BIEA British International Education Association Ltd (a company limited by guarantee)
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Registered number: |
11223545
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Balance Sheet |
as at 28 February 2019
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Notes |
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2019 |
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£ |
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Current assets |
Cash at bank and in hand |
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44,754 |
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Creditors: amounts falling due within one year |
2 |
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(53,891) |
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Net current liabilities |
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(9,137) |
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Net liabilities |
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(9,137) |
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Capital and reserves |
Profit and loss account |
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(9,137) |
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Shareholder's funds |
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(9,137) |
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
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Mr Brendan J Wignall |
Director |
Approved by the board on 18 November 2019
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BIEA British International Education Association Ltd (a company limited by guarantee)
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Notes to the Accounts |
for the year ended 28 February 2019
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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Grants Received |
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Grants Received are accounted for on the accruals basis. Income received in advance is carried forward in the accounts as deferred income.
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
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Freehold buildings |
over 50 years |
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Leasehold land and buildings |
over the lease term |
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Plant and machinery |
over 5 years |
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Fixtures, fittings, tools and equipment |
over 5 years |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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2 |
Creditors: amounts falling due within one year |
2019 |
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£ |
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Other creditors |
53,891 |
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3 |
Guarantee |
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The company is limited by guarantee and does not have a share capital. Each member's guarantee is limited to £1.
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4 |
Other information |
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BIEA British International Education Association Ltd (a company limited by guarantee) is a private company limited by guarantee and incorporated in England. Its registered office is: |
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The Granville |
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140 Carlton Vale |
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Carlton Vale |
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London |
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NW6 5HE |