Table Tennis Assoc. Wales - Accounts to registrar (filleted) - small 18.2

The Table Tennis Association of Wales

Limited

Audited Financial Statements for the Year Ended 31 March 2018

DIRECTORS:

R Davies

N O'Connell

G M H Lewis

S M G Heydon

S K Roberts

SECRETARY:

N O'Connell

REGISTERED OFFICE:

Glanrhyd

Beaufort

Ebbw Vale

NP23 5NU

REGISTERED NUMBER:

04779322 (England and Wales)

AUDITORS:

BPU Limited

Chartered Accountants

Statutory Auditor

Radnor House

Greenwood Close

Cardiff Gate Business Park

Cardiff

CF23 8AA

BANKERS:

Lloyds Bank Plc

42 Commercial Street

Newport

NP20 1WX

FIXED ASSETS

Tangible assets

3

3,438

7,563

CURRENT ASSETS

Debtors

4

9,142

6,008

Cash at bank

58,647

81,542

67,789

87,550

CREDITORS

Amounts falling due within one year

5

8,493

14,910

NET CURRENT ASSETS

59,296

72,640

TOTAL ASSETS LESS CURRENT LIABILITIES

62,734

80,203

ACCRUALS AND DEFERRED INCOME

11,669

31,140

NET ASSETS

51,065

49,063

RESERVES

Income and expenditure account

51,065

49,063

51,065

49,063

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 12 October 2018 and were signed on its behalf by:

R Davies - Director

1.	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.

Income

Income represents sums received from grants, sponsorship, membership and affiliation

fees.

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

-

15% straight line

Motor vehicles

-

25% straight line

Hire purchase and leasing commitments

Assets held under finance leases and hire purchase contracts, which are those where

substantially all the risks and rewards of ownership of the asset have passed to the

company, are capitalised in the balance sheet and depreciated over their useful lives.

The interest element of the rental obligations is charged to the profit and loss account over

the period of the lease and represents a constant proportion of the balance of capital

repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the

lease term.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 7 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2017

and 31 March 2018

3,127

16,500

19,627

DEPRECIATION

At 1 April 2017

3,127

8,937

12,064

Charge for year

-

4,125

4,125

At 31 March 2018

3,127

13,062

16,189

NET BOOK VALUE

At 31 March 2018

-

3,438

3,438

At 31 March 2017

-

7,563

7,563

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

2,150

-

Prepayments and accrued income

6,992

6,008

9,142

6,008

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

-

2,999

Corporation tax

509

-

Social security and other taxes

2,616

2,965

Accruals and deferred income

5,368

8,946

8,493

14,910

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

The Report of the Auditors was unqualified.

John Huw Palin ACA (Senior Statutory Auditor)

for and on behalf of BPU Limited