Company Registration No. 00015230 (England and Wales)
CHESHIRE & NORTH WALES LAW SOCIETY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
PAGES FOR FILING WITH REGISTRAR
CHESHIRE & NORTH WALES LAW SOCIETY LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CHESHIRE & NORTH WALES LAW SOCIETY LTD
BALANCE SHEET
AS AT 30 SEPTEMBER 2020
30 September 2020
- 1 -
2020
2019
Notes
£
£
£
£
Current assets
Stocks
176
264
Debtors
3
456
1,450
Cash at bank and in hand
13,816
13,958
14,448
15,672
Creditors: amounts falling due within one year
4
(6,490)
(6,840)
Net current assets
7,958
8,832
Capital and reserves
Profit and loss reserves
7,958
8,832
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for:
-
ensuring that the company keeps accounting records which comply with Sections 386 and 387
of the Companies Act 2006 and
-
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.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 14 January 2021 and are signed on its behalf by:
Mr A J Graves
Mr F C Storrar
Director
Director
Company Registration No. 00015230
CHESHIRE & NORTH WALES LAW SOCIETY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
- 2 -
1
Accounting policies
Company information
Cheshire & North Wales Law Society Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Glynton House, Henfaes Lane, Welshpool, Powys, Wales, SY21 7BE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover
represents the amount derived from subscriptions and receipts from functions held within the United Kingdom.
1.3
Stocks
Stocks
represent past-president jewels and are stated at cost.
2
Employees
There are no employees and the directors are not remunerated for their services to the company in this capacity.
The secretary in office during the year and treasurer received honoraria amounting to £8,000 (2019: £8,000) in recognition of their services in this capacity during the year.
The number of directors who were in office during the year was:
2020
2019
Number
Number
Total
4
4
3
Debtors
2020
2019
Amounts falling due within one year:
£
£
Prepayments and accrued income
456
1,450
CHESHIRE & NORTH WALES LAW SOCIETY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2020
- 3 -
4
Creditors: amounts falling due within one year
2020
2019
£
£
Accruals and deferred income
6,490
6,840
5
Ultimate controlling party
The company is under the control of the directors.