Ethnic Minority Resource Centre - Accounts

Ethnic Minority Resource Centre - Accounts

ETHNIC MINORITY RESOURCE CENTRE - Company Information

Print Friendly Version

2020-01-01 2020-12-31 false Capium Accounts Production 1.1 SC439420 bus:AbridgedAccounts 2020-01-01 2020-12-31 SC439420 bus:FRS102 2020-01-01 2020-12-31 SC439420 bus:AuditExemptWithAccountantsReport 2020-01-01 2020-12-31 SC439420 bus:SmallCompaniesRegimeForAccounts 2020-01-01 2020-12-31 SC439420 bus:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31 SC439420 2020-01-01 2020-12-31 SC439420 2020-12-31 SC439420 bus:RegisteredOffice 2020-01-01 2020-12-31 SC439420 core:WithinOneYear 2020-12-31 SC439420 core:AfterOneYear 2020-12-31 SC439420 bus:Director1 2020-01-01 2020-12-31 SC439420 bus:Director1 2020-12-31 SC439420 bus:Director1 2019-01-01 2019-12-31 SC439420 bus:Director2 2020-01-01 2020-12-31 SC439420 bus:Director2 2020-12-31 SC439420 bus:Director2 2019-01-01 2019-12-31 SC439420 bus:Director3 2020-01-01 2020-12-31 SC439420 bus:Director3 2020-12-31 SC439420 bus:Director3 2019-01-01 2019-12-31 SC439420 bus:Director4 2020-01-01 2020-12-31 SC439420 bus:Director4 2020-12-31 SC439420 bus:Director4 2019-01-01 2019-12-31 SC439420 bus:Director5 2020-01-01 2020-12-31 SC439420 bus:Director5 2020-12-31 SC439420 bus:Director5 2019-01-01 2019-12-31 SC439420 bus:Director6 2020-01-01 2020-12-31 SC439420 bus:Director6 2020-12-31 SC439420 bus:Director6 2019-01-01 2019-12-31 SC439420 2019-01-01 SC439420 bus:CompanySecretary1 2020-01-01 2020-12-31 SC439420 2019-01-01 2019-12-31 SC439420 2019-12-31 SC439420 core:WithinOneYear 2019-12-31 SC439420 core:AfterOneYear 2019-12-31 SC439420 bus:EntityAccountantsOrAuditors 2019-01-01 2019-12-31 SC439420 core:FurnitureFittings 2020-01-01 2020-12-31 SC439420 core:FurnitureFittings 2020-12-31 SC439420 core:FurnitureFittings 2019-12-31 SC439420 core:ComputerEquipment 2020-01-01 2020-12-31 SC439420 core:ComputerEquipment 2020-12-31 SC439420 core:ComputerEquipment 2019-12-31 SC439420 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2020-12-31 SC439420 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2019-12-31 SC439420 core:CostValuation core:Non-currentFinancialInstruments 2020-12-31 SC439420 core:CostValuation core:Non-currentFinancialInstruments 2019-12-31 SC439420 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2020-12-31 SC439420 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2020-12-31 SC439420 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2020-12-31 SC439420 core:Non-currentFinancialInstruments 2020-12-31 SC439420 core:Non-currentFinancialInstruments 2019-12-31 SC439420 core:RetainedEarningsAccumulatedLosses 2020-12-31 SC439420 core:RetainedEarningsAccumulatedLosses 2019-12-31 SC439420 dpl:Item1 2020-01-01 SC439420 dpl:Item1 2020-12-31 SC439420 dpl:Item1 2019-01-01 SC439420 dpl:Item1 2019-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: SC439420
Scotland

 

 

 

ETHNIC MINORITY RESOURCE CENTRE


Abridged Accounts
 


Period of accounts

Start date: 01 January 2020

End date: 31 December 2020

Ethnic Minority Resource Centre
Contents Page
For the year ended 31 December 2020
Report to the directors on the preparation of the unaudited statutory accounts of Ethnic Minority Resource Centre for the year ended 31 December 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ethnic Minority Resource Centre for the year ended 31 December 2020 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Ethnic Minority Resource Centre, as a body, in accordance with the terms of our engagement letter dated 02 November 2021 Our work has been undertaken solely to prepare for your approval the accounts of Ethnic Minority Resource Centre and state those matters that we have agreed to state to the Board of Directors of Ethnic Minority Resource Centre, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ethnic Minority Resource Centre and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Ethnic Minority Resource Centre has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ethnic Minority Resource Centre. You consider that Ethnic Minority Resource Centre is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Ethnic Minority Resource Centre. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 December 2020



....................................................
Business Wisdom Centre Ltd
Suite 4.6, 4th Floor
Standard Building
94 Hope Street
Glasgow
G2 6PH
02 November 2021
1
 
 		 Notes
 		 2020
£		   2019
£
Fixed assets      
Tangible fixed assets 648    782 
648    782 
Current assets      
Debtors: amounts falling due within one year 2,983    2,983 
Cash at bank and in hand 7,497    3,546 
10,480    6,529 
Creditors: amount falling due within one year (1,893)   (1,893)
Net current assets 8,587    4,636 
 
Total assets less current liabilities 9,235    5,418 
Creditors: amount falling due after more than one year (5,000)   0 
Net assets 4,235    5,418 
 

Capital and reserves 		     
Profit and loss account 4,235    5,418 
Members' funds 4,235    5,418 
 


For the year ended 31 December 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 02 November 2021 and were signed on its behalf by:


--------------------------------
Peter Amos Sama
Director
2
General Information
Ethnic Minority Resource Centre is a private company, limited by guarantee, registered in Scotland, registration number SC439420, registration address Suite 4.6, 4th Floor, 94 Hope Street, Glasgow, Glasgow, G2 6PH

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 10% Reducing Balance
Computer Equipment 20% Reducing Balance
2.

Average number of employees

There was no employee during the period under review
Average number of employees during the year was 0 (2019 : 0).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 January 2020 590    2,391    2,981 
Additions -    -    - 
Disposals -    -    - 
At 31 December 2020 590    2,391    2,981 
Depreciation
At 01 January 2020 333    1,866    2,199 
Charge for year 29    105    134 
On disposals -    -    - 
At 31 December 2020 362    1,971    2,333 
Net book values
Closing balance as at 31 December 2020 228    420    648 
Opening balance as at 01 January 2020 257    525    782 


3