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REGISTERED NUMBER: 05651575 (England and Wales)















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: H Armstrong
D J Cook
B M Packham-Coombes





REGISTERED OFFICE: Victoria House
Victoria Street
Taunton
Somerset
TA1 3FA





REGISTERED NUMBER: 05651575 (England and Wales)

ASSOCIATION OF REFLEXOLOGISTS (REGISTERED NUMBER: 05651575)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 13,389 13,052
Debtors 5 14,136 22,053
Cash at bank and in hand 328,459 345,206
355,984 380,311
CREDITORS
Amounts falling due within one year 6 138,030 155,069
NET CURRENT ASSETS 217,954 225,242
TOTAL ASSETS LESS CURRENT
LIABILITIES

217,954

225,242

CREDITORS
Amounts falling due after more than one
year

7

-

4,631
NET ASSETS 217,954 220,611

RESERVES
Income and expenditure account 217,954 220,611
217,954 220,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

ASSOCIATION OF REFLEXOLOGISTS (REGISTERED NUMBER: 05651575)

Balance Sheet - continued
31 December 2024


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 and Expenditure Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





D J Cook - Director


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 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

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 10 (2023 - 9 ) .

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 101,107
DEPRECIATION
At 1 January 2024
and 31 December 2024 101,107
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 14,136 22,053

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,637 9,751
Tax 2,422 1,737
Social security and other taxes 6,319 6,708
VAT 9,961 8,938
Other creditors 756 857
Deferred Income 108,105 122,814
Accrued expenses 8,830 4,264
138,030 155,069

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Trade creditors - 4,631

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