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Registration number: 08924751

The Association of Independent Specialist Medical Accountants (AISMA) Limited
(A company limited by guarantee)
Unaudited Financial Statements
(Companies House version)
for the Year Ended 31 March 2025

The Association of Independent Specialist Medical Accountants (AISMA) Limited

Contents

Accountants' Report | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 7

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Association of Independent Specialist Medical Accountants (AISMA) Limited
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Association of Independent Specialist Medical Accountants (AISMA) Limited for the year ended 31 March 2025 as set out on pages 2 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The Association of Independent Specialist Medical Accountants (AISMA) Limited, as a body, in accordance with the terms of our engagement letter dated 1 August 2024. Our work has been undertaken solely to prepare for your approval the accounts of The Association of Independent Specialist Medical Accountants (AISMA) Limited and state those matters that we have agreed to state to the Board of Directors of The Association of Independent Specialist Medical Accountants (AISMA) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Association of Independent Specialist Medical Accountants (AISMA) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Association of Independent Specialist Medical Accountants (AISMA) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Association of Independent Specialist Medical Accountants (AISMA) Limited. You consider that The Association of Independent Specialist Medical Accountants (AISMA) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Association of Independent Specialist Medical Accountants (AISMA) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Page Kirk LLP
Chartered Accountants
Sherwood House
7 Gregory Boulevard
Nottingham
NG7 6LB

12 November 2025

The Association of Independent Specialist Medical Accountants (AISMA) Limited

(Registration number: 08924751)
Balance Sheet as at 31 March 2025

| Note | 2025 | 2024
|  | £ | £ | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 32 |  | 43
Current assets |  |  |  |  |
Debtors | 5 | 32,584 |  | 17,482 |
Cash at bank and in hand |  | 408,413 |  | 401,641 |
|  | 440,997 |  | 419,123 |
Creditors: Amounts falling due within one year | 6 | (292,991) |  | (298,515) |
Net current assets |  |  | 148,006 |  | 120,608
Net assets |  |  | 148,038 |  | 120,651
Reserves |  |  |  |  |
Other reserves |  | 55,800 |  | 55,800 |
Profit and loss account |  | 92,238 |  | 64,851 |
Surplus |  |  | 148,038 |  | 120,651

The Association of Independent Specialist Medical Accountants (AISMA) Limited

(Registration number: 08924751)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 November 2025 and signed on its behalf by:

.........................................

Miss F M W Wood
Director

The Association of Independent Specialist Medical Accountants (AISMA) Limited

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

1 | General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
48 St. Leonards Road
Bexhill on Sea
East Sussex
TN40 1JB

These financial statements were authorised for issue by the Board on 12 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in Sterling (£) which is the functional currency of the company.

Revenue recognition

Income comprises of income received or receivable for the provision of services in the ordinary course of the company's activities. Income is shown net of VAT, rebates and discounts.

Tax

The company has mutual trading status and only pays corporation tax on interest receivable and royalty income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

The Association of Independent Specialist Medical Accountants (AISMA) Limited

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture, fittings and equipment | 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3 | Staff numbers

During the year, the average number of employees at the company, including directors, was 12 (2024 - 12).

The Association of Independent Specialist Medical Accountants (AISMA) Limited

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

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 April 2024 | 456 | 456
At 31 March 2025 | 456 | 456
Depreciation
At 1 April 2024 | 413 | 413
Charge for the year | 11 | 11
At 31 March 2025 | 424 | 424
Carrying amount
At 31 March 2025 | 32 | 32
At 31 March 2024 | 43 | 43

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 10,584 | 900
Prepayments | 22,000 | 16,582
| 32,584 | 17,482

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 8,916 | 11,956
Taxation and social security | 35,790 | 35,562
Accruals and deferred income | 248,285 | 250,997
| 292,991 | 298,515

The Association of Independent Specialist Medical Accountants (AISMA) Limited

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

7 | Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.