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SMALLER AUTHORITIES' AUDIT APPOINTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Smaller Authorities' Audit Appointments Limited is a private Company limited by guarantee incorporated in England and Wales with a registered office of Bloomsbury Building, Bloomsbury Way, London, WC1A 2SL.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The following principal accounting policies have been applied:
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SMALLER AUTHORITIES' AUDIT APPOINTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
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SMALLER AUTHORITIES' AUDIT APPOINTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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SMALLER AUTHORITIES' AUDIT APPOINTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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SMALLER AUTHORITIES' AUDIT APPOINTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Indemnity Reserve
General Reserve
Redistribution Reserve
Market Development Reserve
Projects Reserve
Procurement Reserve
Discontinuance Reserve
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SMALLER AUTHORITIES' AUDIT APPOINTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
The audit report was signed on
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