European Air Law Association
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For the year ended 31 December 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06374877
Abbreviated Balance Sheet
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European Air Law Association
2015
2014
1,650
-
244,742
200,466
244,742
202,116
Creditors
:
amounts falling due within one year
|
(1,190)
(1,255)
200,926
243,487
Net current assets
Total assets less current liabilities
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243,487
200,926
243,487
Net assets
200,926
243,487
200,926
243,487
200,926
Members' Funds
For the 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.
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Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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Date approved by the board: 23 September 2016
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Signed on behalf of the board of directors
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1 of 2
Notes to the Abbreviated Financial Statements
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European Air Law Association
For the year ended 31 December 2015
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Assets and liabilities in sterling and translated into euros at the rates of exchange ruling at the balance sheet date
.
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Transactions in sterling are translated into euros at the rate of exchange ruling at the date of the transaction
.
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Exchange differences are taken into account in arriving at the operating surplus
.
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2
Company limited by guarantee
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The company is limited by guarantee
,
each member undertaking to contribute a maximum of £
1
to the company in
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the event of its being wound up
.
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2 of 2