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REGISTERED NUMBER: 02471332 (England and Wales)















Audited Financial Statements

for the Year Ended 31 March 2024

for

ASSOCIATION FOR QUALITATIVE RESEARCH
LIMITED

ASSOCIATION FOR QUALITATIVE RESEARCH
LIMITED (REGISTERED NUMBER: 02471332)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASSOCIATION FOR QUALITATIVE RESEARCH
LIMITED

Company Information
for the year ended 31 March 2024







Directors: E A Sykes
L M Hobbs





Secretary: E A Sykes





Registered office: 3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ





Registered number: 02471332 (England and Wales)





Auditors: Duncan & Toplis Audit Limited, Statutory Auditor
3rd Floor, Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

ASSOCIATION FOR QUALITATIVE RESEARCH
LIMITED (REGISTERED NUMBER: 02471332)

Balance Sheet
31 March 2024

2024 2023
Notes £ £
Current assets
Debtors 4 5,552 9,718
Cash at bank 100,772 98,066
106,324 107,784
Creditors
Amounts falling due within one year 5 14,848 16,281
Net current assets 91,476 91,503
Total assets less current liabilities 91,476 91,503

Reserves
Income and expenditure account 91,476 91,503
91,476 91,503

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 13 June 2024 and were signed on its behalf by:





E A Sykes - Director


ASSOCIATION FOR QUALITATIVE RESEARCH
LIMITED (REGISTERED NUMBER: 02471332)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Association For Qualitative Research Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover represents subscriptions received during the year, which are accounted for on a cash basis, and other services provided during the year excluding value added tax.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Company status
The company is Limited by Guarantee and does not have a share capital. The liability of the members is limited under the terms of the Memorandum of Association to £1 each.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 2,787 5,779
Other debtors 2,765 3,939
5,552 9,718

ASSOCIATION FOR QUALITATIVE RESEARCH
LIMITED (REGISTERED NUMBER: 02471332)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


5. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 172 913
Taxation and social security 1,430 2,160
Other creditors 13,246 13,208
14,848 16,281

6. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Hassan Behcet (Senior Statutory Auditor)
for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

7. FRC Ethical Standard - provisions available for small entities

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.