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COMPANY REGISTRATION NUMBER: 07167859
National Infrastructure Planning Association
Company Limited by Guarantee
Filleted Unaudited Financial Statements
31 May 2024
National Infrastructure Planning Association
Company Limited by Guarantee
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
£
Current assets
Debtors
5
20,082
23,256
Cash at bank and in hand
218,431
185,631
--------
--------
238,513
208,887
Creditors: amounts falling due within one year
6
4,819
42,251
--------
--------
Net current assets
233,694
166,636
--------
--------
Total assets less current liabilities
233,694
166,636
--------
--------
Net assets
233,694
166,636
--------
--------
Capital and reserves
Profit and loss account
233,694
166,636
--------
--------
Members funds
233,694
166,636
--------
--------
These 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 statement of income and retained earnings has not been delivered.
For the year ending 31 May 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 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 financial statements .
These financial statements were approved by the board of directors and authorised for issue on 21 October 2024 , and are signed on behalf of the board by:
Mr M Humphries
Director
Company registration number: 07167859
National Infrastructure Planning Association
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 5-11 Mortimer Street, London, United Kingdom, W1T 3HS.
2. Statement of compliance
These 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
(a) 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.
(b) Revenue recognition
The turnover shown in the profit and loss account represents membership fees and income arising from events during the year.
(c) Taxation
The taxation expense represents the aggregate amount of current and deferred tax. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
(d) Financial instruments
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 entity after deducting all of its financial liabilities.
4. Company limited by guarantee
National Infrastructure Planning Association was incorporated on the 24th of February 2010 in England and Wales as a company limited by guarantee.
5. Debtors
2024
2023
£
£
Other debtors
20,082
23,256
-------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
33,919
Corporation tax
369
442
Other creditors
4,450
7,890
------
-------
4,819
42,251
------
-------