The Commercial Occupational Health Providers Association Limited - Filleted accounts

The Commercial Occupational Health Providers Association Limited - Filleted accounts

THE COMMERCIAL OCCUPATIONAL HEALTH PROVIDERS ASSOCIATION LIMITED - Company Information

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Registered number
05102593
The Commercial Occupational Health Providers Association Limited
Company Limited by Guarantee
Filleted Accounts
31 December 2017
The Commercial Occupational Health Providers Association Limited
Company Information
Directors
Ms L Allan
Mr J Blackhurst
Mr T Grant
Dr R Guest
Mr A Jones
Mr S Smith
Auditors
Elsby & Company (Sywell) Ltd
Thistle Down Barn
Holcot Lane
Sywell
Northamptonshire
NN6 0BG
Bankers
HSBC plc
47 Market Street
Wellingborough
Northamptonshire
NN8 1AE
Solicitors
Howes Percival LLP
4 Rushmills
Northampton
Northamptonshire
NN4 7YB
Registered office
Nene House
4 Rushmills
Northampton
Northamptonshire
NN4 7YB
Registered number
05102593
The Commercial Occupational Health Providers Association Limited
Registered number: 05102593
Statement of Financial Position
as at 31 December 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 4 1,400 1
Current assets
Debtors 5 15,632 11,168
Cash at bank and in hand 107,437 123,914
123,069 135,082
Creditors: amounts falling due within one year 6 (47,901) (49,331)
Net current assets 75,168 85,751
Net assets 76,568 85,752
Reserves
Income and expenditure account 76,568 85,752
Reserves 76,568 85,752
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
Mr James Blackhurst
Director
Approved by the board on 19 September 2018
The Commercial Occupational Health Providers Association Limited
Notes to the Accounts
for the year ended 31 December 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going Concern
The directors believe the company has adequate resources and is well placed to manage its
business risks successfully. Therefore the directors continue to adopt the going concern basis of accounting and preparing the annual financial statements.
Income recognition
Income attributable to the financial year is recognised as follows:
- joining fees are accounted for in the period that the member joins the association
- membership fees are accounted for over the period covered by the subscription
- events fees are accounted for in the period that the event takes place
- investment income is accounted for over the period in which it is earned

Deferred income
Member subscriptions are payable in respect of a rolling 12 month period and are credited to income over the period to which they relate. The balance of this income that falls into the following year at the year end is shown as deferred income.
Tangible fixed assets
Tangible fixed assets (other than investment properties) are measured at cost less accumulative
depreciation and any accumulative impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be
capable of operating in the manner intended by management.

Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted
prospectively if appropriate, or if there is an indication of a significant change since the last
reporting date.

Gains and losses on disposals determined by comparing the proceeds with the carrying amount
and are recognised in the income statement.

Depreciation is provided as follows:
Plant and machinery 25% straight line
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and
doubtful debts. Loans and other financial assets are initially recognised at transaction price
including any transaction costs and subsequently measured at amortised cost determined using
the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash is represented by cash in hand and deposits held with financial institutions repayable without penalty on notice of not more than 24 hours.

Cash equivalents are highly liquid investments that mature in no more than three months from the
date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are
initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable investment income of the current and past periods.

Deferred tax is recognised in respect of all timing differences between the recognition of investment income in the financial statements and their inclusion in tax assessments.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Current and deferred tax liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to income or expenditure.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: Carl Elsby ACA
Firm: Elsby & Company (Sywell) Ltd
Date of audit report: 20 September 2018
2017 2016
£ £
Auditors remuneration 2,640 -
3 Employees 2017 2016
Number Number
Average number of persons employed by the company 1 1
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2017 4,099
Additions 1,867
Disposals (4,099)
At 31 December 2017 1,867
Depreciation
At 1 January 2017 4,098
Charge for the year 467
Eliminated on disposals (4,098)
At 31 December 2017 467
Net book value
At 31 December 2017 1,400
At 31 December 2016 1
5 Debtors 2017 2016
£ £
Trade debtors 9,778 7,515
Other debtors 5,854 3,653
15,632 11,168
6 Creditors: amounts falling due within one year 2017 2016
£ £
Trade creditors 1,292 279
Taxation and social security costs 2,729 1,702
Other creditors 43,880 47,350
47,901 49,331
7 Related party transactions 2017 2016
£ £
OH Assist Limited
Common Directorship
During the year £3500 membership fees (2016: £3500) and £Nil event fees (2016: £100) were invoiced to the company. Transactions were concluded under normal market conditions.
Amount due from (to) the related party - -
M.K. Occupational Health Ltd
Common Directorship
During the year £1500 membership fees (2016: £1500) were invoiced to the company. Transactions were concluded under normal market conditions.
Amount due from (to) the related party 1,075 875
Managed Occupational Health Limited
Common Directorship
During the year £3500 membership fees (2016: £4200) and £260 event fees (2016: £Nil) were invoiced to the company. Transactions were concluded under normal market conditions.
Amount due from (to) the related party - -
Medigold Health Consultancy Ltd
Common Directorship
During the year £3500 membership fees (2016: £3500) were invoiced to the company. Transactions were concluded under normal market conditions.
Amount due from (to) the related party - -
Caritas Limited
Common Directorship
During the year £750 membership fees (2016: £750) were invoiced to the company. Transactions were concluded under normal market conditions.
Amount due from (to) the related party - -
Mr A Jones
Director
During the year £Nil travelling expenses (2016: £59) were reimbursed to the director.
8 Directors remuneration
During the year the directors remuneration was £Nil (2016: £Nil).
9 Ultimate controlling party
The company is under the control of its members.
10 Other information
The Commercial Occupational Health Providers Association Limited is a private company limited by guarantee and incorporated in England and Wales. Its registered number is 05102593. Its registered office is:
Nene House
4 Rushmills
Northampton
Northamptonshire
NN4 7YB
11 Company Limited by Guarantee
The company is limited by guarantee. Every member of the Association undertakes to contribute such amount as may be required (not exceeding one pound) to the Association's assets if it should be wound up while he is a member or within one year after he ceases to be a member, for payment of the Association's debts and liabilities contracted before he ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories themselves.

If on the winding up or dissolution of the Association, there remains any property whatsoever after the satisfaction of all its debts and liabilities, the surplus shall not be distributed among the members of the Association, but shall be given or transferred to some other body (whether or not it is a member of the Association) having objects similar to those of the Association, or to another body the objects of which are charitable and which shall prohibit the distribution of its or their income and property among its or their members to an extent at least as great as is imposed on the Association, such body or bodies to be determined by the members of the Association at or before the time of dissolution, and if so far as effect cannot be given to such provision, then to some other charitable body.
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