Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312truetrue2023-08-01falseActivities of professional membership organisations2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02815883 2023-08-01 2024-07-31 02815883 2022-08-01 2023-07-31 02815883 2024-07-31 02815883 2023-07-31 02815883 c:Director1 2023-08-01 2024-07-31 02815883 d:CurrentFinancialInstruments 2024-07-31 02815883 d:CurrentFinancialInstruments 2023-07-31 02815883 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 02815883 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 02815883 d:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 02815883 d:RetainedEarningsAccumulatedLosses 2024-07-31 02815883 d:RetainedEarningsAccumulatedLosses 2023-07-31 02815883 c:FRS102 2023-08-01 2024-07-31 02815883 c:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 02815883 c:FullAccounts 2023-08-01 2024-07-31 02815883 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 02815883 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 02815883









CONSUMER PROTECTION ASSOCIATION







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
CONSUMER PROTECTION ASSOCIATION
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CONSUMER PROTECTION ASSOCIATION
FOR THE YEAR ENDED 31 JULY 2024

In accordance with our engagement letter dated 21 August 2024 and in order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the Company for the year ended 31 July 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance/.


Respective responsibilities of Directors and accountants

You have acknowledged on the balance sheet for the year ended 31 July 2024  your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory requirement for an audit for the year.
 

This report is made solely to the Board of Directors of Consumer Protection Association, as a body, in accordance with the terms of our engagement letter  dated  21 August 2024Our work has been undertaken solely to prepare for your approval the financial statements of the Company and state those matters that we have agreed to state to the Board of Directors, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept nor assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.
 
We have not been instructed to carry out an audit or review of the financial statements of Consumer Protection Association. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.





Forvis Mazars LLP
 
Chartered Accountants
  
The Pinnacle
160 Midsummer Boulevard
Milton Keynes
MK9 1FF

17 February 2025
Page 1

 
CONSUMER PROTECTION ASSOCIATION
REGISTERED NUMBER: 02815883

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
75,215
45,881

Cash at bank and in hand
 5 
5,287
21,241

  
80,502
67,122

Creditors: amounts falling due within one year
 6 
(42,992)
(30,293)

Net current assets
  
 
 
37,510
 
 
36,829

Total assets less current liabilities
  
37,510
36,829

  

Net assets
  
37,510
36,829


Capital and reserves
  

Profit and loss account
  
37,510
36,829

  
37,510
36,829


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Jeremy Leslie Brett
Director

Date: 15 February 2025

The notes on pages 4 to 8 form part of these financial statements.
Page 2

 
CONSUMER PROTECTION ASSOCIATION
REGISTERED NUMBER: 02815883
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024


Page 3

 
CONSUMER PROTECTION ASSOCIATION
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Consumer Protection Association is a company limited by guarantee, registered and incorporated in England and Wales, company number 02827338 The registered office address is 11 North Bridge Street, Shefford, Bedfordshire, SG17 5DQ and the Company Number is 02815883. 
The principal activity of the company continued to be that of the provision of an association for its members in the home improvements industry.
The functional currency of the Company is Pounds Sterling as this is the currency of the primary economic environment in which the Company operates. Monetary amounts in these financial statements are rounded to the nearest £. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

These financial statements have been prepared on a going concern basis as the directors have not identified any material uncertainties or events that may cast significant doubt about the ability of the company to continue as a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
CONSUMER PROTECTION ASSOCIATION
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet 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.
 
Page 5

 
CONSUMER PROTECTION ASSOCIATION
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)


Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 

Page 6

 
CONSUMER PROTECTION ASSOCIATION
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Trade debtors
22,317
18,774

Amounts owed by related party
52,898
27,107

75,215
45,881


The amount owed by related party is interest free and has no fixed repayment terms. It is therefore deemed to be repayable on demand and included in debtors due within one year accordingly.


5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,287
21,241

5,287
21,241


Page 7

 
CONSUMER PROTECTION ASSOCIATION
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,594
2,495

Corporation tax
149
132

Other taxation and social security
16,172
25,324

Accruals and deferred income
22,077
2,342

42,992
30,293



7.


Company status


The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.



8.


Reserves

Profit and loss account

The profit and loss account represents cumulative profits and losses of the company.


9.


Related party transactions

The company was owed £52,898 (2023 - £27,107) from CPA Consumer Guard Limited, a company with directors in common. This amount is interest free with no fixed terms for repayment, therefore considered repayable within one year.
During the year the company paid management charges of £248,000 (2023 - £234,025) in respect of the use of office space and other administrative functions to C.P.A. Consumer Guard Limited.

 
Page 8