Company registration number 08438864 (England and Wales)
BRITISH LARYNGOLOGICAL ASSOCIATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
BRITISH LARYNGOLOGICAL ASSOCIATION
COMPANY INFORMATION
Directors Prof G S Sandhu Professor M Birchall Secretary Prof G S Sandhu Company number 08438864 Registered office 7 Lindum Terrace Lincoln LN2 5RP Accountants Stanbridge Associates Ltd 7 Lindum Terrace Lincoln Lincolnshire United Kingdom LN2 5RP
BRITISH LARYNGOLOGICAL ASSOCIATION
CONTENTS
| Page | |
|---|---|
| Directors' report | 1 |
| Accountants' report | 2 |
| Income and expenditure account | 3 |
| Balance sheet | 4 |
| Notes to the financial statements | 5 - 7 |
BRITISH LARYNGOLOGICAL ASSOCIATION
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The directors present their annual report and financial statements for the year ended 31 March 2025.
Principal activities
The principal activity is promoting the objects of the charity.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Prof G S Sandhu Professor M Birchall
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Prof G S Sandhu Professor M Birchall Director Director
15 October 2025
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BRITISH LARYNGOLOGICAL ASSOCIATION
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BRITISH LARYNGOLOGICAL ASSOCIATION FOR THE YEAR ENDED 31 MARCH 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of British Laryngological Association for the year ended 31 March 2025 which comprise the income and expenditure account, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of British Laryngological Association, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of British Laryngological Association and state those matters that we have agreed to state to the board of directors of British Laryngological Association, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than British Laryngological Association and its board of directors as a body, for our work or for this report.
It is your duty to ensure that British Laryngological Association has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and deficit of British Laryngological Association. You consider that British Laryngological Association is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of British Laryngological Association. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Stanbridge Associates Ltd
15 October 2025
Chartered Accountants
7 Lindum Terrace Lincoln Lincolnshire United Kingdom LN2 5RP
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BRITISH LARYNGOLOGICAL ASSOCIATION
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025
| 2025 Notes £ Income 133,980 Administrative expenses (156,322) (Deficit)/surplus before taxation (22,342) Tax on (deficit)/surplus - (Deficit)/surplus for the financial year (22,342) |
2024 £ 70,383 (51,327) 19,056 - 19,056 |
|---|---|
The income and expenditure account has been prepared on the basis that all operations are continuing operations.
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BRITISH LARYNGOLOGICAL ASSOCIATION
BALANCE SHEET
AS AT 31 MARCH 2025
| Notes Fixed assets Tangible assets Current assets Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current assets Net assets Reserves Income and expenditure account Members' funds |
2025 £ 48,887 (648) |
£ - 48,239 48,239 48,239 48,239 |
2024 £ 57,141 (600) |
£ 14,040 56,541 |
|---|---|---|---|---|
| 70,581 | ||||
| 70,581 | ||||
| 70,581 |
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 15 October 2025 and are signed on its behalf by:
Prof G S Sandhu Professor M Birchall Director Director
Company registration number 08438864 (England and Wales)
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BRITISH LARYNGOLOGICAL ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
Company information
British Laryngological Association is a private company limited by guarantee incorporated in England and Wales. The registered office is 7 Lindum Terrace, Lincoln, LN2 5RP.
1.1 Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Income and expenditure
Income and expenses are included in the financial statements as they become receivable or due.
Expenses include VAT where applicable as the company cannot reclaim it.
1.3 Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
1.4 Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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BRITISH LARYNGOLOGICAL ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.5 Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.6 Taxation
The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.
1.7 Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
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BRITISH LARYNGOLOGICAL ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
2 Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Employees
The average monthly number of persons (including directors) employed by the company during the year was 2.
| 2025 | 2024 | ||
|---|---|---|---|
| Number | Number | ||
| Total | 2 | 2 | |
| 4 | Creditors: amounts falling due within one year | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Other creditors | 648 | 600 |
5 Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.
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BRITISH LARYNGOLOGICAL ASSOCIATION
DETAILED INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
| Income Subscriptions Courses & conferences Sponsorship Refunds Administrative expenses Subcontract labour Courses & Conferences Licences and insurance Computer running costs Website Travelling expenses Consultancy fees Accountancy Advertising Sundry expenses Operating (deficit)/surplus |
2025 2025 £ £ 20,358 58,784 55,850 (1,012) 133,980 19,422 91,520 35 3,464 35,502 414 2,301 648 2,352 664 (156,322) (22,342) |
2024 £ 20,961 6,699 35 1,185 10,895 181 8,734 600 - 2,037 |
2024 £ 6,742 29,181 35,525 (1,065) 70,383 (51,327) 19,056 |
|---|---|---|---|