The Association of Climbing Walls (Britain) Limited
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Registered number: |
03031032
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Balance Sheet |
as at 31 March 2021
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Notes |
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2021 |
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|
2020 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
631 |
|
|
176 |
|
Current assets |
Debtors |
4 |
|
9,207 |
|
|
25,173 |
Cash at bank and in hand |
|
|
114,067 |
|
|
82,190 |
|
|
|
123,274 |
|
|
107,363 |
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Creditors: amounts falling due within one year |
5 |
|
(58,491) |
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|
(93,690) |
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Net current assets |
|
|
|
64,783 |
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|
13,673 |
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Net assets |
|
|
|
65,414 |
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|
13,849 |
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|
|
|
|
|
|
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Capital and reserves |
Income and expenditure account |
|
|
|
65,414 |
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|
13,849 |
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Members Funds |
|
|
|
65,414 |
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|
13,849 |
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|
|
|
|
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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 income and expenditure account has not been delivered to the Registrar of Companies.
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Mr D Howard |
Director |
Approved by the board on 5 October 2021
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The Association of Climbing Walls (Britain) Limited
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Notes to the Accounts |
for the year ended 31 March 2021
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1 |
Accounting policies |
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Statement of compliance |
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The accounts have been prepared in accordance with FRS 102, Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
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Revenue Recognition |
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Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
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Revenue from the sale of goods is recognised when goods are delivered and legal title has passed. |
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Tangible fixed assets |
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Tangible fixed assets held for the company's own use are stated at cost less accumulative depreciation and any accumulative impairment losses.
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Depreciation is provided at rates calculated to write off the costs of fixed assets, less their estimated residual value, over their expected useful lives on a straight line basis at a rate of 33.33% per annum. |
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Assets held under finance leases are depreciated in the same way as owned assets. |
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At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. |
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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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Pensions |
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The company operates a defined contribution pension scheme, The Association of Climbing Walls (Britain) Limited Pension Scheme, and the pension charge represents the amounts payable by the company to the fund in respect of the year.
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2 |
Employees |
2021 |
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2020 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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3 |
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3 |
Tangible fixed assets |
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|
|
|
|
|
|
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Computer equipment |
£ |
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Cost |
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At 1 April 2020 |
1,779 |
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Additions |
649 |
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At 31 March 2021 |
2,428 |
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|
|
|
|
|
|
|
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Depreciation |
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At 1 April 2020 |
1,603 |
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Charge for the year |
194 |
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At 31 March 2021 |
1,797 |
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Net book value |
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At 31 March 2021 |
631 |
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At 31 March 2020 |
176 |
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|
4 |
Debtors |
2021 |
|
2020 |
£ |
£ |
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Trade debtors |
6,714 |
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25,173 |
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Other debtors |
2,493 |
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- |
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|
|
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9,207 |
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25,173 |
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5 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
£ |
£ |
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Trade creditors |
3,203 |
|
6,078 |
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Taxation and social security costs |
11,395 |
|
13,725 |
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Other creditors |
43,893 |
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73,887 |
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58,491 |
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93,690 |
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6 |
Pension commitments |
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The company operates a defined contribution pension scheme, The Association of Climbing Walls (Britain) Limited Pension Scheme, for the employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £NIL (2020 - £2,282) were due to the fund. They are included in other creditors. |
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7 |
Company limited by guarantee |
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The company is limited by guarantee and has no share capital.
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Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1. |
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8 |
Other information |
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The Association of Climbing Walls (Britain) Limited is a private company limited by guarantee and incorporated in England. Its registered office is: |
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The Castle Climbing Centre |
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Green Lanes |
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London |
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England |
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N4 2HA |