Registered number
07667177
Global Shippers' Forum Association Limited (a company limited by guarantee)
Unaudited Filleted Accounts
30 June 2023
Global Shippers' Forum Association Limited (a company limited by guarantee)
Registered number: 07667177
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 - 3,500
Cash at bank and in hand 28,075 20,850
28,075 24,350
Creditors: amounts falling due within one year 4 (75,295) (48,660)
Net current liabilities (47,220) (24,310)
Total assets less current liabilities (47,220) (24,310)
Creditors: amounts falling due after more than one year 5 (5,000) (18,108)
Net liabilities (52,220) (42,418)
Capital and reserves
Profit and loss account (52,220) (42,418)
Shareholders' funds (52,220) (42,418)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
James Hookham
Director
Approved by the board on 19 October 2023
Global Shippers' Forum Association Limited (a company limited by guarantee)
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Trade debtors - 20,500
Provision for bad debts - (17,000)
- 3,500
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 45,000 18,660
Other creditors 30,295 30,000
75,295 48,660
5 Creditors: amounts falling due after one year 2023 2022
£ £
Trade creditors 5,000 18,108
6 Other information
Global Shippers' Forum Association Limited (a company limited by guarantee) is a private company limited by shares and incorporated in England. Its registered office is:
Unit A, Farriers Courtyard
Spelmonden Road
Goudhurst
Kent
TN17 1HE
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