British_Generic_Manufacturers_Association_Ltd_30_Apr_2026_companies_house_set_of

British Generic Manufacturers Association Limited

Report to the board of directors on the preparation of the unaudited statutory financial statements of British Generic Manufacturers Association Limited

Year ended

30 April 2026

As described on the statement of financial position, the Board of Directors of

British Generic Manufacturers Association Limited

are responsible for the preparation of the

financial statements

for the year ended

30 April 2026

, which comprise the income statement, statement of financial position and related notes.

You consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.

Bridgewater Accountants Ltd

Delta House

16 Bridge Road

Haywards Heath

West Sussex

RH16 1UA

United Kingdom

British Generic Manufacturers Association Limited

Statement of Financial Position

30 April 2026

		2026		2025
	Note	£		£
Fixed assets
Tangible assets	5	630		-
Current assets
Debtors	6	(31,949	)	25,835
Cash at bank and in hand		984,477		770,894
		952,528		796,729
Creditors: amounts falling due within one year	7	(418,169	)	(274,699	)
Net current assets		534,359		522,030
Total assets less current liabilities		534,989		522,030
Capital and reserves
Profit and loss account		534,989		522,030
Members funds		534,989		522,030

For the year ending

30 April 2026

, 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 financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

7 May 2026

, and are signed on behalf of the board by:

M Samuels

Director

Company registration number:

10276727

British Generic Manufacturers Association Limited

Notes to the Financial Statements

Year ended

30 April 2026

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

71-75 Shelton Street

London

WC2H 9JQ

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

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

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.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Defined contribution pension plan

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.

4 Average number of employees

The average number of persons employed by the company during the year was

(2025:

5 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 May 2025	-
Additions	630
At 30 April 2026	630
Depreciation
At 1 May 2025 and 30 April 2026	-
Carrying amount
At 30 April 2026	630
At 30 April 2025	-

6 Debtors

	2026		2025
	£		£
Trade debtors	(41,745	)	21,958
Other debtors	9,796		3,877
	(31,949	)	25,835

7 Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	46,184		14,195
Taxation and social security	(22,592	)	(26,675	)
Other creditors	394,577		287,179
	418,169		274,699