The Flooring Industry Training Associati - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05025991 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2017

for

The Flooring Industry Training

Association Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J F Butler

A S Gayle

D A Green

B Green

K J Stephen

R N Catt

A L Mathe

REGISTERED OFFICE:

4C St Mary's Place

The Lace Market

Nottingham

NG1 1PH

REGISTERED NUMBER:

05025991 (England and Wales)

ACCOUNTANTS:

Net Accountancy Solutions LLP

19 Wellington Road

Burton Joyce

Nottingham

Nottinghamshire

NG14 5GQ

CURRENT ASSETS

Debtors

4

50,403

58,089

Cash at bank

198,848

197,977

249,251

256,066

CREDITORS

Amounts falling due within one year

5

52,510

31,019

NET CURRENT ASSETS

196,741

225,047

TOTAL ASSETS LESS CURRENT LIABILITIES

196,741

225,047

RESERVES

Other reserves

(8,674

)

(8,674

)

Income and expenditure account

205,415

233,721

196,741

225,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 14 November 2017 and were signed on its behalf by:

A S Gayle - Director

1.	STATUTORY INFORMATION

The Flooring Industry Training Association Limited is a private company, limited by guarantee , registered

in England and Wales. The company's registered number and registered office address can be found on

the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

33% on cost

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2016

and 31 August 2017

1,811

DEPRECIATION

At 1 September 2016

and 31 August 2017

1,811

NET BOOK VALUE

At 31 August 2017

-

At 31 August 2016

-

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

32,956

44,581

Other debtors

9,849

9,849

VAT

35

-

Prepayments and accrued income

7,563

3,659

50,403

58,089

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

14,101

10,837

Tax

7

7

VAT

-

11,190

Accruals and deferred income

38,402

8,985

52,510

31,019

6.	RELATED PARTY DISCLOSURES

During the year The Contract Flooring Association Limited, a company under common control, billed The

Flooring Industry Training Association £67,841 (2016: £57,580) in expenses. At the year end £6,621

(2016: £6,296) was outstanding.