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REGISTERED NUMBER:
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STRUCTURAL TIMBER ASSOCIATION LIMITED |
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AUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED |
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31ST DECEMBER 2018 |
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REGISTERED NUMBER:
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STRUCTURAL TIMBER ASSOCIATION LIMITED |
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AUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED |
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31ST DECEMBER 2018 |
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STRUCTURAL TIMBER ASSOCIATION LIMITED (REGISTERED NUMBER: 03862401) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2018 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 | to | 5 |
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STRUCTURAL TIMBER ASSOCIATION LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST DECEMBER 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Statutory Auditors |
43-45 Devizes Road |
SWINDON |
Wiltshire |
SN1 4BG |
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BANKERS: |
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19 High Street |
Alloa |
FK10 1JF |
STRUCTURAL TIMBER ASSOCIATION LIMITED (REGISTERED NUMBER: 03862401) |
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STATEMENT OF FINANCIAL POSITION |
31ST DECEMBER 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Property, plant and equipment | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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RESERVES |
Income and expenditure account |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors on
on its behalf by: |
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STRUCTURAL TIMBER ASSOCIATION LIMITED (REGISTERED NUMBER: 03862401) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2018 |
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1. | STATUTORY INFORMATION |
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The company is a private company limited by guarantee and registered in England and Wales. |
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The registered office address is Morris Owen, 43-45 Devizes Road, Swindon, Wiltshire, SN1 4BG. |
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These financial statements are presented in British Pounds (GBP) rounded to the nearest pound, |
which is the company's functional and presentational currency. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section 1A |
"Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable |
in the UK and Republic of Ireland" and the Companies Act 2006. |
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Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are |
measured at cost less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Financial instruments |
Short term debtors are measured at transaction price, less any impairment. Loans receivable are |
measured initially at fair value, net of transaction costs, and are measured subsequently at |
amortised cost using the effective interest method, less any impairment. |
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Short term trade creditors are measured at the transaction price. Other financial liabilities, |
including loans, are measured initially at fair value, net of transaction costs, and are measured |
subsequently at amortised cost using the effective interest method. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of |
Income and Retained Earnings, except to the extent that it relates to items recognised in other |
comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have |
been enacted or substantively enacted by the statement of financial position date. |
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STRUCTURAL TIMBER ASSOCIATION LIMITED (REGISTERED NUMBER: 03862401) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2018 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the statement of financial position date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is |
measured using tax rates and laws that have been enacted or substantively enacted by the year |
end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is |
probable that they will be recovered against the reversal of deferred tax liabilities or other future |
taxable profits. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1st January 2018 |
and 31st December 2018 |
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AMORTISATION |
At 1st January 2018 |
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Charge for year |
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At 31st December 2018 |
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NET BOOK VALUE |
At 31st December 2018 |
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At 31st December 2017 |
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STRUCTURAL TIMBER ASSOCIATION LIMITED (REGISTERED NUMBER: 03862401) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2018 |
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5. | PROPERTY, PLANT AND EQUIPMENT |
Plant and |
machinery |
etc |
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COST |
At 1st January 2018 |
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Additions |
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At 31st December 2018 |
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DEPRECIATION |
At 1st January 2018 |
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Charge for year |
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At 31st December 2018 |
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NET BOOK VALUE |
At 31st December 2018 |
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At 31st December 2017 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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9. | LIMITED BY GUARANTEE |
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The company has no share capital and is limited by guarantee. The liability of the members is |
limited to £1. |