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REGISTERED NUMBER: 05106505 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

INTERNATIONAL IRRADIATION ASSOCIATION

INTERNATIONAL IRRADIATION ASSOCIATION (REGISTERED NUMBER: 05106505)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

INTERNATIONAL IRRADIATION ASSOCIATION

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D P McKenzie-Wynne
Dr B Lambert
K A Hoffman
T Servais
M Thomas
X J M Coqueret
R A Bandali





REGISTERED OFFICE: Number 5
The Business Quarter
Eco Park Road
Ludlow
Shropshire
SY8 1FD





REGISTERED NUMBER: 05106505 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
Number 5
The Business Quarter
Eco Park Road
Ludlow
Shropshire
SY8 1FD

INTERNATIONAL IRRADIATION ASSOCIATION (REGISTERED NUMBER: 05106505)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes $    $    $    $   
FIXED ASSETS
Intangible assets 5 9,432 14,352

CURRENT ASSETS
Debtors 6 21,453 4,742
Cash at bank 837,300 883,161
858,753 887,903
CREDITORS
Amounts falling due within one year 7 117,671 114,112
NET CURRENT ASSETS 741,082 773,791
TOTAL ASSETS LESS CURRENT
LIABILITIES

750,514

788,143

RESERVES
Income and expenditure account 750,514 788,143
750,514 788,143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 18 July 2024 and were signed on its behalf by:





D P McKenzie-Wynne - Director


INTERNATIONAL IRRADIATION ASSOCIATION (REGISTERED NUMBER: 05106505)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

International Irradiation Association is a private company, limited by guarantee , registered in England and Wales. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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. The accounts have been prepared on a going concern basis.

The financial statements are presented in US Dollar ($) rounded to the nearest $1.

Turnover
Turnover represents invoiced subscriptions and other services and is recognised as the service is performed or the subscriptions fall due.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Foreign currency
Transactions in currencies other than US Dollars are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the year are included in profit or loss.

Taxation
The company's general operations are purely for the benefit of its members. Therefore, only income generated from transactions with non-members (eg interest receivable and the proportion of conference surpluses relating to non-members) are subject to corporation tax.

INTERNATIONAL IRRADIATION ASSOCIATION (REGISTERED NUMBER: 05106505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. ACCOUNTING POLICIES - continued

Going concern
In preparing these financial statements, the directors have made an assessment of the company's ability to continue as a going concern. Based on the current and previous period surplus, the level of net current assets and the absence of an intention to cease the activities of the company, it is considered appropriate to prepare the financial statements on the going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
$   
COST
At 1 January 2023
and 31 December 2023 19,682
AMORTISATION
At 1 January 2023 5,330
Charge for year 4,920
At 31 December 2023 10,250
NET BOOK VALUE
At 31 December 2023 9,432
At 31 December 2022 14,352

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
$    $   
Trade debtors 6,600 -
Other debtors re: IMRP - 2,742
Other debtors re: SfSAP - 2,000
Prepayments 14,853 -
21,453 4,742

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
$    $   
Bank loans and overdrafts - 10
Trade creditors 32,488 -
HSBC credit card 874 672
Corporation tax 4,308 2,093
Other creditors re: IMRP 7,000 102,920
Deferred income 53,946 -
Accrued expenses 19,055 8,417
117,671 114,112

INTERNATIONAL IRRADIATION ASSOCIATION (REGISTERED NUMBER: 05106505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. ULTIMATE CONTROLLING PARTY

There was no overall controlling party during the current or preceding year.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
INTERNATIONAL IRRADIATION ASSOCIATION

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of International Irradiation Association for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of International Irradiation Association, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of International Irradiation Association and state those matters that we have agreed to state to the Board of Directors of International Irradiation Association, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than International Irradiation Association and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that International Irradiation Association has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of International Irradiation Association. You consider that International Irradiation Association is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of International Irradiation Association. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D.R.E. & Co. Limited
Chartered Accountants
Number 5
The Business Quarter
Eco Park Road
Ludlow
Shropshire
SY8 1FD


19 July 2024