The Ridings Merchants' Association - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02060517 (England and Wales)

The Ridings Merchants' Association

Limited

Financial Statements

for the Year Ended 31 December 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms J Williams

Mrs L Thompson

Ms S Bradbury

Miss A J Henson

Mr L A Appleton

Miss G A Kelly

Mrs C A Webster

REGISTERED OFFICE:

Centre Managers Office

The Ridings Shopping Centre

Wakefield

West Yorkshire

WF1 1DS

REGISTERED NUMBER:

02060517 (England and Wales)

AUDITORS:

Jolliffe Cork LLP

Chartered Accountants & Statutory Auditor

33 George Street

Wakefield

West Yorkshire

WF1 1LX

CURRENT ASSETS

Debtors

3

78,105

69,826

Cash at bank and in hand

20,676

27,173

98,781

96,999

CREDITORS

Amounts falling due within one year

4

1,745

1,744

NET CURRENT ASSETS

97,036

95,255

TOTAL ASSETS LESS CURRENT LIABILITIES

97,036

95,255

RESERVES

Retained earnings

97,036

95,255

97,036

95,255

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 31 October 2018 and were signed on its behalf by:

Mr L A Appleton - Director

1.	STATUTORY INFORMATION

The Ridings Merchants' Association Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The functional and presentation currency for the company is the pound sterling (£). All financial information presented has

been rounded to the nearest (£), unless otherwise stated.

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.

Going concern

The directors are of the opinion that the company continues to be a going concern and have therefore adopted that basis in

the preparation of the financial statements.

Turnover

Turnover represents income from members subscriptions, excluding discounts, rebates, value added tax and other sales

taxes.

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.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

60,724

55,692

VAT

17,015

13,772

Prepayments and accrued income

366

362

78,105

69,826

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Accruals and deferred income

1,745

1,744

5.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Claire Lawton FCA DCha (Senior Statutory Auditor)

for and on behalf of Jolliffe Cork LLP

6.	RELATED PARTY DISCLOSURES

7.	COMPANY LIMITED BY GUARANTEE

The company does not have any share capital and is limited by guarantee.