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COMPANY REGISTRATION NUMBER: 02780418
The Single Ply Roofing Association
Company Limited by Guarantee
Filleted Unaudited Abridged Financial Statements
31 December 2023
The Single Ply Roofing Association
Company Limited by Guarantee
Abridged Financial Statements
Year Ended 31 December 2023
Contents
Pages
Abridged statement of financial position
1 to 2
Notes to the abridged financial statements
3 to 4
The Single Ply Roofing Association
Company Limited by Guarantee
Abridged Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed Assets
Tangible assets
5
548
1,220
Current Assets
Debtors
20,517
16,903
Cash at bank and in hand
136,528
130,005
---------
---------
157,045
146,908
Creditors: amounts falling due within one year
19,742
28,002
---------
---------
Net Current Assets
137,303
118,906
---------
---------
Total Assets Less Current Liabilities
137,851
120,126
---------
---------
Net Assets
137,851
120,126
---------
---------
Capital and Reserves
Profit and loss account
137,851
120,126
---------
---------
Members Funds
137,851
120,126
---------
---------
These abridged 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 abridged statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged 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 abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.
The Single Ply Roofing Association
Company Limited by Guarantee
Abridged Statement of Financial Position (continued)
31 December 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 18 September 2024 , and are signed on behalf of the board by:
M J B Holloway
Director
Company registration number: 02780418
The Single Ply Roofing Association
Company Limited by Guarantee
Notes to the Abridged Financial Statements
Year Ended 31 December 2023
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Roofing House, 31 Worship Street, London, EC2A 2DY. The company's place of business is Unit 26 Coney Green Business Centre, Wingfield View, Clay Cross, Derbyshire S45 9JW.
2. Statement of compliance
These abridged 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. The financial statements are prepared in sterling, which is the functional currency of the entity. All of the members have consented to the preparation of abridged accounts in accordance with Section 444(2A) of the Companies Act 2006.
Revenue recognition
Turnover in the accounts represents amounts received for goods and services net of VAT and trade discounts.
Income tax
The taxation expense represents current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
Plant and machinery
-
25% reducing balance
Computer equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4. Company limited by guarantee
The Single Ply Roofing Association is a private company limited by guarantee.
5. Tangible assets
£
Cost
At 1 January 2023
15,349
Disposals
( 1,625)
--------
At 31 December 2023
13,724
--------
Depreciation
At 1 January 2023
14,129
Charge for the year
295
Disposals
( 1,248)
--------
At 31 December 2023
13,176
--------
Carrying amount
At 31 December 2023
548
--------
At 31 December 2022
1,220
--------