Woodworking Machinery Suppliers Association Limited 01757131 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is trading as an association for incorporated and unincorporated bodies engaged in the manufacture of woodworking machinery and ancillary equipment. Digita Accounts Production Advanced 6.30.9574.0 true true 01757131 2023-01-01 2023-12-31 01757131 2023-12-31 01757131 core:RetainedEarningsAccumulatedLosses 2023-12-31 01757131 core:CurrentFinancialInstruments 2023-12-31 01757131 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 01757131 core:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 01757131 bus:SmallEntities 2023-01-01 2023-12-31 01757131 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 01757131 bus:FullAccounts 2023-01-01 2023-12-31 01757131 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01757131 bus:RegisteredOffice 2023-01-01 2023-12-31 01757131 bus:Chairman 2023-01-01 2023-12-31 01757131 bus:Director11 2023-01-01 2023-12-31 01757131 bus:Director2 2023-01-01 2023-12-31 01757131 bus:Director5 2023-01-01 2023-12-31 01757131 bus:Director6 2023-01-01 2023-12-31 01757131 bus:Director8 2023-01-01 2023-12-31 01757131 bus:Director9 2023-01-01 2023-12-31 01757131 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 01757131 core:PatentsTrademarksLicencesConcessionsSimilar 2023-01-01 2023-12-31 01757131 countries:EnglandWales 2023-01-01 2023-12-31 01757131 2022-12-31 01757131 core:PatentsTrademarksLicencesConcessionsSimilar 2022-12-31 01757131 2022-01-01 2022-12-31 01757131 2022-12-31 01757131 core:RetainedEarningsAccumulatedLosses 2022-12-31 01757131 core:CurrentFinancialInstruments 2022-12-31 01757131 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 01757131 core:PatentsTrademarksLicencesConcessionsSimilar 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 01757131

Woodworking Machinery Suppliers Association Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Woodworking Machinery Suppliers Association Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Woodworking Machinery Suppliers Association Limited

Company Information

Chairman

Mr D G Thompson Rowlands

Directors

Mr C J Smith

Mr C Franklin

Mr M J Applegarth

Mr G De Col

Mr A J N Dalton

Mr S M S Brooks

Registered office

Northgate House
North Gate
New Basford
Nottingham
NG7 7BQ

Accountants

RWB CA Limited
Northgate House
North Gate
New Basford
Nottingham
NG7 7BQ

 

Woodworking Machinery Suppliers Association Limited

(Registration number: 01757131)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

307

354

Current assets

 

Debtors

5

63

154

Cash at bank and in hand

 

101,527

95,485

 

101,590

95,639

Creditors: Amounts falling due within one year

6

(2,250)

(2,250)

Net current assets

 

99,340

93,389

Net assets

 

99,647

93,743

Reserves

 

Retained earnings

99,647

93,743

Surplus

 

99,647

93,743

For the financial year ending 31 December 2023 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 April 2024 and signed on its behalf by:
 

.........................................
Mr D G Thompson Rowlands
Chairman

 

Woodworking Machinery Suppliers Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Northgate House
North Gate
New Basford
Nottingham
NG7 7BQ

The principal place of business is:
20 Poplar Road
Shalford
Guildford
GU4 8DJ

2

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The company did not make any significant judgements (apart from those involving estimations which are detailed in the notes below) that have a significant effect on the amounts recognised in the financial statements.

 

Woodworking Machinery Suppliers Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

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.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Trade mark

Over 10 years

Going concern

The financial statements have been prepared on a going concern basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2022 - 7).

 

Woodworking Machinery Suppliers Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 January 2023

470

470

At 31 December 2023

470

470

Amortisation

At 1 January 2023

116

116

Amortisation charge

47

47

At 31 December 2023

163

163

Carrying amount

At 31 December 2023

307

307

At 31 December 2022

354

354

5

Debtors

2023
£

2022
£

Other debtors

63

154

63

154

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

2,250

2,250