REGISTERED NUMBER:
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Report of the Director and |
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Financial Statements for the Year Ended 31st January 2015 |
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ASSOCIATION PAYMENT AND |
CREDIT CLEARING SERVICES |
REGISTERED NUMBER:
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Report of the Director and |
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Financial Statements for the Year Ended 31st January 2015 |
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for |
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ASSOCIATION PAYMENT AND |
CREDIT CLEARING SERVICES |
ASSOCIATION PAYMENT AND |
CREDIT CLEARING SERVICES (REGISTERED NUMBER: 07116314) |
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Contents of the Financial Statements |
for the Year Ended 31st January 2015 |
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Company Information | 1 |
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Report of the Director | 2 |
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Profit and Loss Account | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 5 |
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ASSOCIATION PAYMENT AND |
CREDIT CLEARING SERVICES |
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Company Information |
for the Year Ended 31st January 2015 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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ASSOCIATION PAYMENT AND |
CREDIT CLEARING SERVICES (REGISTERED NUMBER: 07116314) |
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Report of the Director |
for the Year Ended 31st January 2015 |
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The directors present their report and accounts for the year ended 31/01/2014 |
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PRINCIPAL ACTIVITY |
The principle activity of the company in the year under review was to facilitate, promote and |
support credit clearing amongst Association Members. |
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DIRECTOR |
report. |
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POLITICAL DONATIONS AND EXPENDITURE |
During the year, the company made no donations exceeding £2000. |
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This report has been prepared in accordance with the special provisions of Part 15 of the |
Companies Act 2006 relating to small companies. |
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ON BEHALF OF THE BOARD: |
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ASSOCIATION PAYMENT AND |
CREDIT CLEARING SERVICES (REGISTERED NUMBER: 07116314) |
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Profit and Loss Account |
for the Year Ended 31st January 2015 |
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2015 | 2014 |
Notes | £ | £ |
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TURNOVER |
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Distribution costs | ( |
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Administrative expenses | ( |
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OPERATING PROFIT and |
PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION |
2 |
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Tax on profit on ordinary activities | 3 |
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PROFIT FOR THE FINANCIAL YEAR |
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ASSOCIATION PAYMENT AND |
CREDIT CLEARING SERVICES (REGISTERED NUMBER: 07116314) |
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Balance Sheet |
31st January 2015 |
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2015 | 2014 |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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RESERVES | - | - |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and
387 of the Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the director on
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ASSOCIATION PAYMENT AND |
CREDIT CLEARING SERVICES (REGISTERED NUMBER: 07116314) |
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Notes to the Financial Statements |
for the Year Ended 31st January 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in |
accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Exemption from preparing a cash flow statement |
The company is exempt from including a statement of cash flows in its accounts in |
accordance with Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not |
reversed at the balance sheet date. |
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2. | OPERATING PROFIT |
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The operating profit is stated after charging: |
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2015 | 2014 |
£ | £ |
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Director's remuneration and other benefits etc |
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3. | TAXATION |
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Analysis of the tax charge |
No liability to UK corporation tax arose on ordinary activities for the year ended |
31st January 2015 nor for the year ended 31st January 2014. |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2015 | 2014 |
£ | £ |
Other creditors |
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ASSOCIATION PAYMENT AND |
CREDIT CLEARING SERVICES (REGISTERED NUMBER: 07116314) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st January 2015 |
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5. | RESERVES |
Profit |
and loss |
account |
£ |
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Profit for the year |
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At 31st January 2015 |
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