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REGISTERED NUMBER: 02834529















Unaudited Financial Statements for the Year Ended 31 December 2023

for

The Business Services Association

The Business Services Association (Registered number: 02834529)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Business Services Association

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Kevin Craven
David John Carr
Robin Mills
Christopher James Luck
Hilary E M Robertson
Deborah J Watson
Gordon Colin Brockington





REGISTERED OFFICE: 2nd Floor
130 Fleet Street
London
EC4A 2BH





REGISTERED NUMBER: 02834529





ACCOUNTANTS: Oculus Accountancy
83 Victoria Street
London
SW1H 0HW

The Business Services Association (Registered number: 02834529)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,856 3,453

CURRENT ASSETS
Debtors 5 502,627 350,238
Cash at bank 724,897 789,010
1,227,524 1,139,248
CREDITORS
Amounts falling due within one year 6 (980,093 ) (891,147 )
NET CURRENT ASSETS 247,431 248,101
TOTAL ASSETS LESS CURRENT
LIABILITIES

252,287

251,554

RESERVES
Income and expenditure account 252,287 251,554
252,287 251,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:





Hilary E M Robertson - Director


The Business Services Association (Registered number: 02834529)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment - 33% straight line

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.

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company makes contributions to emloyees' personal pension schemes which are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

The Business Services Association (Registered number: 02834529)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
& fittings
and
Plant & equipm Computer
Machinery ent equipment Totals
£    £    £    £   
COST
At 1 January 2023 2,005 28,646 50,915 81,566
Additions - - 3,951 3,951
At 31 December 2023 2,005 28,646 54,866 85,517
DEPRECIATION
At 1 January 2023 2,005 28,646 47,462 78,113
Charge for year - - 2,548 2,548
At 31 December 2023 2,005 28,646 50,010 80,661
NET BOOK VALUE
At 31 December 2023 - - 4,856 4,856
At 31 December 2022 - - 3,453 3,453

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 470,083 310,684
Other debtors 32,544 39,554
502,627 350,238

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 2,458 6,558
Taxation and social security 164,193 141,403
Other creditors 813,442 743,186
980,093 891,147

7. OTHER FINANCIAL COMMITMENTS

The Company held commitments at the balance sheet date of £91,875 (2021: £132,375).