Abbreviated Company Accounts - THE INSTITUTE OF INDIRECT TAXATION

Abbreviated Company Accounts - THE INSTITUTE OF INDIRECT TAXATION

THE INSTITUTE OF INDIRECT TAXATION - Company Information

Print Friendly Version

Registered Number 02631672

THE INSTITUTE OF INDIRECT TAXATION

Abbreviated Accounts

31 December 2013

THE INSTITUTE OF INDIRECT TAXATION Registered Number 02631672

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Intangible assets 3 - 2
Tangible assets 4 900 1,143
900 1,145
Current assets
Debtors 5 - 3,285
Cash at bank and in hand 57,270 107,752
57,270 111,037
Creditors: amounts falling due within one year (6,549) (77,017)
Net current assets (liabilities) 50,721 34,020
Total assets less current liabilities 51,621 35,165
Total net assets (liabilities) 51,621 35,165
Reserves
Income and expenditure account 51,621 35,165
Members' funds 51,621 35,165
  • For the year ending 31 December 2013 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 22 September 2014

And signed on their behalf by:
A.Fairpo, Director

THE INSTITUTE OF INDIRECT TAXATION Registered Number 02631672

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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 April 2008.

Turnover policy
Turnover represents VAT Diploma income.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures and fittings - 25% reducing balance
Office equipment - 25% reducing balance

Intangible assets amortisation policy
Full provision is made against the cost of trademarks and related expenditure.

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

3Intangible fixed assets
£
Cost
At 1 January 2013 2
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2013 2
Amortisation
At 1 January 2013 -
Charge for the year 2
On disposals -
At 31 December 2013 2
Net book values
At 31 December 2013 0
At 31 December 2012 2
4Tangible fixed assets
£
Cost
At 1 January 2013 8,309
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2013 8,309
Depreciation
At 1 January 2013 7,166
Charge for the year 243
On disposals -
At 31 December 2013 7,409
Net book values
At 31 December 2013 900
At 31 December 2012 1,143
5Debtors
2013
£		 2012
£
Debtors include the following amounts due after more than one year 0 3,285