Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 00185617 Mr J M Quaife Mr D R Cranston Mr M D Tickle Mr M D Tickle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00185617 2022-12-31 00185617 2023-12-31 00185617 2023-01-01 2023-12-31 00185617 frs-core:CurrentFinancialInstruments 2023-12-31 00185617 frs-core:ComputerEquipment 2023-01-01 2023-12-31 00185617 frs-core:PlantMachinery 2023-12-31 00185617 frs-core:PlantMachinery 2023-01-01 2023-12-31 00185617 frs-core:PlantMachinery 2022-12-31 00185617 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 00185617 frs-bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 00185617 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 00185617 frs-bus:SmallEntities 2023-01-01 2023-12-31 00185617 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00185617 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 00185617 frs-core:ListedExchangeTraded 2023-12-31 00185617 frs-core:ListedExchangeTraded 2022-12-31 00185617 frs-core:CostValuation frs-core:ListedExchangeTraded 2022-12-31 00185617 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 00185617 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2022-12-31 00185617 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 00185617 frs-bus:Director1 2023-01-01 2023-12-31 00185617 frs-bus:Director2 2023-01-01 2023-12-31 00185617 frs-bus:Director3 2023-01-01 2023-12-31 00185617 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 00185617 frs-countries:EnglandWales 2023-01-01 2023-12-31 00185617 2021-12-31 00185617 2022-12-31 00185617 2022-01-01 2022-12-31 00185617 frs-core:CurrentFinancialInstruments 2022-12-31 00185617 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 00185617
Manufacturers' Agents' Association of Great Britain and Ireland (Incorporated)
Unaudited Financial Statements
For The Year Ended 31 December 2023
Mostons
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 00185617
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 142
Investments 5 5,811 5,811
5,811 5,953
CURRENT ASSETS
Debtors 6 1,535 672
Cash at bank and in hand 6,598 6,592
8,133 7,264
Creditors: Amounts Falling Due Within One Year 7 (10,217 ) (7,174 )
NET CURRENT ASSETS (LIABILITIES) (2,084 ) 90
TOTAL ASSETS LESS CURRENT LIABILITIES 3,727 6,043
NET ASSETS 3,727 6,043
Income and Expenditure Account 3,727 6,043
MEMBERS' FUNDS 3,727 6,043
Page 1
Page 2
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 M D Tickle
Director
18/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Manufacturers' Agents' Association of Great Britain and Ireland (Incorporated) is a private company, limited by guarantee, incorporated in England & Wales, registered number 00185617 . The registered office is Studio 5 Village House, 13-15 Swakeleys Road, Ickenham, Middx, UB10 8DF.
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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on Reducing Balance
Computer Equipment 20% on Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 January 2023 7,835
Disposals (7,835 )
Depreciation
As at 1 January 2023 7,693
Provided during the period 142
Disposals (7,835 )
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 142
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5. Investments
Listed
£
Cost
As at 1 January 2023 5,811
As at 31 December 2023 5,811
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 5,811
As at 1 January 2023 5,811
Market value of listed investments at 31 December 2023 £14,393 (2022: £14,740).
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 990 672
Other debtors 545 -
1,535 672
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 1,243
Benevolent Fund loan 5,660 5,000
Other creditors 3,450 -
Taxation and social security 1,107 931
10,217 7,174
8. 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.
Page 4