Company registration number:
00880556
The Polymer Machinery Manufacturers and Distributors
Association Limited
Company limited by guarantee
Financial statements
30 September 2024
The Polymer Machinery Manufacturers and Distributors
Association Limited
Company limited by guarantee
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
The Polymer Machinery Manufacturers and Distributors
Association Limited
Company limited by guarantee
Statement of financial position
30th September 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Debtors |
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5 |
360 |
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1,042 |
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Cash at bank and in hand |
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59,968 |
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53,967 |
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_______ |
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_______ |
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60,328 |
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55,009 |
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Creditors: amounts falling due |
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within one year |
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6 |
(
4,631) |
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(
5,131) |
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_______ |
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_______ |
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Net current assets |
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55,697 |
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49,878 |
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_______ |
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_______ |
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Total assets less current liabilities |
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55,697 |
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49,878 |
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_______ |
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_______ |
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Net assets |
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55,697 |
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49,878 |
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_______ |
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_______ |
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Capital and reserves |
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Profit and loss account |
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55,697 |
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49,878 |
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_______ |
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_______ |
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Members funds |
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55,697 |
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49,878 |
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_______ |
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_______ |
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For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
26 February 2025
, and are signed on behalf of the board by:
D Raine
Director
Company registration number:
00880556
The Polymer Machinery Manufacturers and Distributors
Association Limited
Company limited by guarantee
Statement of changes in equity
Year ended 30th September 2024
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Profit and loss account |
Total |
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£ |
£ |
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At 1st October 2022 |
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45,785 |
45,785 |
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Profit for the year |
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4,093 |
4,093 |
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_______ |
_______ |
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Total comprehensive income for the year |
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4,093 |
4,093 |
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_______ |
_______ |
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At 30th September 2023 and 1st October 2023 |
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49,878 |
49,878 |
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Profit for the year |
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5,819 |
5,819 |
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_______ |
_______ |
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Total comprehensive income for the year |
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5,819 |
5,819 |
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_______ |
_______ |
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At 30th September 2024 |
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55,697 |
55,697 |
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_______ |
_______ |
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The Polymer Machinery Manufacturers and Distributors
Association Limited
Company limited by guarantee
Notes to the financial statements
Year ended 30th September 2024
1.
General information
The company is a private company limited by guarantee, registered in England. The address of the registered office is 6 The Terrace, Rugby Road, Lutterworth, Leicestershire, LE17 4BW.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turover represents income from membership fees and events and courses held for the benefit of the members.
Taxation
No corporation tax arises as income is not derived from commercial trading activities and the company has no investment income or chargeable gains.
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.
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 or 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.
Limited by guarantee
The maximum number of members permitted by the Articles of Association is 100. In the event of winding up, each member is liable to contribute a sum not exceeding the current annual membership fee, if required, to the assets of the Association.
5.
Debtors
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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360 |
1,042 |
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_______ |
_______ |
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6.
Creditors: amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Other creditors |
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4,631 |
5,131 |
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_______ |
_______ |
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