REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 August 2022 |
for |
The Association For Admissions, |
Marketing & Communications In |
Independent Schools (AMCIS) |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 August 2022 |
for |
The Association For Admissions, |
Marketing & Communications In |
Independent Schools (AMCIS) |
The Association For Admissions, |
Marketing & Communications In |
Independent Schools (AMCIS) (Registered number: 04812924) |
Contents of the Financial Statements |
for the Year Ended 31 August 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
The Association For Admissions, |
Marketing & Communications In |
Independent Schools (AMCIS) |
Company Information |
for the Year Ended 31 August 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
Chartered Accountants and Registered Auditors |
2 Hallgarth |
Pickering |
North Yorkshire |
YO18 7AW |
The Association For Admissions, |
Marketing & Communications In |
Independent Schools (AMCIS) (Registered number: 04812924) |
Balance Sheet |
31 August 2022 |
31.8.22 | 31.8.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks | 6 |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
The Association For Admissions, |
Marketing & Communications In |
Independent Schools (AMCIS) (Registered number: 04812924) |
Notes to the Financial Statements |
for the Year Ended 31 August 2022 |
1. | STATUTORY INFORMATION |
The Association For Admissions, Marketing & Communications In Independent Schools (AMCIS) is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover comprises of revenue recognised by the company in respect of member subscriptions and services supplied including conferences, seminars, course bookings and job vacancy advertisements. The turnover is recognised in the period to which the services date. |
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. |
Impairment of assets |
At each reporting date, assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with the carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit and loss. |
If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit and loss. |
Tangible fixed assets |
Exhibition equipment | - |
Office equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
The company has taken advantage of the small tax liability exemption, so no tax is payable on its interest. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease. |
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. |
The Association For Admissions, |
Marketing & Communications In |
Independent Schools (AMCIS) (Registered number: 04812924) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2022 |
2. | ACCOUNTING POLICIES - continued |
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 £1 towards the assets of the company in the event of liquidation. |
Additional controls |
Invoices and payments over the value of £5,000 are to be agreed by the Treasurer and the Chief executive officer. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Website |
£ |
COST |
At 1 September 2021 |
and 31 August 2022 |
AMORTISATION |
At 1 September 2021 |
Amortisation for year |
At 31 August 2022 |
NET BOOK VALUE |
At 31 August 2022 |
At 31 August 2021 |
5. | TANGIBLE FIXED ASSETS |
Exhibition | Office |
equipment | equipment | Totals |
£ | £ | £ |
COST |
At 1 September 2021 |
Additions |
At 31 August 2022 |
DEPRECIATION |
At 1 September 2021 |
Charge for year |
At 31 August 2022 |
NET BOOK VALUE |
At 31 August 2022 |
At 31 August 2021 |
The Association For Admissions, |
Marketing & Communications In |
Independent Schools (AMCIS) (Registered number: 04812924) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2022 |
6. | STOCKS |
31.8.22 | 31.8.21 |
£ | £ |
Stocks |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.22 | 31.8.21 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.22 | 31.8.21 |
£ | £ |
Trade creditors |
Social security and other taxes |
Other creditors |
Deferred income |
Accrued expenses |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |