Registration number:
(A company limited by guarantee)
Unaudited Abbreviated Accounts
for the Year Ended
Cutlery and Allied Trades Research Association
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5 ) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Cutlery and Allied Trades Research Association
for the Year Ended 31 December 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cutlery and Allied Trades Research Association for the year ended 31 December 2015 set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .
This report is made solely to the Board of Directors of Cutlery and Allied Trades Research Association, as a body, in accordance with the terms of our engagement letter . Our work has been undertaken solely to prepare for your approval the accounts of Cutlery and Allied Trades Research Association and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cutlery and Allied Trades Research Association and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Cutlery and Allied Trades Research Association has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Cutlery and Allied Trades Research Association. You consider that Cutlery and Allied Trades Research Association is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Cutlery and Allied Trades Research 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 accounts.
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Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
S1 1WR
27 July 2016
Cutlery and Allied Trades Research Association
(Registration number: 00739777)
Abbreviated Balance Sheet at 31 December 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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2
Cutlery and Allied Trades Research Association
(Registration number: 00739777)
Abbreviated Balance Sheet at 31 December 2015
......... continued
Approved by the Board on
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Mr David John Greensmith
Director
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Mr Roger Critchley Hamby
Director
3
Cutlery and Allied Trades Research Association
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Government grants
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Land and Buildings |
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Plant and machinery |
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Fixtures and fittings |
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Motor vehicles |
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Research and development
Stock and work in progress
Deferred tax
Cutlery and Allied Trades Research Association
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued
Foreign currency
Pensions
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 January 2015 |
598,148 |
598,148 |
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Additions |
46,921 |
46,921 |
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At 31 December 2015 |
645,069 |
645,069 |
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Depreciation |
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At 1 January 2015 |
435,402 |
435,402 |
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Charge for the year |
18,714 |
18,714 |
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At 31 December 2015 |
454,116 |
454,116 |
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Net book value |
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At 31 December 2015 |
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At 31 December 2014 |
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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 £5 towards the assets of the company in the event of liquidation.