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Registration number: 02334072

Wall Tie Installers Federation

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2021

 

Wall Tie Installers Federation

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Wall Tie Installers Federation

Company Information for the Year Ended 30 September 2021

Directors

P Longdin

C E Humphreys

H J Edwards

Company secretary

C E Humphreys

Registered office

Heald House
Heald Street
Garston
Liverpool
L19 2LY

Accountants

Whitnalls
Chartered Certified Accountants
Trident House
105 Derby Road
Liverpool
L20 8LZ

 

Wall Tie Installers Federation

(Registration number: 02334072)
Balance Sheet as at 30 September 2021

Note

2021
£

2020
£

Fixed assets

 

Other financial assets

4

30

30

Current assets

 

Debtors

5

43,749

43,853

Cash at bank and in hand

 

23,003

25,571

 

66,752

69,424

Creditors: Amounts falling due within one year

6

(6,393)

(5,938)

Net current assets

 

60,359

63,486

Net assets

 

60,389

63,516

Capital and reserves

 

Other reserves

38,935

38,935

Income and expenditure account

21,454

24,581

Total equity

 

60,389

63,516

 

Wall Tie Installers Federation

(Registration number: 02334072)
Balance Sheet as at 30 September 2021

For the financial year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income and Expenditure Account has been taken.

Approved and authorised by the Board on 16 August 2022 and signed on its behalf by:
 

.........................................

C E Humphreys

Company secretary and director

.........................................

H J Edwards

Director

 

Wall Tie Installers Federation

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold property

10% straight line basis.

Computer

20% straight line basis.

Fixtures and fittings

10% straight line basis.

Equipment

10% straight line basis.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2020 - 3).

 

Wall Tie Installers Federation

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

3

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2020

502

18,446

18,948

At 30 September 2021

502

18,446

18,948

Depreciation

At 1 October 2020

502

18,446

18,948

At 30 September 2021

502

18,446

18,948

Carrying amount

At 30 September 2021

-

-

-

4

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 October 2020

30

30

At 30 September 2021

30

30

Impairment

Carrying amount

At 30 September 2021

30

30

5

Debtors

2021
£

2020
£

Trade debtors

11,749

5,853

Other debtors

32,000

38,000

 

43,749

43,853

Less non-current portion

(32,000)

(38,000)

11,749

5,853

 

Wall Tie Installers Federation

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

6

Creditors

Creditors: amounts falling due within one year

2021
£

2020
£

Due within one year

Trade creditors

831

476

Accruals and deferred income

5,562

5,462

6,393

5,938