| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2024 |
| for |
| ASSOCIATION OF REFLEXOLOGISTS |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2024 |
| for |
| ASSOCIATION OF REFLEXOLOGISTS |
| ASSOCIATION OF REFLEXOLOGISTS (REGISTERED NUMBER: 05651575) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ASSOCIATION OF REFLEXOLOGISTS |
| Company Information |
| for the Year Ended 31 December 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ASSOCIATION OF REFLEXOLOGISTS (REGISTERED NUMBER: 05651575) |
| Balance Sheet |
| 31 December 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| RESERVES |
| Income and expenditure account |
| 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. |
| ASSOCIATION OF REFLEXOLOGISTS (REGISTERED NUMBER: 05651575) |
| Balance Sheet - continued |
| 31 December 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| ASSOCIATION OF REFLEXOLOGISTS (REGISTERED NUMBER: 05651575) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| Association of Reflexologists is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| In the application of the company’s accounting policies, the directors are required to make judgements,estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. |
| The directors have considered the risk of estimation uncertainty causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, and consider there to be no significant accounting estimates and assumptions. |
| Turnover |
| Turnover represents membership subscriptions including journal sales, insurance commission and net invoice sales of reflexology goods and services, excluding value added tax. All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. |
| Tangible fixed assets |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| ASSOCIATION OF REFLEXOLOGISTS (REGISTERED NUMBER: 05651575) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. |
| Debtors |
| Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. |
| Cash at bank and in hand |
| Cash bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. |
| Creditors and provisions |
| Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settled the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution scheme for the benefit of the employees. |
| The scheme is managed by Royal London and the plan invests the contributions made by the employee and employer in an investment fund to build up over the term of the plan. The company has no liability beyond making its contributions and paying across the deduction for the employee's contributions. |
| Membership subscriptions, journal sales and deferred income |
| Membership subscriptions and journal sales are received for a number of months in advance. This income is then shown in the income and expenditure account equally over the period of subscription. Subscription income received but relating to periods after the balance sheet date have been included in deferred income within creditors. |
| Expenditure |
| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Company to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on the accruals basis. |
| Cost of sales relates to departmental expenditure (including staff costs) relating directly to the turnover received. |
| Administration expenses relate to office and administration costs incurred by the Company. |
| Value added tax |
| The Association is registered for VAT. Therefore, where applicable, amounts are shown exclusive of VAT. Input VAT incurred in relation to exempt income, where irrecoverable under partial exemption rules, is shown within the Income and Expenditure Account. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| ASSOCIATION OF REFLEXOLOGISTS (REGISTERED NUMBER: 05651575) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| At 1 January 2024 |
| and 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| and 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 9,961 | 8,938 |
| Other creditors |
| Deferred Income |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| 8. | OTHER FINANCIAL COMMITMENTS |
| The total amount of financial commitments, guarantees and contingencies amounts to £32,900 (2023: £49,902). |
| ASSOCIATION OF REFLEXOLOGISTS (REGISTERED NUMBER: 05651575) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 9. | COMPANY LIMITED BY GUARANTEE |
| The company is limited by guarantee and, as such, does not have a share capital. In the event of winding up, each member has guaranteed to contribute a maximum of £1 to meet the liabilities of the company. |
| At the year end the company had 4,893 members (2023 4,783). |
| 10. | STAFF COSTS |
| 2024 | 2023 |
| £ | £ |
| Gross Salaries | 260,364 | 252,005 |
| Social Security | 15,727 | 15,584 |
| Pensions | 6,825 | 7,388 |
| 282,916 | 274,977 |