The Flooring Industry Training Associati - Accounts to registrar (filleted) - small 18.1

The Flooring Industry Training Associati - Accounts to registrar (filleted) - small 18.1

THE FLOORING INDUSTRY TRAINING ASSOCIATION LIMITED - Company Information

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REGISTERED NUMBER: 05025991 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2018

for

The Flooring Industry Training
Association Limited
The Flooring Industry Training
Association Limited (Registered number: 05025991)






Contents of the Financial Statements
for the Year Ended 31 August 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Flooring Industry Training
Association Limited

Company Information
for the Year Ended 31 August 2018







DIRECTORS: J F Butler
A S Gayle
D A Green
B Green
K J Stephen
R N Catt
A L Mathe





REGISTERED OFFICE: 4C St Mary's Place
The Lace Market
Nottingham
NG1 1PH





REGISTERED NUMBER: 05025991 (England and Wales)





ACCOUNTANTS: Fouette Accountancy Solutions Limited
White Rose House
5 Walnut Grove
Cotgrave
Nottingham
NG12 3AU
Page 1
The Flooring Industry Training
Association Limited (Registered number: 05025991)

Balance Sheet
31 August 2018

2018 2017
Notes £    £   
CURRENT ASSETS
Debtors 4 31,373 50,403
Cash at bank 149,893 198,848
181,266 249,251
CREDITORS
Amounts falling due within one year 5 28,453 52,510
NET CURRENT ASSETS 152,813 196,741
TOTAL ASSETS LESS CURRENT
LIABILITIES
152,813
196,741

RESERVES
Other reserves (8,674 ) (8,674 )
Income and expenditure account 161,487 205,415
152,813 196,741

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 13 November 2018 and were signed on its
behalf by:





A S Gayle - Director


The notes form part of these financial statements

Page 2
The Flooring Industry Training
Association Limited (Registered number: 05025991)

Notes to the Financial Statements
for the Year Ended 31 August 2018

1. STATUTORY INFORMATION

The Flooring Industry Training Association Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

3. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2017
and 31 August 2018 1,811
DEPRECIATION
At 1 September 2017
and 31 August 2018 1,811
NET BOOK VALUE
At 31 August 2018 -
At 31 August 2017 -

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 11,033 32,956
Other debtors 9,849 9,849
VAT 1,512 35
Prepayments and accrued income 8,979 7,563
31,373 50,403

Page 3 continued...
The Flooring Industry Training
Association Limited (Registered number: 05025991)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2018

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 12,503 14,101
Tax 7 7
Accruals and deferred income 15,943 38,402
28,453 52,510

6. RELATED PARTY DISCLOSURES

During the year The Contract Flooring Association Limited, a company under common control, billed The
Flooring Industry Training Association £69,003 (2017: £67,841) in expenses. At the year end £6,804
(2017: £6,621) was outstanding.

Page 4