Employee Ownership Association - Accounts to registrar (filleted) - small 18.1
Employee Ownership Association - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 September 2017 |
| for |
| Employee Ownership Association |
| Employee Ownership Association (Registered number: 01419899) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2017 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Employee Ownership Association |
| Company Information |
| for the Year Ended 30 September 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Overdene House |
| 49 Church Street |
| Theale |
| Reading |
| Berkshire |
| RG7 5BX |
| Employee Ownership Association (Registered number: 01419899) |
| Statement of Financial Position |
| 30 September 2017 |
| 30.9.17 | 30.9.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| RESERVES |
| Income and expenditure account |
| 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 surplus or deficit 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. |
| 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 |
| Employee Ownership Association (Registered number: 01419899) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2017 |
| 1. | STATUTORY INFORMATION |
| Employee Ownership Association is a |
| The company's registered number and registered office address can be found on the Company Information |
| page. |
| 2. | STATEMENT OF COMPLIANCE |
| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" |
| of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of |
| Ireland" and the Companies Act 2006. |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared under the historical cost convention. |
| These financial statements are the first financial statements that comply with FRS 102 Section 1A small entities. |
| The date of transition is 1 October 2015 and the comparative prior year has been restated. |
| The presentation currency is sterling (£). |
| Turnover |
| Turnover represents net invoiced sales of services, excluding VAT. Services include subscription and |
| sponsorship income and income generated from events. |
| Turnover in respect of sponsorship income and income from events is recognised at the point income becomes |
| due, however subscription income is recognised throughout the period of membership. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Pension costs and other post-retirement benefits |
| The company makes contributions to private pension schemes as part of individual remuneration packages. The |
| contributions are charged to the profit and loss account during the period to which they relate. |
| Debtors |
| Short Term debtors are measured at transaction price less any impairment. Loans receivable are measured |
| initially at fair value, net of transactions costs, and are measured subsequently at amortised costs using the |
| effective interest method, less any impairment. |
| Creditors |
| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans are |
| measured initially at fair value, net of transaction costs, and are measured subsequently at amortised costs |
| using the effective interest method. |
| Going concern justification |
| The accounts are prepared on a going concern basis, the use of the going concern basis of accounting is |
| appropriate because there are no material uncertainties related to events or conditions that may cast significant |
| doubt about the ability of the company to continue as a going concern. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Employee Ownership Association (Registered number: 01419899) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 October 2016 |
| and 30 September 2017 |
| DEPRECIATION |
| At 1 October 2016 |
| Charge for year |
| At 30 September 2017 |
| NET BOOK VALUE |
| At 30 September 2017 |
| At 30 September 2016 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.17 | 30.9.16 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.17 | 30.9.16 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Accruals and deferred income |
| Prepaid subscriptions |
| 8. | FIRST YEAR ADOPTION |
| This is the first year the financial statements have been prepared under FRS 102. There were no restatements of |
| prior year comparison as a result of the transition to FRS 102. |