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REGISTERED NUMBER: 03066963















THE BRITISH ACUPUNCTURE COUNCIL

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






THE BRITISH ACUPUNCTURE COUNCIL (REGISTERED NUMBER: 03066963)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


THE BRITISH ACUPUNCTURE COUNCIL (REGISTERED NUMBER: 03066963)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,289 8,712

CURRENT ASSETS
Debtors 5 92,200 91,934
Cash at bank and in hand 294,747 424,969
386,947 516,903
CREDITORS
Amounts falling due within one year 6 47,327 99,877
NET CURRENT ASSETS 339,620 417,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

345,909

425,738

RESERVES
Income and expenditure account 345,909 425,738
345,909 425,738

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2024 and were signed on its behalf by:




P A J Huber-O'Gara - Director



J C Ogbonna - Director


THE BRITISH ACUPUNCTURE COUNCIL (REGISTERED NUMBER: 03066963)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

The British Acupuncture Council is a private company limited by guarantee. The company is registered in England under number 03066963 and the address of the registered office is 63 Jeddo Road, London W12 9HQ.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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 the cost less estimated residual value of each asset over its estimated useful life.
Office furniture, fittings and
equipment

-

25% on reducing balance
Computers and accessories - 25% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The Council operates a workplace pension scheme. Contributions payable to the pension scheme are charged to the profit and loss account in the period to which they relate.

Subscriptions
The subscription year coincides with the accounting year. Subscriptions received in advance are treated as deferred income and released to the income and expenditure account in the year to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 11 ) .

THE BRITISH ACUPUNCTURE COUNCIL (REGISTERED NUMBER: 03066963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Office
furniture,
fittings Computers
and and
equipment accessories Totals
£    £    £   
COST
At 1 January 2023 985 18,219 19,204
Additions 700 2,344 3,044
At 31 December 2023 1,685 20,563 22,248
DEPRECIATION
At 1 January 2023 384 10,108 10,492
Charge for year 325 5,142 5,467
At 31 December 2023 709 15,250 15,959
NET BOOK VALUE
At 31 December 2023 976 5,313 6,289
At 31 December 2022 601 8,111 8,712

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 92,200 91,934

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 22,020 -
Taxation and social security 810 115
Other creditors 24,497 99,762
47,327 99,877

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Bowen BA(Hons) FCA (Senior Statutory Auditor)
for and on behalf of H L Barnes, Statutory Auditors