UK Crowdfunding Association

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Registered number: 08554391
UK Crowdfunding Association
Abbreviated accounts
For The Year Ended 30 June 2016
Abbreviated Balance Sheet
2016 2015
Notes £ £ £ £
CURRENT ASSETS
Debtors 27,025 18,275
Cash at bank and in hand 37,417 13,183
64,442 31,458
Creditors: Amounts Falling Due Within One Year (24,710 ) (33,226 )
NET CURRENT ASSETS (LIABILITIES) 39,732 (1,768 )
TOTAL ASSETS LESS CURRENT LIABILITIES 39,732 (1,768 )
NET ASSETS 39,732 (1,768 )
Income and Expenditure Account 39,732 (1,768 )
MEMBERS' FUNDS 39,732 (1,768 )
For the year ending 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
Mr Martin Smulian
23/03/2017
Notes to the Abbreviated Accounts
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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