1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 10,300 9,550 750 10,300 750 xbrli:pure xbrli:shares iso4217:GBP 04609682 2023-01-01 2023-12-31 04609682 2023-12-31 04609682 2022-12-31 04609682 2022-01-01 2022-12-31 04609682 2022-12-31 04609682 2021-12-31 04609682 bus:Director12 2023-01-01 2023-12-31 04609682 core:WithinOneYear 2023-12-31 04609682 core:WithinOneYear 2022-12-31 04609682 core:RetainedEarningsAccumulatedLosses 2023-12-31 04609682 core:RetainedEarningsAccumulatedLosses 2022-12-31 04609682 bus:SmallEntities 2023-01-01 2023-12-31 04609682 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04609682 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04609682 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 04609682 bus:FullAccounts 2023-01-01 2023-12-31 04609682 core:OtherPropertyPlantEquipment 2023-12-31 04609682 core:OtherPropertyPlantEquipment 2022-12-31 04609682 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 04609682
Association for Business Psychology Limited
Company Limited by Guarantee
Filleted Unaudited Financial Statements
31 December 2023
Association for Business Psychology Limited
Company Limited by Guarantee
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
6
750
Current assets
Debtors
7
20,551
29,719
Investments
8
64,954
63,599
Cash at bank and in hand
133,302
156,672
---------
---------
218,807
249,990
Creditors: amounts falling due within one year
9
25,253
29,779
---------
---------
Net current assets
193,554
220,211
---------
---------
Total assets less current liabilities
193,554
220,961
Provisions
3,471
3,424
---------
---------
Net assets
190,083
217,537
---------
---------
Capital and reserves
Profit and loss account
190,083
217,537
---------
---------
Members funds
190,083
217,537
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Association for Business Psychology Limited
Company Limited by Guarantee
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 16 July 2024 , and are signed on behalf of the board by:
S Desson
Director
Company registration number: 04609682
Association for Business Psychology Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Peershaws, Berewyk Hall Court, Bures Road, White Colne, Essex, CO6 2QB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment loss for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction cost and subsequently measured at amortised cost determined using the effective interest method.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from rendering services. Turnover from the sale of goods is recognised when the significant risks and rewards of the ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. Subscription income is recognised over the period to which the subscription relates.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Website
-
over 3 years
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Company limited by guarantee
The company is limited by guarantee and does not have share capital.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
6. Tangible assets
Website
£
Cost
At 1 January 2023 and 31 December 2023
10,300
--------
Depreciation
At 1 January 2023
9,550
Charge for the year
750
--------
At 31 December 2023
10,300
--------
Carrying amount
At 31 December 2023
--------
At 31 December 2022
750
--------
7. Debtors
2023
2022
£
£
Trade debtors
14,281
23,150
Other debtors
6,270
6,569
--------
--------
20,551
29,719
--------
--------
8. Investments
2023
2022
£
£
Listed investments
39,278
39,029
Unlisted investments
25,676
24,570
--------
--------
64,954
63,599
--------
--------
9. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
62
Trade creditors
3,347
9,964
Accruals and deferred income
17,014
17,496
Corporation tax
231
96
Social security and other taxes
3,260
760
Other creditors
1,401
1,401
--------
--------
25,253
29,779
--------
--------