
Holmfirth
HD9 7TP
United Kingdom
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for membership fees and conference ticket sales. Turnover is shown net of sales/value added tax, returns, rebates and discounts.The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand.
Trade debtors
Trade debtors are amounts due from customers for membership fees and conferences performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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Visual Language Professionals Ltd
Notes to the Financial Statements for the Period from 18 February 2019 to 28 February 2020
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
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Debtors |
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2020 |
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Prepayments |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2020 |
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Due within one year |
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Accruals and deferred income |
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Other creditors |
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Page 4 |