Registration number:
(A company limited by guarantee)
for the Year Ended
Mail Users' Association Limited
Contents
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Mail Users' Association Limited
Company Information
Directors |
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Company secretary |
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Registered office |
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Bankers |
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Auditors |
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Mail Users' Association Limited
Directors' Report for the Year Ended 31 December 2014
The directors present their report and the financial statements for the year ended 31 December 2014.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
Disclosure of information to the auditor
Small company provisions
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the Board on
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I S C Paterson
Director
Mail Users' Association Limited
Statement of Directors' Responsibilities
Company law requires the
directors
to prepare financial statements for each financial year. Under that law the
directors have
elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the
directors
must not approve the financial statements unless
they are
satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the
directors are
required to:
•
select suitable accounting policies and apply them consistently;
•
make judgements and accounting estimates that are reasonable and prudent
; and
•
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The
directors are
responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable
them
to ensure that the financial statements comply with the Companies Act 2006.
They are
also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Independent Auditor's Report to the Members of
Mail Users' Association Limited
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
Respective responsibilities of directors and auditor
Scope of the audit of the financial statements
Opinion on the financial statements
•
give a true and fair view of the state of the company's affairs as at
31 December 2014
and of its
profit
for the
year
then ended;
•
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice
applicable to smaller entities
; and
•
have been prepared in accordance with the requirements of the Companies Act 2006.
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Opinion on other matter prescribed by the Companies Act 2006
In our opinion the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements.
Independent Auditor's Report to the Members of
Mail Users' Association Limited
......... continued
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• |
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• |
the financial statements are not in agreement with the accounting records and returns; or |
• |
certain disclosures of directors’ remuneration specified by law are not made; or |
• |
we have not received all the information and explanations we require for our audit ; or |
• |
the directors were not entitled to prepare the financial statements in accordance with the small companies regime, take advantage of the small companies' exemption in preparing the Directors' Report and take advantage of the small companies exemption from the requirement to prepare a . |
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For and on behalf of
Mail Users' Association Limited
Profit and Loss Account for the Year Ended 31 December 2014
Note |
2014
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2013
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Turnover |
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Administrative expenses |
( |
( |
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Operating profit |
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Other interest receivable and similar income |
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Profit on ordinary activities before taxation |
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Profit for the financial year |
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6
Mail Users' Association Limited
(Registration number: 01246797)
Balance Sheet at 31 December 2014
Note |
2014
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2013
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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 assets |
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Capital and reserves |
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Profit and loss account |
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Shareholders' funds |
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Approved and authorised for issue by the Board on
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I S C Paterson
Director
7
Mail Users' Association Limited
Notes to the Financial Statements for the Year Ended 31 December 2014
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on fixed assets so as to write off the cost or valuation, less any estimated residual value, over their useful economic life as follows;
Asset class |
Depreciation method and rate |
Fixtures and fittings |
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Directors' remuneration |
The directors' remuneration for the year was as follows:
2014
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2013
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Remuneration |
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Tangible fixed assets |
Fixtures and fittings
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Total
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Cost or valuation |
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At 1 January 2014 |
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Depreciation |
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At 1 January 2014 |
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Net book value |
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At 31 December 2014 |
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At 31 December 2013 |
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Mail Users' Association Limited
Notes to the Financial Statements for the Year Ended 31 December 2014
......... continued
Debtors |
2014
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2013
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Trade debtors |
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Other debtors |
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Creditors: Amounts falling due within one year |
2014
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2013
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Other taxes 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. Each of the members is liable to contribute an amount not exceeding £nil towards the assets of the company in the event of liquidation.
Reserves |
Profit and loss account
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Total
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At 1 January 2014 |
23,936 |
23,936 |
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Profit for the year |
1,694 |
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At 31 December 2014 |
25,630 |
25,630 |
Related party transactions |
Zeppelin Services Limited of which Alan Halfacre (director) is a director of received £9000 for providing the services of Chairman.