| Industrial and Power Association Ltd |
| (Limited by Guarantee) |
| Registered number: |
SC140994 |
| Balance Sheet |
| as at 31 March 2021 |
|
| Notes |
|
|
2021 |
|
|
2020 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
- |
|
|
16 |
|
| Current assets |
| Debtors |
4 |
|
377 |
|
|
377 |
| Cash at bank and in hand |
|
|
7,638 |
|
|
7,635 |
|
|
|
8,015 |
|
|
8,012 |
|
| Creditors: amounts falling due within one year |
5 |
|
(6,243) |
|
|
(6,243) |
|
| Net current assets |
|
|
|
1,772 |
|
|
1,769 |
|
| Net assets |
|
|
|
1,772 |
|
|
1,785 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Profit and loss account |
|
|
|
1,772 |
|
|
1,785 |
|
| Shareholders' funds |
|
|
|
1,772 |
|
|
1,785 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| C G McNaught |
| Director |
| Approved by the board on 29 December 2021 |
|
| Industrial and Power Association Ltd |
| (Limited by Guarantee) |
| Notes to the Accounts |
| for the year ended 31 March 2021 |
|
|
| 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). |
|
|
Turnover |
|
Turnover comprises members' subscriptions due for the year, excluding VAT. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
|
|
Plant and machinery |
over 5 years |
|
|
|
| 2 |
Number of employees |
2021 |
|
2020 |
| £ |
£ |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 April 2020 |
8,507 |
|
At 31 March 2021 |
8,507 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2020 |
8,491 |
|
Charge for the year |
16 |
|
At 31 March 2021 |
8,507 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2021 |
- |
|
At 31 March 2020 |
16 |
|
|
| 4 |
Debtors |
2021 |
|
2020 |
| £ |
£ |
|
|
Trade debtors |
3,931 |
|
3,931 |
|
Provision for bad debts |
|
|
|
|
(3,748) |
|
(3,748) |
|
VAT refund |
|
|
|
|
194 |
|
194 |
|
|
|
|
|
|
377 |
|
377 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Accruals |
990 |
|
990 |
|
Subscriptions due back to members |
5,253 |
|
5,253 |
|
|
|
|
|
|
6,243 |
|
6,243 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
Industrial and Power Association Ltd is a private company limited by guarantee and incorporated in Scotland. Its registered office is 4 Old Glasgow Road, Stewarton, Kilmarnock, Scotland, KA3 5JJ |
|
4 Old Glasgow Road |
|
Stewarton |
|
Kilmarnock |
|
KA3 5JJ |
