REGISTERED NUMBER: |
AUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
EUROPEAN MEDICAL WRITERS ASSOCIATION |
(A COMPANY LIMITED BY GUARANTEE) |
REGISTERED NUMBER: |
AUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
EUROPEAN MEDICAL WRITERS ASSOCIATION |
(A COMPANY LIMITED BY GUARANTEE) |
EUROPEAN MEDICAL WRITERS ASSOCIATION |
(A COMPANY LIMITED BY GUARANTEE) (REGISTERED NUMBER: 03653609) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
EUROPEAN MEDICAL WRITERS ASSOCIATION |
(A COMPANY LIMITED BY GUARANTEE) |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditors |
Chartered Accountants |
4th Floor Tuition House |
27/37 St George's Road |
Wimbledon |
London |
SW19 4EU |
EUROPEAN MEDICAL WRITERS ASSOCIATION |
(A COMPANY LIMITED BY GUARANTEE) (REGISTERED NUMBER: 03653609) |
BALANCE SHEET |
31 DECEMBER 2023 |
2023 | 2022 |
Notes | € | € |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
EUROPEAN MEDICAL WRITERS ASSOCIATION |
(A COMPANY LIMITED BY GUARANTEE) (REGISTERED NUMBER: 03653609) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
European Medical Writers Association (A Company Limited by Guarantee) is a |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The presentation currency of the financial statements is the Euro (€), which is also the functional currency of the company. Monetary amounts in the financial statements are rounded to the nearest Euro (€). |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable excluding discounts, rebates, Value added tax and other sales taxes. Income is recognised once the Association is entitled to the funds, it is probable that the funds will be received and the amount receivable can be measured reliably. |
Income from conferences, which are held twice each year, is recognised in the year in which the conference occurs. |
Membership fees are apportioned to allocate the income to the period to which they relate. |
Advertising income is recognised in the period in which the advert is placed. |
Financial instruments |
Cash at bank is measured at transaction price. |
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in administrative expenses. |
Taxation |
The company is regarded as a mutual trading association and is only liable to tax on income received other than from its members net of related expenses. |
The taxation charge for the year can comprise both current and deferred tax. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. There were no such timing differences affecting the tax charge for the current or previous year. |
Foreign currencies |
Assets and liabilities designated in currencies other than the presentational currency (the Euro) are recorded at the rates of exchange ruling at the balance sheet date. Transactions in other currencies are translated into Euros at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
EUROPEAN MEDICAL WRITERS ASSOCIATION |
(A COMPANY LIMITED BY GUARANTEE) (REGISTERED NUMBER: 03653609) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
€ | € |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
€ | € |
Trade creditors |
Other creditors |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |