Registered number
06318959
Essex Construction Training Association
Filleted Accounts
31 December 2024
Essex Construction Training Association
Registered number: 06318959
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,117 819
Current assets
Debtors 4 24,663 50,809
Cash at bank and in hand 47,219 36,169
71,882 86,978
Creditors: amounts falling due within one year 5 (21,492) (32,232)
Net current assets 50,390 54,746
Net assets 51,507 55,565
Capital and reserves
Surplus and deficit account 51,507 55,565
Shareholders' funds 51,507 55,565
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The surplus and deficit account has not been delivered to the Registrar of Companies.
S Ewers
Director
Approved by the board on 28 February 2025
Essex Construction Training Association
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
The company has obtained exemption from H M Revenue & Customs in respect of corporation tax, it being a company not carrying on a business for the purpose of making a profit. Corporation tax is payable on any interest income received in excess of £100.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Government grants
Governments grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Office equipment etc
£
Cost
At 1 January 2024 924
Additions 529
At 31 December 2024 1,453
Depreciation
At 1 January 2024 105
Charge for the year 231
At 31 December 2024 336
Net book value
At 31 December 2024 1,117
At 31 December 2023 819
4 Debtors 2024 2023
£ £
Trade debtors 23,593 50,606
Other debtors 1,070 203
24,663 50,809
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,241 7,771
Taxation and social security costs 2,357 9,221
Other creditors 15,894 15,240
21,492 32,232
6 Related party transactions
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 £10.
7 Other information
Essex Construction Training Association is a private company limited by shares and incorporated in England. Its registered office is:
8 Blue Barns Business Park
Old Ipswich Road, Ardleigh
Colchester
Essex
CO7 7FX
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