Caseware UK (AP4) 2023.0.135 2023.0.135 falsetrue2023-01-01falsefalseNo description of principal activity11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. NI069378 2023-01-01 2023-12-31 NI069378 2022-01-01 2022-12-31 NI069378 2023-12-31 NI069378 2022-12-31 NI069378 c:Director1 2023-01-01 2023-12-31 NI069378 d:CurrentFinancialInstruments 2023-12-31 NI069378 d:CurrentFinancialInstruments 2022-12-31 NI069378 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 NI069378 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 NI069378 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 NI069378 d:RetainedEarningsAccumulatedLosses 2023-12-31 NI069378 d:RetainedEarningsAccumulatedLosses 2022-12-31 NI069378 c:FRS102 2023-01-01 2023-12-31 NI069378 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 NI069378 c:FullAccounts 2023-01-01 2023-12-31 NI069378 c:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 NI069378 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: NI069378










N.I. Polymers Association Ltd
(A company limited by guarantee)








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2023

 
N.I. Polymers Association Ltd
  
(A company limited by guarantee)
Registered number:NI069378

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 6 
135
-

Cash at bank and in hand
 7 
34,588
36,516

  
34,723
36,516

Creditors: amounts falling due within one year
 8 
(1,735)
(2,159)

Net current assets
  
 
 
32,988
 
 
34,357

Total assets less current liabilities
  
32,988
34,357

  

Net assets
  
32,988
34,357


Capital and reserves
  

Profit and loss account
 9 
32,988
34,357

  
32,988
34,357


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 August 2024.




Mr Richard J Bovill
Director

The notes on pages 2 to 4 form part of these financial statements.

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Page 1

 
N.I. Polymers Association Ltd
 
(A company limited by guarantee)
 
 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

N.I. Polymers Association Ltd is a private company limited by guarantee incorporated in Northern Ireland. The registration number and address of the registered office are given in the company information section of these financial statements. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

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Page 2

 
N.I. Polymers Association Ltd
 
(A company limited by guarantee)
 

Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Going concern

The Directors of N.I. Polymers Association Ltd have reviewed the appropriateness of the going concern assumption and consider that the company has sufficient resources to continue as a trading entity for the foreseeable future.


4.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the process of applying the company’s accounting policies, management has not made any significant judgements. There are no key assumptions concerning the future or other key sources of estimation, that have significant risk of raising a material adjustment to the carrying amounts of assets and liabilities within the financial year.  


5.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

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Page 3

 
N.I. Polymers Association Ltd
 
(A company limited by guarantee)
 
 
Notes to the financial statements
For the year ended 31 December 2023

6.


Debtors

2023
2022
£
£


Other debtors
135
-

135
-



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
34,588
36,516

34,588
36,516



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
-
509

Accruals and deferred income
1,735
1,650

1,735
2,159



9.


Reserves

Profit and loss account

This balance includes all prior and current periods retained profits and losses.



10.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.


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Page 4