| Registered number |
| Registered number: | |||||||
| Balance Sheet | |||||||
| as at |
|||||||
| Notes | 2024 | 2023 | |||||
| £ | £ | ||||||
| Fixed assets | |||||||
| Tangible assets | 3 | ||||||
| Current assets | |||||||
| Debtors | 4 | ||||||
| Cash at bank and in hand | |||||||
| Creditors: amounts falling due within one year | 5 | ( |
( |
||||
| Net current assets | |||||||
| Net assets | |||||||
| Capital and reserves | |||||||
| Income and Expenditure Account | |||||||
| Members' funds | |||||||
| P Harvey | |||||||
| Director | |||||||
| Approved by the board on |
|||||||
| Notes to the Accounts | ||||||||
| for the year ended |
||||||||
| 1 | Accounting policies | |||||||
| Basis of preparation | ||||||||
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. |
||||||||
| Going concern | ||||||||
| The Directors have considered the impact of the Coronavirus and measures taken in the UK. The company has some cash reserves and is managing expenditure carefully. Having made enquiries, the Directors have concluded that there is a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the date of signing of these financial statements. The company therefore continues to adopt the going concern basis in preparing its financial statements. | ||||||||
| Income and expenditure | ||||||||
Expenses include VAT where applicable as the company cannot reclaim it. |
||||||||
| Tangible fixed assets | ||||||||
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: |
||||||||
| Fixtures and equipment | 3 years Straight line | |||||||
| Debtors | ||||||||
| Creditors | ||||||||
| 2 | Employees | 2024 | 2023 | |||||
| Number | Number | |||||||
| Average number of persons employed by the company | ||||||||
| 3 | Tangible fixed assets | |||||||
| Equipment | ||||||||
| £ | ||||||||
| Cost | ||||||||
| At 1 December 2023 | ||||||||
| Additions | ||||||||
| At 30 November 2024 | ||||||||
| Depreciation | ||||||||
| At 1 December 2023 | ||||||||
| Charge for the year | ||||||||
| At 30 November 2024 | ||||||||
| Net book value | ||||||||
| At 30 November 2024 | ||||||||
| At 30 November 2023 | ||||||||
| 4 | Debtors | 2024 | 2023 | |||||
| £ | £ | |||||||
| Trade debtors | ||||||||
| Other debtors | ||||||||
| 5 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
| £ | £ | |||||||
| Trade creditors | ||||||||
| Taxation and social security costs | ||||||||
| Other creditors | ||||||||
| 6 | Company information | |||||||
| The Motor Schools Association of Great Britain Ltd is a private company limited by guarantee and incorporated in England. Its registered office is: Peershaws Bures Road, White Colne, Colchester, England, CO6 2QB. | ||||||||