National Institute of Forensic Accountants

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 03832844

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Debtors	4	16,748		6,390
Cash at bank and in hand		31,563		43,261

		48,311		49,651
Creditors: Amounts Falling Due Within One Year	5	(5,478 )		(6,064 )

NET CURRENT ASSETS (LIABILITIES)			42,833		43,587

TOTAL ASSETS LESS CURRENT LIABILITIES			42,833		43,587

NET ASSETS			42,833		43,587

Income and Expenditure Account			42,833		43,587

MEMBERS' FUNDS			42,833		43,587

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mr H Bharakhada

Director

23 April 2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

National Institute of Forensic Accountants is a private company, limited by guarantee, incorporated in England & Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting Policies

2.1. Basis of Preparation of 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Subscriptions: When the outcome of a transaction can be estimated reliably, turnover from members' subscriptions is recognised by reference to receipt of the subscription.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

2.4. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

2.5. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 7)

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National Institute of Forensic Accountants

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	4,608	2,406
Prepayments and accrued income	9,947	3,462
Corporation tax recoverable assets	195	-
VAT	1,998	522

	16,748	6,390

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	3,080	239
Corporation tax	-	893
Accruals and deferred income	2,398	4,932

	5,478	6,064

6. Related Party Transactions

During the year the company incurred expenditure from related parties as follows:

MHA - accountancy and bookkeeping £nil (2024 - £1,788)

Misted Langdon - administration services, marketing and newsletter production £7,295 (2024 - £6,735)

Deans - accountancy and bookkeeping £4,400 (2024 - £3,613)

7. Company limited by guarantee

The company is limited by guarantee and has no share capital. Each member's liability on winding up is restricted to a maximum of £500.

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