Registered number
05689982
British Hydropower Association Limited
Filleted Accounts
31 December 2023
British Hydropower Association Limited
Registered number: 05689982
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 4 - 22
Tangible assets 3 536 702
536 724
Current assets
Debtors 4 80,403 45,671
Cash at bank and in hand 277,724 358,576
358,127 404,247
Creditors: amounts falling due within one year 5 (74,288) (61,805)
Net current assets 283,839 342,442
Total assets less current liabilities 284,375 343,166
Net assets 284,375 343,166
Reserves
Income and expenditure account 284,375 343,166
284,375 343,166
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The income and expenditure account has not been delivered to the Registrar of Companies.
Mrs K Gilmartin
Chief Executive Officer
Director
Approved by the board on 18 September 2024
British Hydropower Association Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
4 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 8,274
Additions -
Disposals -
At 31 December 2023 8,274
Amortisation
At 1 January 2023 8,252
Provided during the year 22
On disposals -
At 31 December 2023 8,274
Net book value
At 31 December 2023 -
At 31 December 2022 22
3 Tangible fixed assets
Plant and machinery etc Total
£ £
Cost
At 1 January 2023 9,947 9,947
Additions - -
Surplus on revaluation - -
Disposals - -
At 31 December 2023 9,947 9,947
Depreciation
At 1 January 2023 9,245 9,245
Charge for the year 166 166
Surplus on revaluation - -
On disposals - -
At 31 December 2023 9,411 9,411
Net book value
At 31 December 2023 536 536
At 31 December 2022 702 702
4 Debtors 2023 2022
£ £
Trade debtors 80,327 45,595
Other debtors 76 76
80,403 45,671
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 740 800
Taxation and social security costs 7,481 6,435
Other creditors 66,067 54,570
74,288 61,805
6 Other information
British Hydropower Association Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
3 Shaftesbury Close
West Moors
Ferndown
Dorset
BH22 0DZ
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