Toy Retailers Association - Accounts to registrar (filleted) - small 18.2

Toy Retailers Association - Accounts to registrar (filleted) - small 18.2

TOY RETAILERS ASSOCIATION - Company Information

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REGISTERED NUMBER: 02661335 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2018

for

Toy Retailers Association
Toy Retailers Association (Registered number: 02661335)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Toy Retailers Association

Company Information
for the Year Ended 31 December 2018







DIRECTORS: A J Simpson
S C Town





SECRETARY: S C Town





REGISTERED OFFICE: The Northdown
Cranbrook Road
Goudhurst
Cranbrook
Kent
TN17 1DP





REGISTERED NUMBER: 02661335 (England and Wales)





ACCOUNTANTS: K.J. Van-Doren
The Northdown
Cranbrook Road
Goudhurst
Cranbrook
Kent
TN17 1DP
Page 1
Toy Retailers Association (Registered number: 02661335)

Abridged Statement of Financial Position
31 December 2018

31.12.18 31.12.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 - 3,334
- 3,334

CURRENT ASSETS
Debtors 74,798 14,297
Cash at bank 167,015 164,337
241,813 178,634
CREDITORS
Amounts falling due within one year 92,716 38,565
NET CURRENT ASSETS 149,097 140,069
TOTAL ASSETS LESS CURRENT
LIABILITIES
149,097
143,403

RESERVES
Retained earnings 5 149,097 143,403
149,097 143,403

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 profit or loss 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 notes form part of these financial statements

Page 2 continued...
Toy Retailers Association (Registered number: 02661335)

Abridged Statement of Financial Position - continued
31 December 2018


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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 September 2019 and were signed on its behalf
by:





A J Simpson - Director


The notes form part of these financial statements

Page 3
Toy Retailers Association (Registered number: 02661335)

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

1. STATUTORY INFORMATION

Toy Retailers Association 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of value added tax.

Intangible fixed assets
Intangible fixed assets are stated at cost less amortisation. Amortisation is calculated to write off the cost, less
estimated residual value, of an asset over its estimated useful life to the business. The annual amortisation rates
and methods are as follows:

Website - 25% on cost

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 that have been enacted or
substantively enacted by the statement of financial position date. The company is only required to pay tax on its
investment income.

3. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2018
and 31 December 2018 8,500
AMORTISATION
At 1 January 2018
and 31 December 2018 8,500
NET BOOK VALUE

At 31 December 2018 -
At 31 December 2017 -

Page 4 continued...
Toy Retailers Association (Registered number: 02661335)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2018 6,393
Disposals (6,393 )
At 31 December 2018 -
DEPRECIATION
At 1 January 2018 3,059
Charge for year 833
Eliminated on disposal (3,892 )
At 31 December 2018 -
NET BOOK VALUE
At 31 December 2018 -
At 31 December 2017 3,334

5. RESERVES
Retained
earnings
£   

At 1 January 2018 143,403
Profit for the year 5,694
At 31 December 2018 149,097

6. ULTIMATE CONTROLLING PARTY

The company is limited by guarantee and the ultimate controlling party is deemed to be A J Simpson and S C
Town, the directors of the company.

Page 5