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REGISTERED NUMBER: 05385834 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2025

for

The Chartered Association of Sport and
Exercise Sciences Limited

Previously known as
The British Association of Sport and
Exercise Sciences

The Chartered Association of Sport and
Exercise Sciences Limited (Registered number: 05385834)
previously known as
The British Association of Sport and
Exercise Sciences






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


The Chartered Association of Sport and
Exercise Sciences Limited (Registered number: 05385834)
previously known as
The British Association of Sport and
Exercise Sciences

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,016 1,593

CURRENT ASSETS
Debtors 5 84,274 56,863
Cash at bank and in hand 657,203 659,590
741,477 716,453
CREDITORS
Amounts falling due within one year 6 292,484 293,451
NET CURRENT ASSETS 448,993 423,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

450,009

424,595

RESERVES
Income and expenditure account 450,009 424,595
450,009 424,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

The Chartered Association of Sport and
Exercise Sciences Limited (Registered number: 05385834)
previously known as
The British Association of Sport and
Exercise Sciences

Balance Sheet - continued
31 March 2025


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 23 July 2025 and were signed on its behalf by:





Prof Z Knowles - Director


The Chartered Association of Sport and
Exercise Sciences Limited (Registered number: 05385834)
previously known as
The British Association of Sport and
Exercise Sciences

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

The Chartered Association of Sport and Exercise Sciences Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05385834

Registered office: Rooms G07 & G08 Fairfax Hall
Leeds Beckett University
Headingley Campus, Headingley
Leeds
West Yorkshire
LS6 3QS

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 UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements have been prepared under the historical cost convention.

Turnover
The following fees are recognised in the income and expenditure account over the period of the membership or course:
- Membership fees
- Sport and Exercise Psychology Accreditation Route (SEPAR fees)
- Course Finder
- BASES Undergraduate Endorsement Scheme
- BASES Postgraduate Endorsement Scheme

All other income is recognised as it is earned and the company has obtained the right to the consideration.

The Chartered Association of Sport and
Exercise Sciences Limited (Registered number: 05385834)
previously known as
The British Association of Sport and
Exercise Sciences

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at purchase cost together with any incidental expenses of acquisition, net of depreciation and any provision for impairment.

Depreciation is provided on all tangible assets at rates calculated to write off the cost less estimated residual value of each asset on a straight line basis over its expected useful life.

Fixtures and fittings - 10% on cost
Computer equipment - 10% on cost (software) and 50% on cost (equipment)

Residual value represents the estimated amount which would currently be obtained from disposal of an asset after deducting estimated costs of disposal, if the asset were already at an age and in the condition expected at the end of its estimated useful life.

The need for any fixed asset impairment write down is assessed by comparison of the carrying value of the assets against the higher of realisable value and value in use.

The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

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

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

All financial assets and liabilities are initially measured at transaction price (including transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - trade debtors, other debtors, cash and bank balances, trade creditors and other creditors.

Trade debtors, other debtors, cash and bank balances, trade creditors and other creditors are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

Taxation
As the company's activities are undertaken not with a view to realising a profit but to advance the promotion of research into sports sciences and the other objectives set out in the Directors' Report, HMRC have agreed that only the company's other income is subject to corporation tax.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The Chartered Association of Sport and
Exercise Sciences Limited (Registered number: 05385834)
previously known as
The British Association of Sport and
Exercise Sciences

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Impairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss as described below.

Non financial assets
An asset is impaired when there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Financial assets
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had the impairment loss not been recognised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
computer
equipment
£   
COST
At 1 April 2024 30,771
Additions 565
At 31 March 2025 31,336
DEPRECIATION
At 1 April 2024 29,178
Charge for year 1,142
At 31 March 2025 30,320
NET BOOK VALUE
At 31 March 2025 1,016
At 31 March 2024 1,593

The Chartered Association of Sport and
Exercise Sciences Limited (Registered number: 05385834)
previously known as
The British Association of Sport and
Exercise Sciences

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 49,956 22,883
Prepayments and accrued income 34,318 33,980
84,274 56,863

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 1,366 12,428
Tax 3,207 1,850
Social security and other taxes 4,992 5,111
VAT 3,222 2,350
Other creditors 8,057 10,449
Accruals and deferred income 271,640 261,263
292,484 293,451

7. CAPITAL

The Company is limited by guarantee and has no share capital. The liability of the members in the event of a winding up is limited to £1 per member.