Safe Ageing No Discrimination - Period Ending 2017-05-31

Registration number: 09592142

Safe Ageing No Discrimination

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2017

Safe Ageing No Discrimination

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 4

Safe Ageing No Discrimination

(Registration number: 09592142)
Balance Sheet as at 31 May 2017

	Note	2017 £	2016 £
Current assets
Cash at bank and in hand		1,926	2,873
Creditors: Amounts falling due within one year	3	(1,761)	(4,080)
Net assets/(liabilities)		165	(1,207)
Capital and reserves
Profit and loss account		165	(1,207)
Total equity		165	(1,207)

For the financial year ending 31 May 2017 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 of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 1 September 2017 and signed on its behalf by:
 

.........................................

Kay Davies

Director

.........................................

Sue Gorbing

Chairman

The notes on pages 2 to 4 form an integral part of these financial statements.

Page 1

Safe Ageing No Discrimination

Notes to the Financial Statements for the Year Ended 31 May 2017

1	General information

The company is a company limited by guarantee incorporated in England.

The address of its registered office is:
Office 3
Old Grammar School House
School Gardens
Shrewsbury
Shropshire
SY1 2AJ

These financial statements were authorised for issue by the Board on 1 September 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Creditors

	Note	2017 £	2016 £
Due within one year
Trade creditors		1,695	105
Other creditors		66	3,975
		1,761	4,080

Page 2

Safe Ageing No Discrimination

Notes to the Financial Statements for the Year Ended 31 May 2017

4	Transition to FRS 102

Balance Sheet at 14 May 2015
 

	Note	As originally reported £	Reclassification £	Remeasurement £	As restated £
Capital and reserves
Total equity		-	-	-	-

Page 3

Safe Ageing No Discrimination

Notes to the Financial Statements for the Year Ended 31 May 2017

Balance Sheet at 31 May 2016
 

	Note	As originally reported £	Reclassification £	Remeasurement £	As restated £
Current assets
Cash at bank and in hand		2,873	-	-	2,873
Creditors: Amounts falling due within one year		(105)	-	-	(105)
Total assets less current liabilities		2,768	-	-	2,768
Provisions for liabilities		(3,975)	-	-	(3,975)
Net liabilities		(1,207)	-	-	(1,207)
Capital and reserves
Profit and loss account		1,207	-	-	1,207
Total equity		1,207	-	-	1,207

Page 4