1 May 2024 v2025.28.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity0falsetruexbrli:purexbrli:sharesiso4217:GBP102767272024-05-012025-04-30102767272025-04-30102767272024-04-3010276727core:WithinOneYear2025-04-3010276727core:WithinOneYear2024-04-3010276727core:RetainedEarningsAccumulatedLosses2025-04-3010276727core:RetainedEarningsAccumulatedLosses2024-04-3010276727bus:Director12024-05-012025-04-3010276727bus:RegisteredOffice2024-05-012025-04-30102767272023-05-012024-04-301027672712024-05-012025-04-3010276727countries:EnglandWales2024-05-012025-04-3010276727bus:AuditExemptWithAccountantsReport2024-05-012025-04-3010276727bus:CompanyLimitedByGuarantee2024-05-012025-04-3010276727bus:SmallEntities2024-05-012025-04-3010276727bus:FullAccounts2024-05-012025-04-30
Company registration number:
10276727
British Generic Manufacturers Association Limited
Company limited by guarantee
Unaudited Filleted Financial Statements for the year ended
30 April 2025
Bridgewater Accountants Ltd
Delta House, 16 Bridge Road, Haywards Heath, West Sussex, RH16 1UA, United Kingdom
British Generic Manufacturers Association Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of British Generic Manufacturers Association Limited
Year ended
30 April 2025
As described on the statement of financial position, the Board of Directors of
British Generic Manufacturers Association Limited
are responsible for the preparation of the
financial statements
for the year ended
30 April 2025
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Bridgewater Accountants Ltd
Delta House
16 Bridge Road
Haywards Heath
West Sussex
RH16 1UA
United Kingdom
British Generic Manufacturers Association Limited
Statement of Financial Position
30 April 2025
20252024
Note££
Current assets    
Debtors 5
25,835
 
21,384
 
Cash at bank and in hand
770,894
 
1,065,168
 
796,729
 
1,086,552
 
Creditors: amounts falling due within one year 6
(274,699
)
(490,163
)
Net current assets
522,030
 
596,389
 
Total assets less current liabilities 522,030   596,389  
Capital and reserves    
Profit and loss account
522,030
 
596,389
 
Members funds
522,030
 
596,389
 
For the year ending
30 April 2025
, 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.
These
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 statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
2 June 2025
, and are signed on behalf of the board by:
M Samuels
Director
Company registration number:
10276727
British Generic Manufacturers Association Limited
Notes to the Financial Statements
Year ended
30 April 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
65 Gresham Street
,
London
,
EC2V 7NQ
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

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.

Defined contribution pension plan

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 Average number of employees

The average number of persons employed by the company during the year was nil (2024:
1
).

5 Debtors

20252024
££
Trade debtors
21,958
 
21,384
 
Other debtors
3,877
  -  
25,835
 
21,384
 

6 Creditors: amounts falling due within one year

20252024
££
Trade creditors
14,195
 
71,204
 
Taxation and social security
(26,675
)
70,959
 
Other creditors
287,179
 
348,000
 
274,699
 
490,163