Graded Qualifications Alliance - Abbreviated accounts 16.1

Graded Qualifications Alliance - Abbreviated accounts 16.1

GRADED QUALIFICATIONS ALLIANCE - Company Information

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REGISTERED NUMBER: 04981850 (England and Wales)















Abbreviated Unaudited Accounts

for the Year Ended

31 March 2016

for

Graded Qualifications Alliance

Graded Qualifications Alliance (Registered number: 04981850)

Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016










Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 5

Graded Qualifications Alliance

Company Information
for the Year Ended 31 March 2016







DIRECTORS: Mrs K R Everest
B F Fallon
I J James
Mrs A Oliver
Ms L A Seddon





SECRETARY: Mrs H Mence





REGISTERED OFFICE: International Arts Centre
Garden Street
Leicester
Leicestershire
LE1 3UA





REGISTERED NUMBER: 04981850 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP
Page 1
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Graded Qualifications Alliance


The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on
pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your
approval the financial statements of Graded Qualifications Alliance for the year ended 31 March 2016
which comprise the Income and Expenditure Account, the Balance Sheet and the related notes from the
company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Graded Qualifications Alliance, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Graded Qualifications Alliance and state those matters that we have agreed to state to the Board of Directors of Graded Qualifications Alliance, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Graded Qualifications Alliance has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Graded Qualifications Alliance. You consider that Graded Qualifications Alliance is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Graded Qualifications Alliance. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


8 September 2016

This page does not form part of the abbreviated accounts

Page 2
Graded Qualifications Alliance (Registered number: 04981850)

Abbreviated Balance Sheet
31 March 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 4,000 5,000
Tangible assets 3 7,321 5,001
11,321 10,001

CURRENT ASSETS
Stocks 2,751 4,111
Debtors 13,925 6,230
Cash at bank 15,673 36,672
32,349 47,013
CREDITORS
Amounts falling due within one year 12,366 24,041
NET CURRENT ASSETS 19,983 22,972
TOTAL ASSETS LESS CURRENT
LIABILITIES
31,304
32,973

PROVISIONS FOR LIABILITIES 1,464 1,000
NET ASSETS 29,840 31,973

RESERVES
Income and expenditure account 29,840 31,973
29,840 31,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 surplus or deficit 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 notes form part of these abbreviated accounts

Page 3 continued...
Graded Qualifications Alliance (Registered number: 04981850)

Abbreviated Balance Sheet - continued
31 March 2016


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 8 September 2016 and were signed
on its behalf by:





Mrs A Oliver - Director


The notes form part of these abbreviated accounts

Page 4
Graded Qualifications Alliance (Registered number: 04981850)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016


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 January 2015).

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

Trade mark
Intangible fixed assets relate to legal costs incurred in the registration of the company's trade mark.
Amortisation is provided at 10% per annum to write off the asset over its economic useful life.

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 - 25% on cost
Computer equipment - 20% on cost

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed
at the balance sheet date where transactions or events have occurred at that date that will result in
an obligation to pay more, or a right to pay less or to receive more tax with the following
exceptions:

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.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in
the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.

Page 5 continued...
Graded Qualifications Alliance (Registered number: 04981850)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016


2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 10,000
AMORTISATION
At 1 April 2015 5,000
Amortisation for year 1,000
At 31 March 2016 6,000
NET BOOK VALUE

At 31 March 2016 4,000
At 31 March 2015 5,000

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 11,193
Additions 5,400
At 31 March 2016 16,593
DEPRECIATION
At 1 April 2015 6,192
Charge for year 3,080
At 31 March 2016 9,272
NET BOOK VALUE
At 31 March 2016 7,321
At 31 March 2015 5,001

4. SHARE CAPITAL

The company is a company limited by guarantee having no share capital. In the event of the
company being wound up, the liability in respect of the guarantee is limited to £1 per member of
the company.

Page 6