British Interactive Media Assoc Ltd - Accounts to registrar (filleted) - small 18.2

British Interactive Media Assoc Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 01963224 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2018

for

British Interactive Media Association
Limited

British Interactive Media Association
Limited (Registered number: 01963224)






Contents of the Financial Statements
for the year ended 31st December 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


British Interactive Media Association
Limited

Company Information
for the year ended 31st December 2018







DIRECTORS: T A Nseir
Ms N S Gross
Miss H M Hall





SECRETARY:





REGISTERED OFFICE: 2nd Floor Dagnall House
Lower Dagnall Street
St Albans
Hertfordshire
AL3 4PA





REGISTERED NUMBER: 01963224 (England and Wales)





ACCOUNTANTS: Wilton Mutlow & Co Limited
Accountants and Tax Advisors
2nd Floor Dagnall House
Lower Dagnall Street
St Albans
Hertfordshire
AL3 4PA

British Interactive Media Association
Limited (Registered number: 01963224)

Statement of Financial Position
31st December 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,155 33,372

CURRENT ASSETS
Debtors 5 78,582 23,167
Cash at bank 96,481 72,365
175,063 95,532
CREDITORS
Amounts falling due within one year 6 160,545 89,712
NET CURRENT ASSETS 14,518 5,820
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,673

39,192

RESERVES
Income and expenditure account 59,673 39,192
59,673 39,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24th February 2019 and were signed on its behalf
by:





T A Nseir - Director


British Interactive Media Association
Limited (Registered number: 01963224)

Notes to the Financial Statements
for the year ended 31st December 2018

1. STATUTORY INFORMATION

British Interactive Media Association Limited is a private company, limited by guarantee , registered in England
and Wales. The company's registered number and registered office address can be found on the Company
Information page.

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 represents amounts receivable for goods and services net of VAT.
Membership fees which are invoiced before the year-end but cover a period after the year-end are not recognised
as income in the current year but are carried forward into future accounting periods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 6 ) .

British Interactive Media Association
Limited (Registered number: 01963224)

Notes to the Financial Statements - continued
for the year ended 31st December 2018

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2018 58,322
Additions 22,856
Disposals (899 )
At 31st December 2018 80,279
DEPRECIATION
At 1st January 2018 24,950
Charge for year 10,736
Eliminated on disposal (562 )
At 31st December 2018 35,124
NET BOOK VALUE
At 31st December 2018 45,155
At 31st December 2017 33,372

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 77,482 21,517
Other debtors 1,100 1,650
78,582 23,167

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 8,305 750
Taxation and social security 41,095 18,456
Other creditors 111,145 70,506
160,545 89,712

7. ULTIMATE CONTROLLING PARTY

The company is under the control of the executive committee, the members being appointed at the general
meeting.

8. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital. The members have agreed to contribute
£1 in the event of the company being wound up.