Wheelchair Accessible Vehicle Converters' Association 08398523 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is wheelchair accessible vehicle conversions. Digita Accounts Production Advanced 6.30.9574.0 true true 08398523 2023-03-01 2024-02-29 08398523 2024-02-29 08398523 core:RetainedEarningsAccumulatedLosses 2024-02-29 08398523 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 08398523 bus:SmallEntities 2023-03-01 2024-02-29 08398523 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 08398523 bus:FilletedAccounts 2023-03-01 2024-02-29 08398523 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08398523 bus:RegisteredOffice 2023-03-01 2024-02-29 08398523 bus:CompanySecretaryDirector1 2023-03-01 2024-02-29 08398523 bus:Director10 2023-03-01 2024-02-29 08398523 bus:Director12 2023-03-01 2024-02-29 08398523 bus:Director2 2023-03-01 2024-02-29 08398523 bus:Director4 2023-03-01 2024-02-29 08398523 bus:Director5 2023-03-01 2024-02-29 08398523 bus:Director8 2023-03-01 2024-02-29 08398523 bus:CompanyLimitedByGuarantee 2023-03-01 2024-02-29 08398523 countries:EnglandWales 2023-03-01 2024-02-29 08398523 2022-03-01 2023-02-28 08398523 2023-02-28 08398523 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 08398523

Wheelchair Accessible Vehicle Converters' Association

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Wheelchair Accessible Vehicle Converters' Association

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Wheelchair Accessible Vehicle Converters' Association

Company Information

Directors

Mr. CJ McElmeel

Mr I Newton

Mr NA Brice

Mr PE Facenna

Mr P Hind

Mr J S Pearson

Mr DAW Vooght

Company secretary

Mr P Hind

Registered office

11 Yeo Business Park
Axehayes Farm Clyst St Mary
Exeter
Devon
EX5 1DP

Accountants

M.J. Smith & Co Limited
Chartered Accountants
11 Yeo Business Park
Axehayes Farm Clyst St Mary
Exeter
Devon
EX5 1DP

 

Wheelchair Accessible Vehicle Converters' Association

(Registration number: 08398523)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

26,472

94,515

Cash at bank and in hand

 

141,069

64,584

 

167,541

159,099

Creditors: Amounts falling due within one year

5

(14,274)

(17,356)

Net assets

 

153,267

141,743

capital and reserves

 

Profit and loss account

153,267

141,743

Total equity

 

153,267

141,743

For the financial year ending 29 February 2024 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 September 2024 and signed on its behalf by:
 

.........................................
Mr PE Facenna
Director

 

Wheelchair Accessible Vehicle Converters' Association

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.

The address of its registered office is:
11 Yeo Business Park
Axehayes Farm Clyst St Mary
Exeter
Devon
EX5 1DP
United Kingdom

These financial statements were authorised for issue by the Board on 9 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
 

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition


Turnover comprises the total contribution of members annual subscriptions. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Wheelchair Accessible Vehicle Converters' Association

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Trade debtors

Trade debtors are amounts due from members for subscriptions.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 8).

4

Debtors

Current

2024
£

2023
£

Trade debtors

2,472

66,515

Other debtors

24,000

28,000

 

26,472

94,515

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

9,054

9,541

Accruals and deferred income

5,220

7,815

14,274

17,356