Institute Of Administrative Management - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09016031 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2018 TO 30 JUNE 2019

FOR

INSTITUTE OF ADMINISTRATIVE MANAGEMENT

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R D Clarke

P R Mills

REGISTERED OFFICE:

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

BUSINESS ADDRESS:

Suite 4.02

Grosvenor House

Central Park

Telford

Shropshire

TF2 9TW

REGISTERED NUMBER:

09016031 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Intangible assets

4

-

167

CURRENT ASSETS

Cash at bank

-

1

CREDITORS

Amounts falling due within one year

5

667

255,262

NET CURRENT LIABILITIES

(667

)

(255,261

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(667

)

(255,094

)

RESERVES

Income and expenditure account

(667

)

(255,094

)

(667

)

(255,094

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2019 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 27 May 2020 and were signed on its behalf by:

P R Mills - Director

1.	STATUTORY INFORMATION

Institute Of Administrative Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 invoiced good and services provided and revenue is recognised when

membership subscriptions are paid.

Development costs

Development costs are amortised over a 3 year period.

Financial instruments

Financial Instruments are classified by the directors as basic or advanced following the conditions in

FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective

interest method.

Taxation

Taxation for the period 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 balance sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have considered the risks and issues concerning the company and it's activities and

have identified material uncertainties that may cast significant doubt about the company's ability to

continue as a going concern. These uncertainties are described in the notes to the financial statements

along with the reason for preparing the accounts on a going concern basis.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event

prior to the balance sheet date and that a payment will be required in settlement that can be estimated

reliably. Where material, provisions are calculated on a discounted basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2018 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2018

and 30 June 2019

3,502

AMORTISATION

At 1 May 2018

3,335

Charge for period

167

At 30 June 2019

3,502

NET BOOK VALUE

At 30 June 2019

-

At 30 April 2018

167

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Corporation Tax

667

-

Other creditors

-

255,262

667

255,262

6.	RELATED PARTY DISCLOSURES

Industry Qualifications Limited

A company in which Mr R Clarke is a director.

Amount owed to the related party at the balance sheet reference date was £Nil (2018 £255,262).

7.	POST BALANCE SHEET EVENTS

Since the start of 2020, the spread of COVID-19 has forced a number of businesses around the world

to close or restrictions put on operations for extended or indefinite periods. Governmental schemes

have been introduced, alongside a number of controls being put in place in order to stabilise the

economy, however the length of time these will be required for is still unknown, leaving many

businesses with a large degree of uncertainty over their future. Whilst the company has implemented a

number of controls to help assist with the prevention of spreading the virus, it is impossible to reliably

calculate the period and severity the pandemic, as well its impact on the Company in the future.

Therefore the Company has determined that the COVID 19 pandemic is considered to be a

non-adjusting subsequent event. As a result, the financial position and operating outcomes for the

period ended 30 June 2019 have not required any adjustment.

8.	LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital. In the event of the company being

wound up, every member undertakes to contribute to the assets of the company any such amount as

may be required, not exceeding £1.