Company Registration No. 04950685 (England and Wales)
British Academy of Audiology
Unaudited financial statements
for the year ended 31 March 2025
Pages for filing with the registrar
British Academy of Audiology
Contents
Page
Statement of financial position
2
Notes to the financial statements
3 - 7
British Academy of Audiology
Accountants' report to the Board of Directors on the preparation of the unaudited statutory financial statements of British Academy Of Audiology for the year ended 31 March 2025
1

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of British Academy of Audiology for the year ended 31 March 2025 which comprise, the statement of financial position and the related notes 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 icaew.com/regulation.

This report is made solely to the B oard of D irectors of British Academy of Audiology, as a body, in accordance with the terms of our engagement letter dated 13 August 2020. Our work has been undertaken solely to prepare for your approval the financial statements of British Academy of Audiology and state those matters that we have agreed to state to the B oard of D irectors of British Academy of Audiology, 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 British Academy of Audiology and its B oard of D irectors as a body, for our work or for this report.

It is your duty to ensure that British Academy of Audiology has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of British Academy of Audiology. You consider that British Academy of Audiology 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 financial statements of British Academy of Audiology. 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 f inancial statements.

Saffery LLP
28 November 2025
Level 4, 9 Haymarket Square
Edinburgh
EH3 8RY
British Academy of Audiology
Statement of financial position
As at 31 March 2025
31 March 2025
2
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
21,320
-
Tangible assets
4
-
0
67
Investments
5
316,810
303,958
338,130
304,025
Current assets
Debtors
6
82,017
54,790
Cash at bank and in hand
177,760
186,165
259,777
240,955
Creditors: amounts falling due within one year
7
(66,475)
(68,561)
Net current assets
193,302
172,394
Total assets less current liabilities
531,432
476,419
Provisions for liabilities
(14,004)
(2,387)
Net assets
517,428
474,032
Reserves
Income and expenditure account
517,428
474,032

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 24 November 2025 and are signed on its behalf by:
Ms Claire Benton
Director
Company Registration No. 04950685
British Academy of Audiology
Notes to the financial statements
For the year ended 31 March 2025
3
1
Accounting policies
Company information

The British Academy of Audiology is a private company limited by guarantee incorporated in England and Wales. The registered office is 71 Queen Victoria Street, London, EC4V 4BE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of 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 are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets other than goodwill

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website costs
5 years straight line
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

1.5
Fixed asset investments

Listed investments are included at fair value.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

British Academy of Audiology
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies (continued)
4
1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

British Academy of Audiology
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies (continued)
5
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Where items recognised in other comprehensive income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
-
0
-
0
British Academy of Audiology
Notes to the financial statements (continued)
For the year ended 31 March 2025
6
3
Intangible fixed assets
Website costs
£
Cost
At 1 April 2024
25,000
Additions
22,900
At 31 March 2025
47,900
Amortisation and impairment
At 1 April 2024
25,000
Amortisation charged for the year
1,580
At 31 March 2025
26,580
Carrying amount
At 31 March 2025
21,320
At 31 March 2024
-
0
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 and 31 March 2025
941
Depreciation and impairment
At 1 April 2024
874
Depreciation charged in the year
67
At 31 March 2025
941
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
67
5
Fixed asset investments
2025
2024
£
£
Investments
316,810
303,958
British Academy of Audiology
Notes to the financial statements (continued)
For the year ended 31 March 2025
5
Fixed asset investments (continued)
7
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2024
303,958
Additions
82,217
Unrealised gains
3,829
Realised gain
2,882
Disposals
(76,076)
At 31 March 2025
316,810
Carrying amount
At 31 March 2025
316,810
At 31 March 2024
303,958
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
13,084
12,086
Amounts owed by group undertakings
32,384
3,748
Other debtors
36,549
38,956
82,017
54,790
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
12,068
10,266
Other creditors
54,407
58,295
66,475
68,561
8
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

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