Metal Cladding and Roofing Manufacturers - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 02502395 (England and Wales)

METAL CLADDING AND ROOFING

MANUFACTURERS' ASSOCIATION LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

P A Cook

A P Dunne

C J Jones

B M Jackson

Dr J L Evans

D Webster

N W Selves

S N Cooper

D R J Biggs

SECRETARY:

C J Jones

REGISTERED OFFICE:

42 High Street

Flitwick

Bedfordshire

MK45 1DU

REGISTERED NUMBER:

02502395 (England and Wales)

ACCOUNTANTS:

Haines Watts (SEM) Limited

42 High Street

Flitwick

Bedfordshire

MK45 1DU

BANKERS:

National Westminster Bank plc

6 Grange Road West

Charing Cross

Birkenhead

CH41 4DF

CURRENT ASSETS

Debtors

4

6,473

5,191

Cash at bank

183,092

179,664

189,565

184,855

CREDITORS

Amounts falling due within one year

5

1,517

1,682

NET CURRENT ASSETS

188,048

183,173

TOTAL ASSETS LESS CURRENT LIABILITIES

188,048

183,173

RESERVES

Income and expenditure account

6

188,048

183,173

188,048

183,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 June 2018 and were signed on its behalf by:

C J Jones - Director

1.	STATUTORY INFORMATION

Metal Cladding and Roofing Manufacturers' Association Ltd 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 represents net invoiced membership subscriptions, excluding value added tax.

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 etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2017

and 31 March 2018

334

DEPRECIATION

At 1 April 2017

and 31 March 2018

334

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

6,473

5,191

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

317

557

Other creditors

1,200

1,125

1,517

1,682

6.

RESERVES

Income

and

expenditure

account

£

At 1 April 2017

183,173

Surplus for the year

4,875

At 31 March 2018

188,048

7.	RELATED PARTY DISCLOSURES

During the year the company was charged management fees totalling £26,494 (2017 - £25,000) by C J Jones,

a director of the company.

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by the members jointly.

9.	LIMITED BY GUARANTEE

The company is limited by guarantee, without share capital. As a non-profit making organisation it is only

subject to taxation on its investment income and royalties received.