Ethnic Minority Resource Centre - Accounts

Ethnic Minority Resource Centre - Accounts

ETHNIC MINORITY RESOURCE CENTRE - Company Information

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Registered Number : SC439420
Scotland

 

 

 

ETHNIC MINORITY RESOURCE CENTRE


Abridged Accounts
 


Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

Ethnic Minority Resource Centre
Contents Page
For the year ended 31 December 2017
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of Ethnic Minority Resource Centre for the year ended 31 December 2017 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the member of Ethnic Minority Resource Centre, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Ethnic Minority Resource Centre and state those matters that we have agreed to state to the Board ofs of Ethnic Minority Resource Centre, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ethnic Minority Resource Centre and its members as a body for our work or for this report.

It is your duty to ensure that Ethnic Minority Resource Centre has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Loss of Ethnic Minority Resource Centre. You consider that Ethnic Minority Resource Centre is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Ethnic Minority Resource Centre. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
Business Wisdom Centre Ltd
Caledonian Suite, Regent Court
70 West Regent Street
Glasgow
G2 2QZ
31 August 2018
1
 
 		 Notes
 		 2017
£		   2016
£
Fixed assets      
Tangible fixed assets 2 1,427    1,746 
1,427    1,746 
Current assets      
Debtors 1,197    1,216 
Cash at bank and in hand 3,365    6,017 
4,562    7,233 
Creditors: amount falling due within one year (1)   (1,750)
Net current assets 4,561    5,483 
 
Total assets less current liabilities 5,988    7,229 
Net assets 5,988    7,229 
 

Capital and reserves 		     
Profit and loss account 5,988    7,229 
Members' funds 5,988    7,229 
 


For the year ended 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Members Have Agreed to the Preparation of Abridged Accounts for this accounting period in accordance with section 444(2A).
Signed on behalf of the board of directors


--------------------------------
Peter Amos Sama
Director

Date approved by the board: 31 August 2018
2
General Information
Ethnic Minority Resource Centre is a private limited company, limited by guarantee, domiciled in Scotland, registration number SC439420,registration address Caledonian Suite, Regent Court,70 West Regent Street,Glasgow,Glasgow,G2 2QZ.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 20% Reducing Balance
Fixtures and Fittings 10% Reducing Balance
2.

Tangible fixed assets

Cost or Valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 January 2017 590    2,391    2,981 
Additions -    -    - 
Disposals -    -    - 
At 31 December 2017 590    2,391    2,981 
Depreciation
At 01 January 2017 184    1,051    1,235 
Charge for year 51    268    319 
On disposals -    -    - 
At 31 December 2017 235    1,319    1,554 
Net book values
Closing balance as at 31 December 2017 355    1,072    1,427 
Opening balance as at 01 January 2017 406    1,340    1,746 


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