Graded Qualifications Alliance - Limited company - abbreviated - 11.6
Graded Qualifications Alliance - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended |
| 31 March 2015 |
| for |
| Graded Qualifications Alliance |
| Graded Qualifications Alliance (Registered number: 04981850) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 March 2015 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Abbreviated Balance Sheet | 3 |
| Notes to the Abbreviated Accounts | 5 |
| Graded Qualifications Alliance |
| Company Information |
| for the Year Ended 31 March 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Graded Qualifications Alliance |
| The following reproduces the text of the report prepared for the directors in respect of the company's |
| annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on |
| pages three to six) have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your |
| approval the financial statements of Graded Qualifications Alliance for the year ended 31 March 2015 |
| which comprise the Income and Expenditure Account, the Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Graded Qualifications Alliance, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Graded Qualifications Alliance and state those matters that we have agreed to state to the Board of Directors of Graded Qualifications Alliance, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Graded Qualifications Alliance has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Graded Qualifications Alliance. You consider that Graded Qualifications Alliance 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 financial statements of Graded |
| Qualifications Alliance. 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 financial statements. |
| Chartered Accountants |
| 26 August 2015 |
| Graded Qualifications Alliance (Registered number: 04981850) |
| Abbreviated Balance Sheet |
| 31 March 2015 |
| 31.3.15 | 31.3.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| RESERVES |
| Income and expenditure account |
| 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. |
| Graded Qualifications Alliance (Registered number: 04981850) |
| Abbreviated Balance Sheet - continued |
| 31 March 2015 |
| The financial statements were approved by the Board of Directors on its behalf by: |
| Graded Qualifications Alliance (Registered number: 04981850) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 March 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance |
| with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Trade mark |
| Intangible fixed assets relate to legal costs incurred in the registration of the company's trade mark. |
| Amortisation is provided at 10% per annum to write off the asset over its economic useful life. |
| Tangible fixed assets |
| Plant and machinery | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
| at the balance sheet date. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2014 |
| and 31 March 2015 |
| AMORTISATION |
| At 1 April 2014 |
| Amortisation for year |
| At 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| Graded Qualifications Alliance (Registered number: 04981850) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2014 |
| and 31 March 2015 |
| DEPRECIATION |
| At 1 April 2014 |
| Charge for year |
| At 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| 4. | SHARE CAPITAL |
| The company is a company limited by guarantee having no share capital. In the event of the |
| company being wound up, the liability in respect of the guarantee is limited to £1 per member of |
| the company. |