British Association Of Mountain Guides - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03242573 (England and Wales)

British Association Of Mountain Guides

Financial Statements

for the Year Ended 30 June 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T Blakemore

M Doyle

N Johnson

N Kekus

Mr J A Kerr

Mr C J Muskett

Mr R T Cross

SECRETARY:

Mr C J Muskett

REGISTERED OFFICE:

Siabod Cottage

Capel Curig

Conwy

LL24 0ES

REGISTERED NUMBER:

03242573 (England and Wales)

AUDITORS:

Salisbury & Company Business Solutions Limited

Statutory Auditors

Chartered Accountants

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

CURRENT ASSETS

Stocks

265

446

Debtors

5

52,729

40,823

Cash at bank

109,495

96,971

162,489

138,240

CREDITORS

Amounts falling due within one year

6

61,422

37,875

NET CURRENT ASSETS

101,067

100,365

TOTAL ASSETS LESS CURRENT LIABILITIES

101,067

100,365

ACCRUALS AND DEFERRED INCOME

1,312

1,312

NET ASSETS

99,755

99,053

RESERVES

Income and expenditure account

99,755

99,053

99,755

99,053

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2023 and were signed on its behalf by:

Mr R T Cross - Director

1.	STATUTORY INFORMATION

British Association Of Mountain Guides is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Incomes

Income comprises the value of the goods and services supplied by the company. Value Added Tax is not applicable. Subscription income relating to a future accounting period is deferred and carried forward in creditors as 'Subscriptions paid in advance'.

Intangible assets

Intangible assets will be amortised over an estimated useful life of three years from the date it is brought in to use.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 July 2022

and 30 June 2023

15,000

AMORTISATION

At 1 July 2022

and 30 June 2023

15,000

NET BOOK VALUE

At 30 June 2023

-

At 30 June 2022

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

49,726

34,099

Other debtors

3,003

6,724

52,729

40,823

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

5,428

128

Taxation and social security

97

-

Other creditors

55,897

37,747

61,422

37,875

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Aled Roberts (Senior Statutory Auditor)

for and on behalf of Salisbury & Company Business Solutions Limited

8.	TRANSACTIONS WITH DIRECTORS

During the year, the following honoraria were made to directors in recognition of the contribution made in relation to the administration and training services provided to the company:

Director

30.06.23

30.06.22

T Noakes

0

720

S Macdonald

0

720

J Kerr

1,056

0

M Doyle

1,056

960

T Blakemore

2,200

2,000

C Muskett

792

0

R Cross

792

0

Above figures are amounts paid after deduction of PAYE.

The directors have also paid subscription fees to the company on a normal commercial basis.

9.	RELATED PARTY DISCLOSURES

Directors received expenses totalling £1,576.05.

A Director provided services to the company totalling £3,030.65

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

11.	CONSTITUTION

The company is limited by guarantee and does not have a share capital. Every member of the Association undertakes to continue such amount as may be required (not exceeding £1) to the assets of the Association if it should be wound up while he is a member or within one year after he ceased to be a member, for payment of the Associations debts and liabilities contracted before he ceased to be a member, and of the cost, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves.