British Interactive Media Assoc Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 01963224

Abbreviated Unaudited Accounts

for the Year Ended 31st December 2015

for

British Interactive Media Association

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A Graham

W J H Lewis

Ms J K Topping

SECRETARY:

REGISTERED OFFICE:

3 College Yard

Lower Dagnall Street

St Albans

Hertfordshire

AL3 4PA

REGISTERED NUMBER:

01963224

ACCOUNTANTS:

Wilton Mutlow & Co Limited

Accountants and Tax Advisors

3 College Yard

Lower Dagnall Street

St Albans

Hertfordshire

AL3 4PA

FIXED ASSETS

Tangible assets

2

2,508

3,175

CURRENT ASSETS

Debtors

14,071

23,814

Cash at bank

96,786

98,204

110,857

122,018

CREDITORS

Amounts falling due within one year

106,727

124,544

NET CURRENT ASSETS/(LIABILITIES)

4,130

(2,526

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,638

649

RESERVES

Profit and loss account

6,638

649

6,638

649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2015 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 profit or loss 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24th March 2016 and were signed on its behalf by:

Ms J K Topping - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2015

6,419

Additions

1,649

Disposals

(3,342

)

At 31st December 2015

4,726

DEPRECIATION

At 1st January 2015

3,244

Charge for year

1,019

Eliminated on disposal

(2,045

)

At 31st December 2015

2,218

NET BOOK VALUE

At 31st December 2015

2,508

At 31st December 2014

3,175

3.	ULTIMATE CONTROLLING PARTY

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

meeting.