The Association of American Study Abroad Programmes in the U.K.
The Association of American Study Abroad Programmes in the U.K.
Registered number: 08319742
Unaudited Financial Statements
For The Year Ended
31 July 2021
Inchmead Accountants Limited
61/63 Crockhamwell Road
Woodley
Reading
RG5 3JP
The Association of American Study Abroad Programmes in the U.K.
Unaudited Financial Statements
For The Year Ended
31 July 2021
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1 |
| Notes to the Financial Statements | 2 |
Page 1
The Association of American Study Abroad Programmes in the U.K.
Balance Sheet
As at
31 July 2021
Balance Sheet
Registered number:
08319742
For the year ending 31 July 2021 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 3 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| NET ASSETS |
|
|
|||
| Income and Expenditure Account |
|
|
|||
| MEMBERS' FUNDS | 2,732 | 5,198 | |||
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
|
Director
|
|
|
The notes on page 2 form part of these financial statements.
Page 1
Page 2
The Association of American Study Abroad Programmes in the U.K.
Notes to the Financial Statements
For The Year Ended
31 July 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
1.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from membership fees and member activities. Income is recognised when received.
1.4.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.
Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2020: 7)
3.
Creditors: Amounts Falling Due Within One Year
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Accruals |
|
|
|
|
|
|
||
4.
General Information
The Association of American Study Abroad Programmes in the U.K.
is a private company, limited by shares, incorporated in England & Wales, registered number
08319742
. The registered office is 21 St Thomas Street, Bristol, BS1 6JS.
Page 2