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REGISTERED NUMBER: 02451923 (England and Wales)















GALVANIZERS ASSOCIATION

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






GALVANIZERS ASSOCIATION (REGISTERED NUMBER: 02451923)






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


GALVANIZERS ASSOCIATION

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: E Byrne
R Evans
A D Humphreys
G C Keane
S P Kelly
P Maginnis
T Straker
D A Watkins
C J Woolridge
J F Woolridge
J D Asplund
G Bulloch
S Whitehouse
J M Anderson





SECRETARY: W Smith





REGISTERED OFFICE: 6 Wrens Court
56 Victoria Road
Sutton Coldfield
B72 1SY





REGISTERED NUMBER: 02451923 (England and Wales)





AUDITORS: Harwoods
(Statutory auditor)
1 Trinity Place
Midland Drive
Sutton Coldfield
West Midlands
B72 1TX

GALVANIZERS ASSOCIATION (REGISTERED NUMBER: 02451923)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,476 3,631

CURRENT ASSETS
Debtors 5 76,145 97,128
Cash at bank and in hand 347,952 305,314
424,097 402,442
CREDITORS
Amounts falling due within one year 6 71,228 75,754
NET CURRENT ASSETS 352,869 326,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

354,345

330,319

RESERVES
Income and expenditure account 354,345 330,319
354,345 330,319

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2024 and were signed on its behalf by:





D A Watkins - Director


GALVANIZERS ASSOCIATION (REGISTERED NUMBER: 02451923)

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

1. STATUTORY INFORMATION

Galvanizers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements are rounded to the nearest £.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% on cost

Taxation
The company is formed to promote the common interests of its members and derives its funds from annual
subscriptions and charges paid by its members. Consequently, for taxation purposes, it is a non-trading concern and thus outside the scope of taxation provision on its operating surplus or deficit. However the company is liable to corporation tax on any investment income received. No provision is required for deferred taxation.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 32,662
DEPRECIATION
At 1 January 2023 29,031
Charge for year 2,155
At 31 December 2023 31,186
NET BOOK VALUE
At 31 December 2023 1,476
At 31 December 2022 3,631

GALVANIZERS ASSOCIATION (REGISTERED NUMBER: 02451923)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 40,212 58,183
Other debtors 35,933 38,945
76,145 97,128

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 28,864 41,439
Taxation and social security 12,131 9,906
Other creditors 30,233 24,409
71,228 75,754

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 35,420 41,161
Between one and five years 94,880 108,549
In more than five years 151,365 171,337
281,665 321,047

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adam Bexon MChem FCA (Senior Statutory Auditor)
for and on behalf of Harwoods

9. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £32,588 (2022 £29,273).
At the year end, £208 (2022 £nil) was payable to the pension scheme.