The Emergency Planning Society - Abbreviated accounts
The Emergency Planning Society - Abbreviated accounts
Registered number |
Registered number: | |||||||
Abbreviated Balance Sheet | |||||||
as at |
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Notes | 2013 | 2012 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | ||||||
Investments | 4 | ||||||
Current assets | |||||||
Debtors | |||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | ( |
( |
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Net current assets | |||||||
Net assets | |||||||
Capital and reserves | |||||||
Profit and loss account | |||||||
Shareholders' funds | |||||||
Mr D E Cloake | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Abbreviated Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Consolidation | ||||||||
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act not to prepare group accounts. | ||||||||
Turnover | ||||||||
Depreciation | ||||||||
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. | ||||||||
Equipment | ||||||||
Stocks | ||||||||
Stock is valued at the lower of cost and net realisable value. | ||||||||
Deferred taxation | ||||||||
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. |
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Foreign currencies | ||||||||
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. | ||||||||
Leasing and hire purchase commitments | ||||||||
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
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Pensions | ||||||||
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. | ||||||||
2 | Intangible fixed assets | £ | ||||||
Cost | ||||||||
At 1 January 2013 | ||||||||
At 31 December 2013 | ||||||||
Amortisation | ||||||||
At 1 January 2013 | ||||||||
At 31 December 2013 | ||||||||
Net book value | ||||||||
At 31 December 2013 | - | |||||||
3 | Tangible fixed assets | £ | ||||||
Cost | ||||||||
At 1 January 2013 | ||||||||
Additions | ||||||||
At 31 December 2013 | ||||||||
Depreciation | ||||||||
At 1 January 2013 | ||||||||
Charge for the year | ||||||||
At 31 December 2013 | ||||||||
Net book value | ||||||||
At 31 December 2013 | ||||||||
At 31 December 2012 | ||||||||
4 | Investments | £ | ||||||
Cost | ||||||||
At 1 January 2013 | 100 | |||||||
At 31 December 2013 | 100 | |||||||
The company holds 20% or more of the share capital of the following companies: | ||||||||
Capital and | Profit (loss) | |||||||
Company | Shares held | reserves | for the year | |||||
Class | % | £ | £ | |||||
EPS Training and Events Ltd | Ordinary | 100 | (108,134) | (22,426) |