Association of Child Psychotherapists Limited 31/12/2020 iXBRL

Association of Child Psychotherapists Limited 31/12/2020 iXBRL

ASSOCIATION OF CHILD PSYCHOTHERAPISTS LTD - Company Information

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Company registration number: 09747239
Association of Child Psychotherapists Limited
Company limited by guarantee
Unaudited filleted financial statements
31 December 2020
Association of Child Psychotherapists Limited
Company limited by guarantee
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Association of Child Psychotherapists Limited
Company limited by guarantee
Directors and other information
Directors S E Gilmour
K Robertson
M A Bradley
F Calvocoressi
J B Kaushal (Appointed 1 February 2020)
K S Hinchliff (Appointed 15 May 2020)
A Iqbal (Appointed 15 May 2020)
B N Waring (Appointed 15 May 2020)
C Hopkins (Appointed 21 July 2020)
M P Wood (Appointed 21 July 2020)
J V Elfer (Appointed 7 May 2021)
O O A Afuape (Appointed 15 May 2021)
A J Huges (Resigned 20 March 2020)
L Kalbreier (Appointed 1 Janaury 2021) (Resigned 12 February 2021)
P R McGill (Resigned 1 February 2020)
J G Phorson (Resigned 31 December 2020)
I C Pick (Resigned 31 December 2020)
J Shaw (Resigned 1 February 2020)
M J Walker (Resigned 27 November 2020)
E C Whitlock (Appointed 15 May 2020) (Resigned 1 May 2021)
Company number 09747239
Registered office Can Mezzanine
7-14 Great Dover Street
London
SE1 4YR
Accountants Redford & Co Limited
Chartered Accountants
First Floor
64 Baker Street
London
W1U 7GB
Association of Child Psychotherapists Limited
Company limited by guarantee
Statement of financial position
31 December 2020
2020 2019
Note £ £ £ £
Fixed assets
Tangible assets 6 2,676 3,568
_______ _______
2,676 3,568
Current assets
Debtors 7 20,029 23,339
Cash at bank and in hand 806,543 712,824
_______ _______
826,572 736,163
Creditors: amounts falling due
within one year 8 ( 152,496) ( 107,762)
_______ _______
Net current assets 674,076 628,401
_______ _______
Total assets less current liabilities 676,752 631,969
_______ _______
Net assets 676,752 631,969
_______ _______
Capital and reserves
Profit and loss account 676,752 631,969
_______ _______
Members funds 676,752 631,969
_______ _______
For the year ending 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:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 04 June 2021 , and are signed on behalf of the board by:
K Robertson C Hopkins
Director Director
Company registration number: 09747239
Association of Child Psychotherapists Limited
Company limited by guarantee
Notes to the financial statements
Year ended 31 December 2020
1. General information
The company is a private company limited by guarantee, registered in England. The address of the registered office is Can Mezzanine, 7-14 Great Dover Street, London, SE1 4YR.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.
Turnover
Turnover represents subscription income payable by members during the year. This also includes journal royalties and conference income.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Limited by guarantee
The company is limited by guarantee. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 17 (2019: 12 ).
6. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 January 2020 and 31 December 2020 6,560 6,560
_______ _______
Depreciation
At 1 January 2020 2,992 2,992
Charge for the year 892 892
_______ _______
At 31 December 2020 3,884 3,884
_______ _______
Carrying amount
At 31 December 2020 2,676 2,676
_______ _______
At 31 December 2019 3,568 3,568
_______ _______
7. Debtors
2020 2019
£ £
Trade debtors 7,297 7,547
Other debtors 12,732 15,792
_______ _______
20,029 23,339
_______ _______
8. Creditors: amounts falling due within one year
2020 2019
£ £
Corporation tax 149 -
Other creditors 152,347 107,762
_______ _______
152,496 107,762
_______ _______