IBOS Association Limited 03764553 false 2025-01-01 2025-12-31 2025-12-31 The principal activity of the company is co-ordination of product development activities and implementation of minimum service standards amongst member banks. Marketing and support activities to assist the banks in the sale of International Cash Management solutions to international corporate cl Digita Accounts Production Advanced 6.30.9574.0 true true 03764553 2025-01-01 2025-12-31 03764553 2025-12-31 03764553 core:CurrentFinancialInstruments 2025-12-31 03764553 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 03764553 core:FurnitureFittingsToolsEquipment 2025-12-31 03764553 bus:SmallEntities 2025-01-01 2025-12-31 03764553 bus:Audited 2025-01-01 2025-12-31 03764553 bus:FilletedAccounts 2025-01-01 2025-12-31 03764553 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 03764553 bus:RegisteredOffice 2025-01-01 2025-12-31 03764553 bus:Director27 2025-01-01 2025-12-31 03764553 bus:CompanyLimitedByGuarantee 2025-01-01 2025-12-31 03764553 core:FurnitureFittingsToolsEquipment 2025-01-01 2025-12-31 03764553 core:PlantMachinery 2025-01-01 2025-12-31 03764553 countries:EnglandWales 2025-01-01 2025-12-31 03764553 2024-12-31 03764553 core:FurnitureFittingsToolsEquipment 2024-12-31 03764553 2024-01-01 2024-12-31 03764553 2024-12-31 03764553 core:CurrentFinancialInstruments 2024-12-31 03764553 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 03764553 core:FurnitureFittingsToolsEquipment 2024-12-31 iso4217:GBP xbrli:pure

Registration number: 03764553

IBOS Association Limited
(A company limited by guarantee)
Filleted Financial Statements
for the Year Ended 31 December 2025

IBOS Association Limited

Contents

Balance Sheet | 1
Notes to the Financial Statements | 2 to 6

IBOS Association Limited

(Registration number: 03764553)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | - | 3,020
Current assets |  |  |
Debtors | 6 | 16,306 | 207,975
Cash at bank and in hand |  | 138,459 | 215,610
|  | 154,765 | 423,585
Creditors: Amounts falling due within one year | 7 | (92,557) | (295,328)
Net current assets |  | 62,208 | 128,257
Net assets |  | 62,208 | 131,277
Reserves |  |  |
Retained earnings |  | 62,208 | 131,277
Surplus |  | 62,208 | 131,277

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 20 July 2026 and signed on its behalf by:

......................................... Mario Domenico Recchia Director

IBOS Association Limited

Notes to the Financial Statements for the Year Ended 31 December 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 £100 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Victoria House
10 Broad Street
Abingdon
Oxfordshire
OX14 3LH

These financial statements were authorised for issue by the Board on 20 July 2026.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

IBOS Association Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 20 July 2026 was Stuart Bates BA FCA, who signed for and on behalf of Wenn Townsend.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

IBOS Association Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

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.

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
Plant and machinery | 25% straight line

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 from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

IBOS Association Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

4 | Auditors' remuneration

| 2025 £ | 2024 £
Audit of the financial statements | 12,000 | 11,500

IBOS Association Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

5 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 January 2025 | 36,843 | 36,843
At 31 December 2025 | 36,843 | 36,843
Depreciation
At 1 January 2025 | 33,823 | 33,823
Charge for the year | 3,020 | 3,020
At 31 December 2025 | 36,843 | 36,843
Carrying amount
At 31 December 2025 | - | -
At 31 December 2024 | 3,020 | 3,020

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | - | 196,807
Prepayments | 8,057 | 6,949
Other debtors | 8,249 | 4,219
| 16,306 | 207,975

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 8,918 | 15,388
Taxation and social security | 796 | 796
Accruals and deferred income | 39,853 | 278,147
Other creditors | 42,990 | 997
| 92,557 | 295,328