The British Engineering Manufacturers' Association Limited

(Registration number: 00438632)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	82,082	64,990
Current assets
Debtors	5	27,827	58,126
Cash at bank and in hand		197,304	153,379
		225,131	211,505
Creditors: Amounts falling due within one year	6	(26,469)	(28,556)
Net current assets		198,662	182,949
Total assets less current liabilities		280,744	247,939
Creditors: Amounts falling due after more than one year	6	(18,981)	(24,537)
Net assets		261,763	223,402
Capital and reserves
Profit and loss account		261,763	223,402
Total equity		261,763	223,402

The British Engineering Manufacturers' Association Limited

(Registration number: 00438632)
Balance Sheet as at 31 December 2025

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and FRS 102 Section 1A ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 17 August 2026 and signed on its behalf by:
 

......................................... B J Young Director

The British Engineering Manufacturers' Association Limited

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

1	Statutory information

The company is a private company, limited by guarantee, incorporated in England and Wales.

The address of its registered office is:
5 Stover Road
Yate
Bristol
BS37 5JN
United Kingdom

2	Accounting policies

Summary of significant accounting policies

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company has sufficient funds to continue for the foreseeable future and to meet its liabilities as they fall due. The company has maintained the full support of the directors and its members throughout the year. The directors are confident that the ongoing interest and support of key stakeholders in the company’s activities ensure its continued viability as a going concern.

Revenue recognition

The Association's income comprises membership subscriptions, membership services and apprenticeship income, and is exclusive of value added tax.

Tangible fixed assets

Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation.

The British Engineering Manufacturers' Association Limited

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

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:

Furniture, fittings and equipment	15% reducing balance method
Motor Vehicles	50% straight line method
Plant and Machinery	15% reducing balance method & 25% straight line method

Cash and cash equivalents

Cash and cash equivalents comprise cash in hand and call deposits.

Trade debtors

Trade debtors are recognised at the transaction price. They are subsequently measured less provision for impairment. 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 recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

The British Engineering Manufacturers' Association Limited

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

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 3 (2024 - 4).

The British Engineering Manufacturers' Association Limited

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

4	Tangible fixed assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Plant and machinery £	Total £
Cost
At 1 January 2025	50,094	3,500	216,857	270,451
Additions	546	-	30,300	30,846
Disposals	-	(3,500)	-	(3,500)
At 31 December 2025	50,640	-	247,157	297,797
Depreciation
At 1 January 2025	37,493	3,500	164,468	205,461
Charge for the year	5,014	-	8,740	13,754
Eliminated on disposal	-	(3,500)	-	(3,500)
At 31 December 2025	42,507	-	173,208	215,715
Carrying amount
At 31 December 2025	8,133	-	73,949	82,082
At 31 December 2024	12,601	-	52,389	64,990

5	Debtors: amounts falling due within one year

	2025 £	2024 £
Trade debtors	9,901	36,973
Other debtors	3,784	8,666
VAT	3,401	-
Prepayments and accrued income	10,741	12,487
	27,827	58,126

The British Engineering Manufacturers' Association Limited

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

6

Creditors

	2025 £	2024 £
Bank loans	5,556	5,556
Trade creditors	10,308	8,295
Taxation and social security	2,082	8,974
Other creditors	503	805
Accruals and deferred income	8,020	4,926
	26,469	28,556

	2025 £	2024 £
Due after one year
Bank borrowings	18,981	24,537