REGISTERED NUMBER:
|
|
|
|
|
|
|
British Aikido Association |
|
Financial Statements |
|
for the Year Ended 31 December 2020 |
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
British Aikido Association |
|
Financial Statements |
|
for the Year Ended 31 December 2020 |
|
|
|
|
|
British Aikido Association (Registered number: 07973741) |
|
Contents of the Financial Statements |
for the year ended 31 December 2020 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
British Aikido Association |
|
|
Company Information |
for the year ended 31 December 2020 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
33 George Street |
Wakefield |
West Yorkshire |
WF1 1LX |
British Aikido Association (Registered number: 07973741) |
|
|
Balance Sheet |
31 December 2020 |
|
2020 | 2019 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
|
|
Debtors | 4 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 5 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
RESERVES |
Retained earnings |
|
|
|
|
|
|
|
|
|
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
British Aikido Association (Registered number: 07973741) |
|
|
Balance Sheet - continued |
31 December 2020 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors and authorised for issue on
|
|
|
|
|
|
|
|
British Aikido Association (Registered number: 07973741) |
|
|
Notes to the Financial Statements |
for the year ended 31 December 2020 |
|
|
1. | STATUTORY INFORMATION |
|
British Aikido Association is a
|
|
The company's functional and presentation currency is the pound sterling £. All financial information presented has been rounded to the nearest £, unless otherwise stated. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Going concern - Coronavirus Pandemic |
The Directors have considered the risks and uncertainties arising from the coronavirus pandemic which began to take effect on a global scale from February 2020 onwards. They have taken account in particular of the circumstances of the company's typical customer base, newly introduced improvements to operational procedures, Government financial support including the Coronavirus Job Retention Scheme and the Coronavirus Business Interruption Loan Scheme and the company's own cash resources so the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and, therefore, continue to adopt the going concern basis in preparing these financial statements. |
|
Turnover |
Turnover represents amounts receivable in respect of income from registered clubs and members from the participation in the activities of the Association. |
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Other debtors |
|
|
Prepayments and accrued income |
|
|
|
|
British Aikido Association (Registered number: 07973741) |
|
|
Notes to the Financial Statements - continued |
for the year ended 31 December 2020 |
|
|
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
|
|
Tax |
|
|
Accruals and deferred income |
|
|
|
|