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IMIA LIMITED
REGISTERED NUMBER: NI054893
ABBREVIATED BALANCE SHEET
AS AT 31 MARCH 2015
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CREDITORS: amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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CREDITORS: amounts falling due after more than one year
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Income and expenditure account
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The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 March 2015 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 22 December 2015.
The notes on pages 2 to 4 form part of these financial statements.
Page 1
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IMIA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
1.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Premiums on long-term insurance contracts and participating investment contracts are recognised
as income when receivable and netted off payments to insurance companies. For single premium
business, this is the date from which the policy is effective. For regular premium contracts,
receivables are taken at the date when payments are due. Premiums are shown before deduction of
commission and before any sales-based taxes or duties. Where policies lapse due to non-receipt of
premiums, then all the related premium income accrued but not received from the date they are
deemed to have lapsed is offset against premiums.
General insurance and health premiums written reflect business incepted during the year, and
exclude any sales-based taxes or duties. Unearned premiums are those proportions of the
premiums written in a year that relate to periods of risk after the balance sheet date.
 
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Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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Rentals under operating leases are charged to the Income and expenditure account on a straight line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.
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Page 2
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IMIA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
2.TANGIBLE FIXED ASSETS
Page 3
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IMIA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
3.CREDITORS:
Amounts falling due after more than one year
The loan is unsecured and there are no repayment terms.
4.SHARE CAPITAL
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Allotted, called up and fully paid
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11,000 Ordinary shares of £1 each
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Page 4
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