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Company registration number: 01762448
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FOR THE YEAR ENDED
31 DECEMBER 2024
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UK CERTIFICATION AUTHORITY FOR REINFORCING STEELS
(A Company Limited by Guarantee)
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UK CERTIFICATION AUTHORITY FOR REINFORCING STEELS
(A Company Limited by Guarantee)
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CONTENTS
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Statement of financial position
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Notes to the financial statements
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UK CERTIFICATION AUTHORITY FOR REINFORCING STEELS
(A Company Limited by Guarantee)
REGISTERED NUMBER:01762448
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STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Provisions for liabilities
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UK CERTIFICATION AUTHORITY FOR REINFORCING STEELS
(A Company Limited by Guarantee)
REGISTERED NUMBER:01762448
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STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024
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 CARES 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:
................................................
L Brankley
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The notes on pages 3 to 8 form part of these financial statements.
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UK CERTIFICATION AUTHORITY FOR REINFORCING STEELS
(A Company Limited by Guarantee)
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
UK Certification Authority of Reinforcing Steels is a private company limited by guarantee without share capital, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The Authority's registered office is stated on the authority information page, with the principal place of business being the same as the registered office.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
Turnover, which excludes value added tax and trade discounts, represents the invoiced value of product certification activities and, where appropriate, quality systems certification and product approvals.
Turnover is recognised on the basis of when services are provided and is therefore accrued or deferred as required.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful lives range as follows:
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UK CERTIFICATION AUTHORITY FOR REINFORCING STEELS
(A Company Limited by Guarantee)
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
All fixed assets are stated at historic purchase cost less accumulated depreciation. Asset purchases that are below £5,000 are not capitalised.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Freehold land is not depreciated. The directors are aware that the current market value of the freehold land and building exceed the historical book value.
The Authority operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Authority in an independently administered fund.
Any outstanding or prepaid contributions at the balance sheet date are included in creditors or debtors respectively.
The Authority invoices all sales in sterling. Any foreign currency receipts are immediately converted to sterling and any exchange differences are taken to the Statement of Income and Retained Earning at the time of conversion.
The Authority, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.
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UK CERTIFICATION AUTHORITY FOR REINFORCING STEELS
(A Company Limited by Guarantee)
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Charge for the year on owned assets
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UK CERTIFICATION AUTHORITY FOR REINFORCING STEELS
(A Company Limited by Guarantee)
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Charge for the year on owned assets
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Investments in subsidiary companies
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UK CERTIFICATION AUTHORITY FOR REINFORCING STEELS
(A Company Limited by Guarantee)
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Amounts owed by group undertakings
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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Company limited by guarantee
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The Authority is limited by a guarantee of up to £1 for each of its members.
In the opinion of the the directors, the members of the company, by acting in concert, ultimately control the company.
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UK CERTIFICATION AUTHORITY FOR REINFORCING STEELS
(A Company Limited by Guarantee)
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Commitments under operating leases
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At 31 December 2024 the Authority had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
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Later than 1 year and not later than 5 years
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The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.
The audit report was signed on 15 May 2025 by Tom Woods FCA (Senior statutory auditor) on behalf of Menzies LLP.
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