CTPA Annual Report 2013 - page 44

10. Debtors
2013
2012
£
£
Other debtors
169,845
165,609
Prepayments and accrued income
103,818
86,582
273,663
252,191
11. Creditors: amounts falling due within one year
2013
2012
£
£
Trade creditors
75,472
44,946
Corporation tax
1,017
1,042
Deferred income (subscriptions)
610,391
638,665
Accruals
15,945
10,925
Other taxes and social security
262,010
271,162
964,835
966,740
12. Forward exchange contract
CTPA has entered into a forward contract for settlement on 31 March 2014
to purchase
223,000 at a rate of
1.1842 : £1 as a hedge relating to the
payment of the 2014 subscription to Cosmetics Europe.
13. Financial commitments
The annual commitments under non-cancellable operating leases were as follows:
2013
2012
2013
2012
£
£
£
£
Lease expiring:
In less than one year
37,500
-
-
-
In one to two years
-
75,000
-
-
In two to five years
-
-
6,142
7,850
The current lease on Josaron House expires on 23 June 2014 (annual rent £75,000).
An interim two-year extension has been agreed with the Landlord at an annual rent
of £100,000.
   
Land and buildings
Office equipment
12
Directors’ Report and Financial Statements
44
1...,34,35,36,37,38,39,40,41,42,43 45,46,47,48
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