REGISTERED NUMBER: 01781531 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

British Chiropractic Association

Company Limited by Guarantee

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Doctor T P Button

Mr M N K Christensen

Ms F C Deane

Mr O Evans

Mrs J Lock

Ms P E Oakley

Mr U Sandstrom

Mr J R Williamson

REGISTERED OFFICE:

First Floor, Willow House

Kingswood Business Park

Holyhead Road

Albrighton

Wolverhampton

WV7 3AU

REGISTERED NUMBER:

01781531 (England and Wales)

AUDITORS:

TAG Assurance Services Limited

Chartered Accountants and

Registered Auditors

8 Pendeford Place

Pendeford Business Park

Wolverhampton

West Midlands

WV9 5HD

FIXED ASSETS

Tangible assets

4

5,109

5,604

CURRENT ASSETS

Debtors

5

79,997

15,722

Investments

6

481,917

489,314

Cash and cash equivalents

608,888

596,067

1,170,802

1,101,103

CREDITORS

Amounts falling due within one year

7

85,498

78,517

NET CURRENT ASSETS

1,085,304

1,022,586

TOTAL ASSETS LESS CURRENT LIABILITIES

1,090,413

1,028,190

RESERVES

Income and expenditure account

1,090,413

1,028,190

MEMBERS' FUNDS

1,090,413

1,028,190

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 Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2025 and were signed on its behalf by:

Doctor T P Button - Director

Mr J R Williamson - Director

1.	STATUTORY INFORMATION

British Chiropractic Association Company Limited by Guarantee 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.

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.

All monetary amounts are rounded to the nearest pound.

Going Concern

The financial statements have been prepared on a going concern basis as appropriate by the board of directors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and Value Added Tax.

Sale of goods

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.

Rendering of services

Revenue from services provided is derived from the value of services performed during the year.

Membership subscriptions

Membership subscriptions are recognised in the year to which they relate.

Investment income

Investment income is recognised in the income statement when the right to receive payment is established, the amount can be reliably measure and it is probable that the economic benefits will flow to the entity.

Interest receivable

Interest income is recognised when it is probable that the economic benefits will flow to the entity and the amount 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.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

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.

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.

At each balance sheet date, the directors review the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any and the asset is impaired accordingly.

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

Current asset investments

Current asset investments are initially measured at cost and are subsequently re-measured at their fair value except where they qualify as 'basic' financial instruments.Changes in fair value investment are carried through profit and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Defined contribution plans

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.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Reserves

Profit and loss account

The profit and loss account includes all current and prior years retained profits and losses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

9,293

13,761

23,054

Additions

1,199

4,740

5,939

Disposals

(239

)

(1,120

)

(1,359

)

At 31 December 2024

10,253

17,381

27,634

DEPRECIATION

At 1 January 2024

6,733

10,717

17,450

Charge for year

1,519

3,615

5,134

Eliminated on disposal

(59

)

-

(59

)

At 31 December 2024

8,193

14,332

22,525

NET BOOK VALUE

At 31 December 2024

2,060

3,049

5,109

At 31 December 2023

2,560

3,044

5,604

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

679

1,287

Other debtors

79,318

14,435

79,997

15,722

6.	CURRENT ASSET INVESTMENTS

2024

2023

£

£

Other investments

481,917

489,314

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

40,925

11,957

Taxation and social security

15,024

17,197

Other creditors

29,549

49,363

85,498

78,517

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Shaun Philpott FCA (Senior Statutory Auditor)

for and on behalf of TAG Assurance Services Limited

9.	RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.

10.	ULTIMATE CONTROLLING PARTY

The company was under the control of the board of directors throughout the current and previous year.

11.	LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital.

The maximum liability per member upon winding up is restricted to £1.