National Infrastructure Planning Association Company Accounts

NATIONAL INFRASTRUCTURE PLANNING ASSOCIATION - Company Information

false false false false false false false false false true false false false false false false false No description of principal activity 2016-06-01 Sage Accounts Production Advanced 2017 Update 3 - FRS xbrli:pure xbrli:shares iso4217:GBP 07167859 2016-06-01 2017-05-31 07167859 2017-05-31 07167859 2016-05-31 07167859 bus:Director2 2016-06-01 2017-05-31 07167859 core:WithinOneYear 2017-05-31 07167859 core:WithinOneYear 2016-05-31 07167859 core:RetainedEarningsAccumulatedLosses 2017-05-31 07167859 core:RetainedEarningsAccumulatedLosses 2016-05-31 07167859 bus:FRS102 2016-06-01 2017-05-31 07167859 bus:AuditExempt-NoAccountantsReport 2016-06-01 2017-05-31 07167859 bus:FullAccounts 2016-06-01 2017-05-31 07167859 bus:SmallCompaniesRegimeForAccounts 2016-06-01 2017-05-31 07167859 bus:CompanyLimitedByGuarantee 2016-06-01 2017-05-31

COMPANY REGISTRATION NUMBER: 07167859

National Infrastructure Planning Association

Company Limited by Guarantee

Filleted Unaudited Financial Statements

31 May 2017

National Infrastructure Planning Association

Company Limited by Guarantee

Financial Statements

Year ended 31 May 2017

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

National Infrastructure Planning Association

Company Limited by Guarantee

Statement of Financial Position

31 May 2017

	2017		2016
Note	£	£	£

Current assets

Debtors	5	14,029	16,199
Cash at bank and in hand		78,161	54,318
		------	------
		92,190	70,517

Creditors: amounts falling due within one year	6	25,824		3,213
		------		------
Net current assets			66,366	67,304
			------	------
Total assets less current liabilities			66,366	67,304
			------	------

Capital and reserves

Profit and loss account	66,366	67,304
	------	------
Members funds	66,366	67,304
	------	------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 20 November 2017 , and are signed on behalf of the board by:

Mr M Humphries

Director

Company registration number: 07167859

National Infrastructure Planning Association

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 May 2017

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 5-11 Mortimer Street, London, United Kingdom, W1T 3HS.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 June 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.

The turnover shown in the profit and loss account represents membership fees and income arising from events during the year.

(d) Income tax

The taxation expense represents the aggregate amount of current and deferred tax. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

(e) Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Company limited by guarantee

National Infrastructure Planning Association was incorporated on the 24th of February 2010 in England and Wales as a company limited by guarantee.

5. Debtors

	2017	2016
	£	£
Other debtors	14,029	16,199
	------	------

6. Creditors: amounts falling due within one year

	2017	2016
	£	£
Trade creditors	15,080	–
Corporation tax	607	393
Other creditors	10,137	2,820
	------	-----
	25,824	3,213
	------	-----

7. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 June 2015.

No transitional adjustments were required in equity or profit or loss for the year.