2 false false false false false false false false false false true false false true true true true true true true No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 669 446 222 668 1 223 xbrli:pure xbrli:shares iso4217:GBP 08434500 2023-03-01 2024-02-29 08434500 2024-02-29 08434500 2023-02-28 08434500 2022-03-01 2023-02-28 08434500 2023-02-28 08434500 2022-02-28 08434500 bus:Director11 2023-03-01 2024-02-29 08434500 core:WithinOneYear 2024-02-29 08434500 core:WithinOneYear 2023-02-28 08434500 core:RetainedEarningsAccumulatedLosses 2024-02-29 08434500 core:RetainedEarningsAccumulatedLosses 2023-02-28 08434500 bus:SmallEntities 2023-03-01 2024-02-29 08434500 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 08434500 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08434500 bus:CompanyLimitedByGuarantee 2023-03-01 2024-02-29 08434500 bus:FullAccounts 2023-03-01 2024-02-29 08434500 core:ComputerEquipment 2023-03-01 2024-02-29 08434500 core:ComputerEquipment 2024-02-29 08434500 core:ComputerEquipment 2023-02-28
COMPANY REGISTRATION NUMBER: 08434500
UK Coach Operators Association Limited
Company Limited by Guarantee
Filleted Unaudited Financial Statements
29 February 2024
UK Coach Operators Association Limited
Company Limited by Guarantee
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
1
223
Current assets
Debtors
7
35,301
12,265
Cash at bank and in hand
56,159
21,791
--------
--------
91,460
34,056
Creditors: amounts falling due within one year
8
56,254
10,922
--------
--------
Net current assets
35,206
23,134
--------
--------
Total assets less current liabilities
35,207
23,357
--------
--------
Capital and reserves
Profit and loss account
35,207
23,357
--------
--------
Members funds
35,207
23,357
--------
--------
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 income and retained earnings has not been delivered.
For the year ending 29 February 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 .
UK Coach Operators Association Limited
Company Limited by Guarantee
Statement of Financial Position (continued)
29 February 2024
These financial statements were approved by the board of directors and authorised for issue on 9 September 2024 , and are signed on behalf of the board by:
Mr P Rice
Director
Company registration number: 08434500
UK Coach Operators Association Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Little Owl Farm, Halebourne Lane, CHOBHAM, Surrey, GU24 8SL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Going concern
Having survived the difficulties derived from Covid 19 and related lockdowns, the Company's membership portfolio has remained intact and grown during the accounting period. Accordingly, the directors consider the Company remains a Going Concern and the accounts have, therefore, been prepared on this basis.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102 (part 1a). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) Disclosures in respect of share-based payments have not been presented. (d) No disclosure has been given for the aggregate remuneration of key management personnel.
Judgements and key sources of estimation uncertainty
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
33% straight line
4. Company limited by guarantee
The company has no share capital as it is a company limited by guarantee. Each member has a liability to contribute a sum not exceeding £1 in the event of the company being wound up.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
6. Tangible assets
Equipment
Total
£
£
Cost
At 1 March 2023 and 29 February 2024
669
669
----
----
Depreciation
At 1 March 2023
446
446
Charge for the year
222
222
----
----
At 29 February 2024
668
668
----
----
Carrying amount
At 29 February 2024
1
1
----
----
At 28 February 2023
223
223
----
----
7. Debtors
2024
2023
£
£
Trade debtors
19,396
6,271
Other debtors
15,905
5,994
--------
--------
35,301
12,265
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
56
1,821
Corporation tax
2,810
Social security and other taxes
3,526
862
Other creditors
2,200
2,216
Receipts in advance
47,662
6,023
--------
--------
56,254
10,922
--------
--------
9. Related party transactions
The company was under the control of all directors throughout the current and previous year. There were no related party transactions to report according to the provisions Section 1A of FRS102