The Commercial Occupational Health Providers Association Limited - Filleted accounts
The Commercial Occupational Health Providers Association Limited - Filleted accounts
Registered number |
Company Limited by Guarantee |
Registered number: | |||||||
Statement of Financial Position | |||||||
as at |
|||||||
Notes | 2019 | 2018 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | ||||||
Current assets | |||||||
Debtors | 4 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 5 | ( |
( |
||||
Net current assets | |||||||
Net assets | |||||||
Reserves | |||||||
Income and expenditure account | |||||||
Reserves | |||||||
Mr T Grant | |||||||
Director | |||||||
Approved by the board on |
|||||||
Notes to the Accounts | ||||||||
for the year ended |
||||||||
1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Going Concern | ||||||||
The directors believe the company has adequate resources and is well placed to manage its business risks successfully. Therefore the directors continue to adopt the going concern basis of accounting and preparing the annual financial statements. |
||||||||
Income recognition | ||||||||
- joining fees are accounted for in the period that the member joins the association - membership fees are accounted for over the period covered by the subscription - events fees are accounted for in the period that the event takes place - investment income is accounted for over the period in which it is earned Deferred income Member subscriptions are payable in respect of a rolling 12 month period and are credited to income over the period to which they relate. The balance of this income that falls into the following year at the year end is shown as deferred income. |
||||||||
Tangible fixed assets | ||||||||
depreciation and any accumulative impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life. The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals determined by comparing the proceeds with the carrying amount and are recognised in the income statement. Depreciation is provided as follows: |
||||||||
Plant and machinery | 25% straight line | |||||||
Debtors | ||||||||
doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
||||||||
Cash and cash equivalents | ||||||||
Cash is represented by cash in hand and deposits held with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
||||||||
Creditors | ||||||||
initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
||||||||
Taxation | ||||||||
Deferred tax is recognised in respect of all timing differences between the recognition of investment income in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax liabilities are not discounted. |
||||||||
Provisions | ||||||||
Foreign currency translation | ||||||||
Pensions | ||||||||
2 | Employees | 2019 | 2018 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Tangible fixed assets | |||||||
Plant and machinery etc | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 January 2019 | ||||||||
Additions | ||||||||
Disposals | ( |
|||||||
At 31 December 2019 | ||||||||
Depreciation | ||||||||
At 1 January 2019 | ||||||||
Charge for the year | ||||||||
On disposals | ( |
|||||||
At 31 December 2019 | ||||||||
Net book value | ||||||||
At 31 December 2019 | ||||||||
At 31 December 2018 | ||||||||
4 | Debtors | 2019 | 2018 | |||||
£ | £ | |||||||
Trade debtors | ||||||||
Other debtors | ||||||||
5 | Creditors: amounts falling due within one year | 2019 | 2018 | |||||
£ | £ | |||||||
Trade creditors | ||||||||
Taxation and social security costs | ||||||||
Other creditors | ||||||||
6 | Related party transactions | |||||||
Managed Occupational Health Limited | ||||||||
Common Directorship | ||||||||
During the year £3500 membership fees (2018: £3500) were invoiced to the company. Transactions were concluded under normal market conditions. | ||||||||
Amount due from (to) the related party | - | - | ||||||
Caritas Limited | ||||||||
Common Directorship | ||||||||
During the year £750 membership fees (2018: £750) were invoiced to the company. Transactions were concluded under normal market conditions. | ||||||||
Amount due from (to) the related party | - | - | ||||||
BHIB Insurance Brokers | ||||||||
Common Directorship | ||||||||
During the year £750 membership fees (2018: £750) and £nil event fees (2018: £500) were invoiced to the company. Transactions were concluded under normal market conditions. | ||||||||
During the year £448 insurance costs (2018: £571) were invoiced by the company. Transactions were concluded under normal market conditions. | ||||||||
Amount due from (to) the related party | - | (500) | ||||||
7 | Directors remuneration | |||||||
During the year the directors remuneration was £nil (2018: £nil). | ||||||||
8 | Ultimate controlling party | |||||||
9 | Other information | |||||||
The Commercial Occupational Health Providers Association Limited is a private company limited by guarantee and incorporated in England. Its registered office is: | ||||||||
St Michaels House | ||||||||
40 Sawmills Road | ||||||||
Diss | ||||||||
Norfolk | ||||||||
IP22 4DA | ||||||||
10 | Company limited by guarantee | |||||||
The company is limited by guarantee. Every member of the Association undertakes to contribute such amount as may be required (not exceeding one pound) to the Association's assets if it should be wound up while he is a member or within one year after he ceases to be a member, for payment of the Association's debts and liabilities contracted before he ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories themselves. If on the winding up or dissolution of the Association, there remains any property whatsoever after the satisfaction of all its debts and liabilities, the surplus shall not be distributed among the members of the Association, but shall be given or transferred to some other body (whether or not it is a member of the Association) having objects similar to those of the Association, or to another body the objects of which are charitable and which shall prohibit the distribution of its or their income and property among its or their members to an extent at least as great as is imposed on the Association, such body or bodies to be determined by the members of the Association at or before the time of dissolution, and if so far as effect cannot be given to such provision, then to some other charitable body. |