Company Registration No. 05289002 (England and Wales)
The Association of Noise Consultants
A Company Limited by Guarantee
Unaudited financial statements
for the year ended 31 December 2023
Pages for filing with the registrar
The Association of Noise Consultants
A Company Limited by Guarantee
Company information
Directors
James Richardson
Robert Adnitt
Louise Beamish
Ismail Alli-Balogun
Heulwen Peters
David Watts
Derek Nash
Victoria Wills
Company number
05289002
Registered office
19 Omega Business Village
Thurston Road
Northallerton
DL6 2NJ
Accountants
Saffery LLP
St John's Court
Easton Street
High Wycombe
HP11 1JX
Business address
19 Omega Business Village
Thurston Road
Northallerton
DL6 2NJ
The Association of Noise Consultants
A Company Limited by Guarantee
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
The Association of Noise Consultants
A Company Limited by Guarantee
Statement of financial position
As at 31 December 2023
31 December 2023
1
2023
2022
Notes
£
£
£
£
Current assets
Stocks
993
1,401
Debtors
3
37,732
39,280
Cash at bank and in hand
161,814
201,517
200,539
242,198
Creditors: amounts falling due within one year
4
(30,393)
(50,497)
Net current assets
170,146
191,701
Reserves
Income and expenditure account
170,146
191,701

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

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

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 9 September 2024 and are signed on its behalf by:
Robert Adnitt
Director
Company Registration No. 05289002
The Association of Noise Consultants
A Company Limited by Guarantee
Notes to the financial statements
For the year ended 31 December 2023
2
1
Accounting policies
Company information

The Association of Noise Consultants is a private company limited by guarantee incorporated in England and Wales. The registered office is 19 Omega Business Village, Thurston Road, Northallerton, DL6 2NJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due, and are shown net of VAT.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

The Association of Noise Consultants
A Company Limited by Guarantee
Notes to the financial statements (continued)
For the year ended 31 December 2023
1
Accounting policies (continued)
3
Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

 

Deferred tax

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
25,674
22,997
Other debtors
12,058
16,283
37,732
39,280
The Association of Noise Consultants
A Company Limited by Guarantee
Notes to the financial statements (continued)
For the year ended 31 December 2023
4
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
16,479
43,215
Other creditors
13,914
7,282
30,393
50,497
5
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

6
Related party transactions

The balance due from SITRI at 31 December 2023 was £nil (2022 - £2,108).

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