Amateur Martial Association Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08292652 (England and Wales)

Amateur Martial Association Limited

Unaudited Financial Statements for the Year Ended 31 March 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr P B Allen

Ms C Pullan

Mr S Stavridis

REGISTERED OFFICE:

Chichester House

Chichester Street

Rochdale

Lancashire

OL16 2AX

REGISTERED NUMBER:

08292652 (England and Wales)

FIXED ASSETS

Tangible assets

4

512

603

CURRENT ASSETS

Stocks

5

5,175

5,175

Cash at bank

72,380

67,123

77,555

72,298

CREDITORS

Amounts falling due within one year

6

12,943

7,998

NET CURRENT ASSETS

64,612

64,300

TOTAL ASSETS LESS CURRENT LIABILITIES

65,124

64,903

RESERVES

Income and expenditure account

7

65,124

64,903

65,124

64,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 and authorised for issue on 4 August 2022 and were signed on its behalf by:

Mr P B Allen - Director

1.	STATUTORY INFORMATION

Amateur Martial 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.

Plant and machinery

-

15% on reducing balance

Government grants

Government grants claimed in the year in relation to Covid 19 were as follows;

CJRS £10,688.46

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2021

and 31 March 2022

2,766

DEPRECIATION

At 1 April 2021

2,163

Charge for year

91

At 31 March 2022

2,254

NET BOOK VALUE

At 31 March 2022

512

At 31 March 2021

603

5.

STOCKS

31.3.22

31.3.21

£

£

Stocks

5,175

5,175

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

10,335

210

Social security and other taxes

721

-

Nest Pension Creditor

267

197

Accrued expenses

1,620

7,591

12,943

7,998

7.

RESERVES

Income

and

expenditure

account

£

At 1 April 2021

64,903

Surplus for the year

221

At 31 March 2022

65,124