Registration number:
Air Tightness Testing & Measurement Association
for the Year Ended 31 December 2017
Air Tightness Testing & Measurement Association
Contents
Balance Sheet |
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Notes to the Financial Statements |
Air Tightness Testing & Measurement Association
(Registration number: 07885199)
Balance Sheet as at 31 December 2017
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2017 |
2016 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Profit and loss account |
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For the financial year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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 accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Director
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Air Tightness Testing & Measurement Association
Notes to the Financial Statements for the Year Ended 31 December 2017
General information |
The company is a private company limited by guarantee and is registered in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
Depreciation
Depreciation is charged on tangible fixed assets to write off the cost or valuation less any estimated residual value over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Office equipment |
Straight line over three years |
Technical equipment |
Straight line over three years |
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Defined contribution pension obligation
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Air Tightness Testing & Measurement Association
Notes to the Financial Statements for the Year Ended 31 December 2017
Tangible assets |
Office equipment |
Technical equipment |
Total |
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Cost |
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At 1 January 2017 |
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Additions |
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At 31 December 2017 |
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Depreciation |
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At 1 January 2017 |
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Charge for the year |
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At 31 December 2017 |
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Net book value |
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At 31 December 2017 |
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At 31 December 2016 |
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Debtors |
2017 |
2016 |
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Trade debtors |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2017 |
2016 |
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Trade creditors |
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Corporation tax |
10,715 |
7,984 |
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Taxation and social security |
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Other creditors |
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Company status |
The company is a private company limited by guarantee and consequently does not have share capital.
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