ACCOUNTS - Final Accounts

BRITISH-KAZAKH SOCIETY - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-07-312022-07-31false1falsetrue2021-08-01No description of principal activity1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04622734 2021-08-01 2022-07-31 04622734 2020-08-01 2021-07-31 04622734 2022-07-31 04622734 2021-07-31 04622734 c:Director6 2021-08-01 2022-07-31 04622734 d:CurrentFinancialInstruments 2022-07-31 04622734 d:CurrentFinancialInstruments 2021-07-31 04622734 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 04622734 d:CurrentFinancialInstruments d:WithinOneYear 2021-07-31 04622734 d:RetainedEarningsAccumulatedLosses 2022-07-31 04622734 d:RetainedEarningsAccumulatedLosses 2021-07-31 04622734 c:FRS102 2021-08-01 2022-07-31 04622734 c:AuditExempt-NoAccountantsReport 2021-08-01 2022-07-31 04622734 c:FullAccounts 2021-08-01 2022-07-31 04622734 c:CompanyLimitedByGuarantee 2021-08-01 2022-07-31 04622734 2 2021-08-01 2022-07-31 iso4217:GBP xbrli:pure

Registered number: 04622734

BRITISH-KAZAKH SOCIETY

(A company limited by guarantee)

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2022

BRITISH-KAZAKH SOCIETY

(A company limited by guarantee)

REGISTERED NUMBER: 04622734

BALANCE SHEET

AS AT 31 JULY 2022

		2022		2021
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	1,504		1,818
Cash at bank and in hand	5	22,337		15,271
		23,841		17,089
Creditors: amounts falling due within one year	6	(8,539)		(6,658)
Net current assets			15,302		10,431
Total assets less current liabilities			15,302		10,431

Net assets			15,302		10,431

Capital and reserves
Profit and loss account	15,302	10,431
	15,302	10,431

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 January 2023.

R Holland

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

BRITISH-KAZAKH SOCIETY

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

1.	General information

Britsh-Kazakh Society is a private Company limited by guarantee and registered in England & Wales. The Company's registered office is Trinity House, 3 Bullace Lane, Dartford, Kent DA1 1BB.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 2

BRITISH-KAZAKH SOCIETY

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

2.Accounting policies (continued)

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees during the year was 1 (2021 - 1).

Page 3

BRITISH-KAZAKH SOCIETY

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

Debtors

					2022	2021
					£	£


Other debtors	1,504	1,818

5.	Cash and cash equivalents
		2022	2021
		£	£

	Cash at bank and in hand	22,337	15,271

6.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Corporation tax	159	159
Other taxation and social security	5	376
Other creditors	5,693	4,783
Accruals and deferred income	2,682	1,340
	8,539	6,658


7.	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

8.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £Nil (2021 - £140) . Contributions totalling £Nil (2021 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

9.	Commitments under operating leases

The Company had no commitments under non-cancellable operating leases at the balance sheet date.

Page 4