Textile Services Association Limited - Limited company - abbreviated - 11.9

Textile Services Association Limited - Limited company - abbreviated - 11.9

TEXTILE SERVICES ASSOCIATION LIMITED - Company Information

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REGISTERED NUMBER: 00169160 (England and Wales)












ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

TEXTILE SERVICES ASSOCIATION LIMITED
COMPANY LIMITED BY GUARANTEE

TEXTILE SERVICES ASSOCIATION LIMITED
COMPANY LIMITED BY GUARANTEE (REGISTERED NUMBER: 00169160)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

TEXTILE SERVICES ASSOCIATION LIMITED
COMPANY LIMITED BY GUARANTEE

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2015







DIRECTORS: J A Carr
I P Kerry
A M M McCrae
D I Stevens
G J Turvill
C E Betteridge
P Egan
S J Fry
M W Jones





SECRETARY: Dr R E Salmon





REGISTERED OFFICE: 3 Queen Square
Bloomsbury
London
WC1N 3AR





REGISTERED NUMBER: 00169160 (England and Wales)





ACCOUNTANTS: Smith-Milne & Co. Limited
23 Church Street
Rickmansworth
Hertfordshire
WD3 1DE
Page 1
TEXTILE SERVICES ASSOCIATION LIMITED
COMPANY LIMITED BY GUARANTEE (REGISTERED NUMBER: 00169160)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

2015 2014
Notes £    £   
FIXED ASSETS
Tangible assets 2 6,748 4,300
Investments 3 769,634 446,507
776,382 450,807

CURRENT ASSETS
Debtors 90,693 285,767
Cash at bank and in hand 352,220 297,086
442,913 582,853
CREDITORS
Amounts falling due within one year (72,456 ) (130,549 )
NET CURRENT ASSETS 370,457 452,304
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,146,839
903,111

RESERVES
Profit and loss account 1,146,839 903,111
1,146,839 903,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 23 March 2016 and were signed on its behalf by:





I P Kerry - Director


The notes form part of these abbreviated accounts

Page 2
TEXTILE SERVICES ASSOCIATION LIMITED
COMPANY LIMITED BY GUARANTEE (REGISTERED NUMBER: 00169160)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a
small company.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 15% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

The pension costs charged in the financial statements represent the contributions payable by the company during
the year in accordance with FRS 17

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 16,480
Additions 5,071
Disposals (5,214 )
At 31 December 2015 16,337
DEPRECIATION
At 1 January 2015 12,180
Charge for year 2,200
Eliminated on disposal (4,791 )
At 31 December 2015 9,589
NET BOOK VALUE
At 31 December 2015 6,748
At 31 December 2014 4,300

Page 3 continued...
TEXTILE SERVICES ASSOCIATION LIMITED
COMPANY LIMITED BY GUARANTEE (REGISTERED NUMBER: 00169160)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2015

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 January 2015 446,507
Additions 424,981
Disposals (101,854 )
At 31 December 2015 769,634
NET BOOK VALUE
At 31 December 2015 769,634
At 31 December 2014 446,507

Page 4