for the Period Ended 31 December 2025
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
for the Period Ended
| 2025 | 13 months to 31 December 2024 | |
|---|---|---|
|
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£ |
£ |
| Turnover: |
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| Cost of sales: |
(
|
(
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| Gross profit(or loss): |
|
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| Administrative expenses: |
(
|
(
|
| Operating profit(or loss): |
|
( |
| Profit(or loss) before tax: |
|
( |
| Profit(or loss) for the financial year: |
|
( |
As at
| Notes | 2025 | 13 months to 31 December 2024 | |
|---|---|---|---|
|
|
£ |
£ |
|
| Current assets | |||
| Cash at bank and in hand: |
|
|
|
| Total current assets: |
|
|
|
| Creditors: amounts falling due within one year: | 3 |
(
|
(
|
| Net current assets (liabilities): |
|
|
|
| Total assets less current liabilities: |
|
|
|
| Creditors: amounts falling due after more than one year: | 4 |
(
|
(
|
| Total net assets (liabilities): |
|
( |
|
| Members' funds | |||
| Profit and loss account: |
|
( |
|
| Total members' funds: |
|
( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2025
Basis of measurement and preparation
for the Period Ended 31 December 2025
| 2025 | 13 months to 31 December 2024 | |
|---|---|---|
| Average number of employees during the period |
|
|
for the Period Ended 31 December 2025
| 2025 | 13 months to 31 December 2024 | |
|---|---|---|
| £ | £ | |
| Bank loans and overdrafts |
|
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| Amounts due under finance leases and hire purchase contracts |
|
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| Trade creditors |
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| Taxation and social security |
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| Accruals and deferred income |
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| Other creditors |
|
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| Total |
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|
for the Period Ended 31 December 2025
| 2025 | 13 months to 31 December 2024 | |
|---|---|---|
| £ | £ | |
| Other creditors |
|
|
| Total |
|
|
During the financial year, African Business Association benefited the community by supporting individuals, businesses and community organisations through its activities and services. The organisation provided opportunities for networking, collaboration, information sharing and business development, particularly for people and organisations within the African and wider local community. The Association also supported community initiatives and events, helping to strengthen connections between individuals, businesses and community groups. Through these activities, the organisation contributed to the development of local enterprise, encouraged community participation and provided a platform for individuals and organisations to share resources, knowledge and opportunities. Overall, the activities undertaken during the financial year contributed to greater community engagement, business development and social and economic opportunities for members of the community.
No consultation with stakeholders
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
25 September 2026
And signed on behalf of the board by:
Name: Dr Olushola Kolawole
Status: Director