Cardiff and Bristol Channel Incorporated Shipowners' Association

	Page
Balance Sheet	1
Notes to the Financial Statements	2

Registered number: 00019654

		2023		2022
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	959		354
Cash at bank and in hand		15,374		16,319

		16,333		16,673
Creditors: Amounts Falling Due Within One Year	5	(230 )		(230 )

NET CURRENT ASSETS (LIABILITIES)			16,103		16,443

TOTAL ASSETS LESS CURRENT LIABILITIES			16,103		16,443

NET ASSETS			16,103		16,443

Income and Expenditure Account			16,103		16,443

MEMBERS' FUNDS			16,103		16,443

For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mr Christopher Davies

Director

13/09/2024

The notes on page 2 form part of these financial statements.

1. General Information

Cardiff and Bristol Channel Incorporated Shipowners' Association is a private company, limited by guarantee, incorporated in England & Wales, registered number 00019654 . The registered office is 1 Caspian Point, Caspian Way, Cardiff, CF10 4DQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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

Turnover represents amounts derived from the provision of services which fall within the company's ordinary activities. The turnover and pre-tax profits, all of which arises in the United Kingdom, is attributable to one activity. Revenue is recognised evenly over the period to which it relates.

2.3. Other operating income

Other operating income represents amounts derived from the subscriptions which fall within the company's ordinary activities after deduction of trade discounts. It arises in the United Kingdom and is attributable to the company's principal activity

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2022: NIL)

4. Debtors

	2023	2022
	£	£
Due within one year
Levy account	959	354

5. Creditors: Amounts Falling Due Within One Year

	2023	2022
	£	£
Accruals and deferred income	230	230

6. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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