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Unaudited Financial Statements |
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for the Year Ended 31 March 2021 |
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for |
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The Night Time Industries Association |
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Unaudited Financial Statements |
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for the Year Ended 31 March 2021 |
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for |
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The Night Time Industries Association |
The Night Time Industries Association (Registered number: 09418544) |
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Contents of the Financial Statements |
for the year ended 31 March 2021 |
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Company Information | 1 |
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Chartered Certified Accountants' Report | 2 |
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Abridged Statement of Financial Position | 3 |
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Notes to the Financial Statements | 5 |
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The Night Time Industries Association |
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Company Information |
for the year ended 31 March 2021 |
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DIRECTORS: |
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SECRETARIES: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
Global House |
303 Ballards Lane |
London |
N12 8NP |
Chartered Certified Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
The Night Time Industries Association |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Night Time Industries Association for the year ended 31 March 2021 which comprise the Abridged Income Statement, Abridged Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
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As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
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This report is made solely to the Board of Directors of The Night Time Industries Association, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Night Time Industries Association and state those matters that we have agreed to state to the Board of Directors of The Night Time Industries Association, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that The Night Time Industries Association has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Night Time Industries Association. You consider that The Night Time Industries Association is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of The Night Time Industries Association. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Certified Accountants |
Global House |
303 Ballards Lane |
London |
N12 8NP |
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The Night Time Industries Association (Registered number: 09418544) |
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Abridged Statement of Financial Position |
31 March 2021 |
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31.3.21 | 31.3.20 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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CREDITORS |
Amounts falling due after more than one
year |
4 |
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NET (LIABILITIES)/ASSETS | ( |
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RESERVES |
Income and expenditure account | ( |
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( |
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The directors acknowledge their responsibilities for: |
(a) | 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 surplus or deficit 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. |
The Night Time Industries Association (Registered number: 09418544) |
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Abridged Statement of Financial Position - continued |
31 March 2021 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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The Night Time Industries Association (Registered number: 09418544) |
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Notes to the Financial Statements |
for the year ended 31 March 2021 |
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1. | STATUTORY INFORMATION |
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The Night Time Industries Association is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover 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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Revenue is recognised when the company fulfils contractual obligations to customers of the supply of its services. |
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Turnover also includes donations received which is recognised on receipt of the donation. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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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Going concern |
Although the company has net liabilities on the balance sheet, these financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the directors are aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern. |
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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. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS |
31.3.21 | 31.3.20 |
£ | £ |
Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
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The Night Time Industries Association (Registered number: 09418544) |
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Notes to the Financial Statements - continued |
for the year ended 31 March 2021 |
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5. | RELATED PARTY DISCLOSURES |
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Raising the Bar UK Limited - a related company by virtue of S C Kill (partner of the director M C Kill) is a majority shareholder and a director in the related company |
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During the year, the reporting entity paid £37,400 (2020 - £ 41,952) to the related company for the consultancy services. |
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N E Windross- director in the reporting entity |
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During the year the company paid a consultancy fee of £12,000 (2020- £12,130) to the director. |
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M C Kill - director in the reporting entity |
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During the year the company paid a consultancy fee of £1,814 (2020- £4,529) to the director M C Kill and his partner SC Kill. |