British Association Of Mountain Guides - Accounts to registrar (filleted) - small 18.2

British Association Of Mountain Guides - Accounts to registrar (filleted) - small 18.2

BRITISH ASSOCIATION OF MOUNTAIN GUIDES - Company Information

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REGISTERED NUMBER: 03242573 (England and Wales)










British Association Of Mountain Guides

Financial Statements

for the Year Ended 30 June 2021





British Association Of Mountain Guides (Registered number: 03242573)






Contents of the Financial Statements
for the year ended 30 June 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


British Association Of Mountain Guides

Company Information
for the year ended 30 June 2021







DIRECTORS: T M Noakes
Mr S A Macdonald
T Blakemore
M Doyle
N Shepherd
N Johnson
N Kekus





SECRETARY: Mr S A Macdonald





REGISTERED OFFICE: Siabod Cottage
Capel Curig
Conwy
LL24 0ES





REGISTERED NUMBER: 03242573 (England and Wales)





AUDITORS: Salisbury & Company Business Solutions Limited
Statutory Auditors
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN
Page 1
British Association Of Mountain Guides (Registered number: 03242573)

Balance Sheet
30 June 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Stocks 450 438
Debtors 5 13,782 6,013
Cash at bank 112,773 119,778
127,005 126,229
CREDITORS
Amounts falling due within one year 6 32,473 41,143
NET CURRENT ASSETS 94,532 85,086
TOTAL ASSETS LESS CURRENT LIABILITIES 94,532 85,086

ACCRUALS AND DEFERRED INCOME 1,587 1,587
NET ASSETS 92,945 83,499

RESERVES
Income and expenditure account 92,945 83,499
92,945 83,499

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 28 December 2021 and were signed on its behalf by:





T M Noakes - Director


The notes form part of these financial statements

Page 2
British Association Of Mountain Guides (Registered number: 03242573)

Notes to the Financial Statements
for the year ended 30 June 2021

1. STATUTORY INFORMATION

British Association Of Mountain Guides 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.

Incomes
Income comprises the value of the goods and services supplied by the company. Value Added Tax is not applicable. Subscription income relating to a future accounting period is deferred and carried forward in creditors as 'Subscriptions paid in advance'.

Intangible assets
Intangible assets will be amortised over an estimated useful life of three years from the date it is brought in to use.

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2020 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2020
and 30 June 2021 15,000
AMORTISATION
At 1 July 2020
and 30 June 2021 15,000
NET BOOK VALUE
At 30 June 2021 -
At 30 June 2020 -

Page 3 continued...
British Association Of Mountain Guides (Registered number: 03242573)

Notes to the Financial Statements - continued
for the year ended 30 June 2021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 10,547 -
Other debtors 3,235 6,013
13,782 6,013

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 4,573 2,463
Taxation and social security - 25
Other creditors 27,900 38,655
32,473 41,143

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Aled Roberts (Senior Statutory Auditor)
for and on behalf of Salisbury & Company Business Solutions Limited

8. TRANSACTIONS WITH DIRECTORS

During the year, the following honoraria were made to directors in recognition of the contribution made in relation to the administration and training services provided to the company:

Director

30.06.2130.06.20
T Noakes 720720
S Macdonald 720720
N Shepherd960-
M Doyle 960-
T Blakemore2,000-

Above figures are amounts paid after deduction of PAYE.

The directors have also paid subscription fees to the company on a normal commercial basis.

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

10. CONSTITUTION

The company is limited by guarantee and does not have a share capital. Every member of the Association undertakes to continue such amount as may be required (not exceeding £1) to the assets of the Association if it should be wound up while he is a member or within one year after he ceased to be a member, for payment of the Associations debts and liabilities contracted before he ceased to be a member, and of the cost, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves.

Page 4