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COMPANY REGISTRATION NUMBER: 04189375
N.P.T.A. Limited
Company Limited by Guarantee
Filleted Unaudited Abridged Financial Statements
31 March 2025
N.P.T.A. Limited
Company Limited by Guarantee
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
6
189,536
186,892
Current assets
Debtors
7
5,893
3,078
Cash at bank and in hand
434,258
436,704
---------
---------
440,151
439,782
Creditors: amounts falling due within one year
8
31,627
31,979
---------
---------
Net current assets
408,524
407,803
---------
---------
Total assets less current liabilities
598,060
594,695
---------
---------
Capital and reserves
Other reserves
99,779
99,779
Profit and loss account
498,281
494,916
---------
---------
Members funds
598,060
594,695
---------
---------
These abridged 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 abridged statement of comprehensive income has not been delivered.
For the year ending 31 March 2025 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 abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of comprehensive income for the year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.
N.P.T.A. Limited
Company Limited by Guarantee
Statement of Financial Position (continued)
31 March 2025
These abridged financial statements were approved by the board of directors and authorised for issue on 16 July 2025 , and are signed on behalf of the board by:
Mr J A Davison
Director
Company registration number: 04189375
N.P.T.A. Limited
Company Limited by Guarantee
Notes to the Abridged Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is NPTA House Eastwood Link Office Park, 12 Farrington Way, Eastwood, Nottinghamshire, NG16 3BF.
2. Statement of compliance
These abridged 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. The financial statements are prepared in sterling, which is the functional currency of the entity. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable surplus for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 2% straight line
Fixtures and fittings - 25% straight line
Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity 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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Company limited by guarantee
The company is limited by guarantee and therefore does not have any share capital. In the event of the company going into liquidation, each member of the company is liable to contribute not more than £1. At 31 March 2025 the company had 1010 (2024: 992 members).
5. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2024: 4 ).
6. Tangible assets
Freehold property
Fixtures and fittings
Total
£
£
£
Cost
At 1 April 2024
184,399
65,109
249,508
Additions
3,765
3,765
---------
--------
---------
At 31 March 2025
184,399
68,874
253,273
---------
--------
---------
Depreciation
At 1 April 2024
62,616
62,616
Charge for the year
1,121
1,121
---------
--------
---------
At 31 March 2025
63,737
63,737
---------
--------
---------
Carrying amount
At 31 March 2025
184,399
5,137
189,536
---------
--------
---------
At 31 March 2024
184,399
2,493
186,892
---------
--------
---------
Comparing similar properties in both location and size, the directors consider the property's value has not only endured but likely surpassed its original acquisition cost. Consequently its value last year was increased by the amount of accumulated depreciation previously accounted.
7. Debtors
2025
2024
£
£
Other debtors
5,893
3,078
-------
-------
8. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,939
2,891
Corporation tax
1,093
969
Social security and other taxes
2,403
6,635
Other creditors
26,192
21,484
--------
--------
31,627
31,979
--------
--------
9. Other reserves
The other reserves is the accumulated surplus of the National Pest Technicians Association which N.P.T.A. acquired from its members on 1 April 2011 following incorporation.