COMPANY REGISTRATION NUMBER:
03276327
Civil Engineering Contractors Association |
|
Company Limited by Guarantee |
|
Filleted Financial Statements |
|
Civil Engineering Contractors Association |
|
Company Limited by Guarantee |
|
Statement of Financial Position |
|
31 December 2024
Current assets
Stocks |
5,029 |
5,815 |
Debtors |
6 |
20,563 |
55,877 |
Cash at bank and in hand |
129,247 |
101,654 |
|
--------- |
--------- |
|
154,839 |
163,346 |
|
|
|
|
Creditors: amounts falling due within one year |
7 |
39,631 |
72,545 |
|
--------- |
--------- |
Net current assets |
115,208 |
90,801 |
|
--------- |
-------- |
Total assets less current liabilities |
115,208 |
90,801 |
|
--------- |
-------- |
Net assets |
115,208 |
90,801 |
|
--------- |
-------- |
|
|
|
|
Capital and reserves
Profit and loss account |
115,208 |
90,801 |
|
--------- |
-------- |
Members funds |
115,208 |
90,801 |
|
--------- |
-------- |
|
|
|
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.
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.
These financial statements were approved by the
board of directors
and authorised for issue on
1 May 2025
, and are signed on behalf of the board by:
Alasdair Reisner |
Director |
|
Company registration number:
03276327
Civil Engineering Contractors Association |
|
Company Limited by Guarantee |
|
Notes to the Financial Statements |
|
Year ended 31 December 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 1 Birdcage Walk, London, SW1H 9JJ.
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
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Company limited by guarantee
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 as such amounts as may be required not exceeding £1.
5.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2023:
5
).
6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Trade debtors |
8,770 |
70 |
Other debtors |
11,793 |
55,807 |
|
-------- |
-------- |
|
20,563 |
55,877 |
|
-------- |
-------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Trade creditors |
8,142 |
5,557 |
Social security and other taxes |
24,489 |
23,866 |
Other creditors |
7,000 |
43,122 |
|
-------- |
-------- |
|
39,631 |
72,545 |
|
-------- |
-------- |
|
|
|
8.
Summary audit opinion
The auditor's report dated
1 May 2025
was
unqualified
.
The senior statutory auditor was
D P Bohorun FCCA (Senior Statutory Auditor)
, for and on behalf of
Bohorun & Co Ltd
.