Company registration number:
06594851
Stove Industry Alliance Limited
Company limited by guarantee
Unaudited filleted financial statements
30 June 2024
Stove Industry Alliance Limited
Company limited by guarantee
Contents
Statement of financial position
Notes to the financial statements
Stove Industry Alliance Limited
Company limited by guarantee
Statement of financial position
30th June 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Debtors |
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5 |
19,521 |
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11,140 |
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Cash at bank and in hand |
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54,310 |
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139,896 |
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_______ |
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_______ |
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73,831 |
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151,036 |
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Creditors: amounts falling due |
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within one year |
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6 |
(
2,543) |
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(
31,155) |
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_______ |
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_______ |
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Net current assets |
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71,288 |
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119,881 |
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_______ |
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_______ |
Total assets less current liabilities |
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71,288 |
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119,881 |
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_______ |
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_______ |
Net assets |
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71,288 |
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119,881 |
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_______ |
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_______ |
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Capital and reserves |
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Profit and loss account |
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71,288 |
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119,881 |
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_______ |
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_______ |
Members funds |
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71,288 |
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119,881 |
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_______ |
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_______ |
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For the year ending 30 June 2024 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
28 August 2024
, and are signed on behalf of the board by:
A R Hill
Director
Company registration number:
06594851
Stove Industry Alliance Limited
Company limited by guarantee
Notes to the financial statements
Year ended 30th June 2024
1.
General information
The company is a private company limited by guarantee, registered in England & Wales. The address of the registered office is 6 Marsh Parade, Newcastle Under Lyme, Staffordshire, ST5 1DU.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for membership fees along with any disbursements recharged, net of discounts and Value Added Tax.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Limited by guarantee
Stove Industry Alliance Limited is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute £1 to the assets of the company in the event of it being wound up while he is a member or within one year, after he ceases to be a member.
5.
Debtors
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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17,706 |
3,440 |
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Other debtors |
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1,815 |
7,700 |
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_______ |
_______ |
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19,521 |
11,140 |
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_______ |
_______ |
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6.
Creditors: amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Trade creditors |
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108 |
30,480 |
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Social security and other taxes |
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1,760 |
- |
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Other creditors |
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675 |
675 |
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_______ |
_______ |
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2,543 |
31,155 |
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_______ |
_______ |
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