Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-292024-12-292024-01-012truefalseNo description of principal activity2truefalse 07588517 2024-01-01 2024-12-29 07588517 2023-01-02 2023-12-31 07588517 2024-12-29 07588517 2023-12-31 07588517 c:Director2 2024-01-01 2024-12-29 07588517 d:FurnitureFittings 2024-01-01 2024-12-29 07588517 d:FurnitureFittings 2024-12-29 07588517 d:FurnitureFittings 2023-12-31 07588517 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-29 07588517 d:ComputerEquipment 2024-01-01 2024-12-29 07588517 d:ComputerEquipment 2024-12-29 07588517 d:ComputerEquipment 2023-12-31 07588517 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-29 07588517 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-29 07588517 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-29 07588517 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 07588517 d:CurrentFinancialInstruments 2024-12-29 07588517 d:CurrentFinancialInstruments 2023-12-31 07588517 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-29 07588517 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07588517 d:RetainedEarningsAccumulatedLosses 2024-12-29 07588517 d:RetainedEarningsAccumulatedLosses 2023-12-31 07588517 c:FRS102 2024-01-01 2024-12-29 07588517 c:Audited 2024-01-01 2024-12-29 07588517 c:FullAccounts 2024-01-01 2024-12-29 07588517 c:CompanyLimitedByGuarantee 2024-01-01 2024-12-29 07588517 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-29 07588517 2 2024-01-01 2024-12-29 07588517 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2024-01-01 2024-12-29 07588517 e:PoundSterling 2024-01-01 2024-12-29 iso4217:GBP xbrli:pure

Registered number: 07588517









THE BINGO ASSOCIATION LIMITED
(A company limited by guarantee)









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 29 DECEMBER 2024

 
THE BINGO ASSOCIATION LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 07588517

BALANCE SHEET
AS AT 29 DECEMBER 2024

29 December
31 December
2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,733
2,600

Tangible assets
 5 
9,836
9,443

  
11,569
12,043

Current assets
  

Debtors: amounts falling due within one year
 6 
38,429
51,600

Cash at bank and in hand
 7 
385,129
443,638

  
423,558
495,238

Creditors: amounts falling due within one year
 8 
(76,940)
(163,782)

Net current assets
  
 
 
346,618
 
 
331,456

Total assets less current liabilities
  
358,187
343,499

Net assets
  
358,187
343,499


Capital and reserves
  

Profit and loss account
  
358,187
343,499


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M Baron
Director

Date: 11 June 2025

The notes on pages 3 to 11 form part of these financial statements.
Page 1

 
THE BINGO ASSOCIATION LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 07588517
    
BALANCE SHEET (CONTINUED)
AS AT 29 DECEMBER 2024


Page 2

 
THE BINGO ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024

1.


General information

The Bingo Association Limited is a private company limited by guarantee and registered in England and Wales. Its registered office address is Lexham House, 75 High Street North, Dunstable, Bedfordshire, LU6 1JF.
The financial statements are presented in Sterling (£), rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
THE BINGO ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
THE BINGO ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
3 years straight line
Computer equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
THE BINGO ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024

2.Accounting policies (continued)

 
2.12

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Page 6

 
THE BINGO ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.


3.


Employees



The average monthly number of employees, including directors, during the period was 2 (2023 - 2).

Page 7

 
THE BINGO ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024

4.


Intangible assets






Development expenditure

£



Cost


At 1 January 2024
2,600



At 29 December 2024

2,600



Amortisation


Charge for the period on owned assets
867



At 29 December 2024

867



Net book value



At 29 December 2024
1,733



At 31 December 2023
2,600



Page 8

 
THE BINGO ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024

5.


Tangible fixed assets







Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
2,937
18,845
21,782


Additions
1,000
3,000
4,000



At 29 December 2024

3,937
21,845
25,782



Depreciation


At 1 January 2024
2,462
9,877
12,339


Charge for the period on owned assets
275
3,332
3,607



At 29 December 2024

2,737
13,209
15,946



Net book value



At 29 December 2024
1,200
8,636
9,836



At 31 December 2023
475
8,968
9,443

Page 9

 
THE BINGO ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024


6.


Debtors

29 December
31 December
2024
2023
£
£

Trade debtors
6,093
20,430

Other debtors
5,197
951

Prepayments and accrued income
27,139
30,219

38,429
51,600



7.


Cash and cash equivalents

29 December
31 December
2024
2023
£
£

Cash at bank and in hand
385,129
443,638



8.


Creditors: Amounts falling due within one year

29 December
31 December
2024
2023
£
£

Trade creditors
5,887
16,728

Corporation tax
1,222
421

Other taxation and social security
4,693
4,655

Other creditors
1,266
116,628

Accruals and deferred income
63,872
25,350

76,940
163,782


Page 10

 
THE BINGO ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024


9.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Every member of the company undertakes to contribute to the assets if it should be wound up, while they are a member or within one year after they cease to be a member, for payment of the liabilities of the company contracted before they cease to be a member, and of costs, charges and expenses of winding up, and for the adjustments of the rights of the contributors themselves, such amounts as may be required.


10.


Pension commitments

The company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £9,570 (2023 - £9,029). Pension contributions amounting to £Nil (2023 - £1,195) were payable to the fund at the balance sheet date.


11.


Auditors' information

The auditors' report on the financial statements for the period ended 29 December 2024 was unqualified.

The audit report was signed on 18 June 2025 by Alexander Chrysaphiades FCA (senior statutory auditor) on behalf of Adler Shine LLP.

 
Page 11