Company Registration No. 03994427 (England and Wales)
UK METHODS TIME MEASUREMENT ASSOCIATION 2000 LIMITED
COMPANY LIMITED BY GUARANTEE
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
UK METHODS TIME MEASUREMENT ASSOCIATION 2000 LIMITED
COMPANY LIMITED BY GUARANTEE
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
UK METHODS TIME MEASUREMENT ASSOCIATION 2000 LIMITED
COMPANY LIMITED BY GUARANTEE
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Current assets
Debtors
7,356
5,640
Cash at bank and in hand
22,410
15,505
29,766
21,145
Creditors: amounts falling due within one year
(5,245)
(4,172)
Total assets less current liabilities
24,521
16,973
Capital and reserves
Profit and loss account
24,521
16,973
Shareholders' funds
24,521
16,973
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 2 May 2016
S Taylor
Director
Company Registration No. 03994427
UK METHODS TIME MEASUREMENT ASSOCIATION 2000 LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
15% reducing balance.
1.4
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.