The Sunbed Association 31/03/2021 iXBRL
The Sunbed Association 31/03/2021 iXBRL
Company registration number:
03082491
Company limited by guarantee
Company limited by guarantee
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Notes to the financial statements
Company limited by guarantee
Directors and other information
Directors |
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Company number |
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Registered office |
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Accountants |
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Unit 2 Beverley Court | ||
26 Elmtree Road | ||
Teddington | ||
Middlesex | ||
TW11 8ST | ||
Company limited by guarantee
Report to the board of directors on the preparation of the
unaudited statutory financial statements of The Sunbed Association
Year ended 31 March 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Sunbed Association for the year ended 31 March 2021 which comprise the abridged statement of financial position and 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://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf.
Chartered Certified Accountants
Unit 2 Beverley Court
26 Elmtree Road
Teddington
Middlesex
TW11 8ST
31 May 2021
Company limited by guarantee
Abridged statement of financial position
31 March 2021
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Intangible assets | 5 |
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Tangible assets | 6 |
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Current assets | |||||||||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves | |||||||||
Profit and loss account |
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Members funds |
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Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
31 May 2021
, and are signed on behalf of the board by:
Director
Company registration number:
03082491
Company limited by guarantee
Notes to the financial statements
Year ended 31 March 2021
1.
General information
The company is a private company limited by guarantee, registered in United Kingdom. The address of the registered office is Unit 2 Beverley Court, 26 Elmtree Road, Teddington, Middlesex, TW11 8ST.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
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 | - |
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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
4.
Limited by guarantee
Company is limited by guarantee and consequently does not have share capital.
5.
Intangible assets
£ | ||
Cost | ||
At 1 April 2020 and 31 March 2021 |
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Amortisation | ||
At 1 April 2020 and 31 March 2021 |
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Carrying amount | ||
At 31 March 2021 |
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At 31 March 2020 |
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6.
Tangible assets
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Cost | ||
At 1 April 2020 and 31 March 2021 |
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Depreciation | ||
At 1 April 2020 |
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Charge for the year |
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At 31 March 2021 |
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Carrying amount | ||
At 31 March 2021 |
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At 31 March 2020 |
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