REGISTERED NUMBER: 02661244 (England and Wales)

SERVICE MANAGEMENT ASSOCIATION LIMITED

TRADING AS

ITSMF (UK)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mrs C Drake

Mr Y Patel

Mrs V A Wilson

Mr K P Sharp

Mr K Reeves

Mr C Massey

Ms S B Murphy

Mr J L Hamer

Mr C D Kingsbury

Mr D K Gordon

SECRETARY:

Mr G W McDonald

REGISTERED OFFICE:

Ground Floor South

Burford House

Leppington

BRACKNELL

Berkshire

RG12 7WW

REGISTERED NUMBER:

02661244 (England and Wales)

ACCOUNTANTS:

Morris Owen

Chartered Accountants

43-45 Devizes Road

SWINDON

Wiltshire

SN1 4BG

BANKERS:

National Westminster Bank Plc

21 Gentleman's Walk

NORWICH

Norfolk

NR2 1NA

FIXED ASSETS

Tangible assets

4

5,691

4,122

CURRENT ASSETS

Debtors

5

106,319

128,711

Cash at bank and in hand

259,335

233,255

365,654

361,966

CREDITORS

Amounts falling due within one year

6

238,844

232,477

NET CURRENT ASSETS

126,810

129,489

TOTAL ASSETS LESS CURRENT LIABILITIES

132,501

133,611

CREDITORS

Amounts falling due after more than one year

7

-

(7,834

)

PROVISIONS FOR LIABILITIES

(6,000

)

(6,000

)

NET ASSETS

126,501

119,777

RESERVES

Income and expenditure account

126,501

119,777

126,501

119,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th June 2026 and were signed on its behalf by:

Mr Y Patel - Director

Mrs C Drake - Director

1.	STATUTORY INFORMATION

The company is a private company limited by guarantee, and incorporated in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02661244

Registered office: Ground Floor South, Burford House, Leppington, Bracknell, Berkshire, RG12 7WW

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound.

2.	ACCOUNTING POLICIES

Basis of preparing the 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its useful economic life, or if held under a finance lease, the lease term, whichever is shorter.

Office Equipment - 33% on reducing balance

Furniture and Fittings - 25% on reducing balance

Financial instruments

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st December 2024

19,375

Additions

2,660

At 30th November 2025

22,035

DEPRECIATION

At 1st December 2024

15,253

Charge for year

1,091

At 30th November 2025

16,344

NET BOOK VALUE

At 30th November 2025

5,691

At 30th November 2024

4,122

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

76,093

91,347

Other debtors

26,386

33,524

102,479

124,871

2025

2024

£

£

Amounts falling due after more than one year:

Other debtors

3,840

3,840

Aggregate amounts

106,319

128,711

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,849

10,277

Trade creditors

91,845

90,702

Taxation and social security

7,015

9,868

Other creditors

132,135

121,630

238,844

232,477

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

7,834

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

12,800

8,533

Between one and five years

8,000

-

20,800

8,533

9.	LIMITED BY GUARANTEE

The company is limited by guarantee of members and does not have a share capital. The liability of members is limited to £1 per member.