Abbreviated Company Accounts - THE INTERNATIONAL DYNAMIC POSITIONING OPERATORS ASSOCIATION

THE INTERNATIONAL DYNAMIC POSITIONING OPERATORS ASSOCIATION - Company Information

Registered Number 06740023

THE INTERNATIONAL DYNAMIC POSITIONING OPERATORS ASSOCIATION

Abbreviated Accounts

31 December 2014

THE INTERNATIONAL DYNAMIC POSITIONING OPERATORS ASSOCIATION Registered Number 06740023

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	3	115	154
		115	154
Current assets
Debtors		2,000	2,000
Cash at bank and in hand		4,559	7,730
		6,559	9,730
Creditors: amounts falling due within one year		(3,998)	(2,769)
Net current assets (liabilities)		2,561	6,961
Total assets less current liabilities		2,676	7,115
Total net assets (liabilities)		2,676	7,115
Reserves
Income and expenditure account		2,676	7,115
Members' funds		2,676	7,115

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 April 2015

And signed on their behalf by:
M A Pointon, Director

THE INTERNATIONAL DYNAMIC POSITIONING OPERATORS ASSOCIATION Registered Number 06740023

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery - 25% reducing balance

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 January 2014	600
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	600
Depreciation
At 1 January 2014	446
Charge for the year	39
On disposals	-
At 31 December 2014	485
Net book values
At 31 December 2014	115
At 31 December 2013	154