| Federation of Environmental Trade Associations Limited |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover represents subscriptions and secretariat fees receivable from trade associations, stated net of VAT |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Long Leasehold Buildings |
Over 40 years |
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Office equipment |
10-25% on cost |
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Computer equipment |
33% on cost |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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Leased assets |
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A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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| 2 |
Audit information |
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The audit report is unqualified. |
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Senior statutory auditor: |
Christopher Pexton FCA |
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Firm: |
Begbies |
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Date of audit report: |
18 June 2026 |
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| 3 |
Employees |
2025 |
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2024 |
| Number |
Number |
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Average number of persons employed by the company |
5 |
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5 |
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| 4 |
Intangible fixed assets |
£ |
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Website |
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Cost |
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At 1 January 2025 |
16,215 |
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At 31 December 2025 |
16,215 |
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Amortisation |
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At 1 January 2025 |
3,713 |
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Provided during the year |
3,243 |
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At 31 December 2025 |
6,956 |
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Net book value |
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At 31 December 2025 |
9,259 |
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At 31 December 2024 |
12,502 |
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The website is being written off in equal annual instalments over its estimated economic life of five years. |
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| 5 |
Tangible fixed assets |
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Long leasehold land and buildings |
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Office equipment |
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Total |
| £ |
£ |
£ |
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Cost |
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At 1 January 2025 |
708,188 |
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108,672 |
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816,860 |
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At 31 December 2025 |
708,188 |
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108,672 |
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816,860 |
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Depreciation |
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At 1 January 2025 |
348,104 |
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100,319 |
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448,423 |
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Charge for the year |
9,279 |
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3,512 |
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12,791 |
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At 31 December 2025 |
357,383 |
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103,831 |
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461,214 |
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Net book value |
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At 31 December 2025 |
350,805 |
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4,841 |
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355,646 |
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At 31 December 2024 |
360,084 |
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8,353 |
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368,437 |
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The Federation also owns ceremonial regalia valued for insurance purposes at £25,808. |
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This regalia is not reflected in the accounts. |
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| 6 |
Debtors |
2025 |
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2024 |
| £ |
£ |
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Trade debtors and prepayments |
63,367 |
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117,245 |
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Deferred corporation tax asset |
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- |
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2,997 |
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63,367 |
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120,242 |
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| 7 |
Creditors: amounts falling due within one year |
2025 |
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2024 |
| £ |
£ |
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Bank loan |
15,184 |
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14,085 |
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Monies held on behalf of associations |
178,286 |
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144,889 |
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Value added tax |
1,596 |
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14,125 |
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Payroll taxes |
16,918 |
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18,817 |
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Corporation tax |
2,427 |
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- |
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Trade creditors, accruals and deferred income |
30,274 |
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38,192 |
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244,685 |
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230,108 |
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| 8 |
Creditors: amounts falling due after one year |
2025 |
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2024 |
| £ |
£ |
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Bank loan |
33,581 |
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48,091 |
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| 9 |
Loans |
2025 |
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2024 |
| £ |
£ |
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Creditors include: |
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Secured bank loans |
48,765 |
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62,176 |
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The bank loan is secured by a legal charge on the long leasehold property. |
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Other reserves |
2025 |
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2024 |
| £ |
£ |
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At 1 January 2025 |
16,738 |
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16,738 |
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At 31 December 2025 |
16,738 |
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16,738 |
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On 1 May 1984 the following bodies amalgamated to form the present Federation. |
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1) Heating, Ventilating and Air Conditioning Manufacturers Association Limited. |
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2) British Refrigeration and Air Conditioning Manufacturers. |
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3) Federation of Environmental Trade Associations. |
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The above transferred all their assets and liabilities at book value to the Federation of |
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Environmental Trade Associations on 1 May 1984. No consideration was required to be paid |
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for this transfer. The amount of £16,738 is the excess of the net book value of assets acquired |
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over the liabilities assumed and is shown in the Statement of Financial Position as |
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Other reserves. |
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| 11 |
Other financial commitments |
2025 |
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2024 |
| £ |
£ |
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Total future minimum payments under non-cancellable operating leases |
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707 |
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1,414 |
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| # |
Other information |
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Federation of Environmental Trade Associations Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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2 Waltham Court |
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Milley Lane, Hare Hatch |
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Reading |
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Berkshire |
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RG10 9TH |