BUSINESS OF INVOLVEMENT LTD Company Accounts

BUSINESS OF INVOLVEMENT LTD - Company Information

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COMPANY REGISTRATION NUMBER 03251375

BUSINESS OF INVOLVEMENT LTD

FINANCIAL STATEMENTS

31 December 2015

HIGGINS FAIRBAIRN & CO

Chartered Accountants & Statutory Auditor

1st Floor

24/25 New Bond Street

Mayfair

London

W1S 2RR

BUSINESS OF INVOLVEMENT LTD

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors D. Matthew

P J Lowe

J P Prior (Resigned 1 February 2016)

K Jones

J. C. Starling

A R Freeman

Registered office Riverside House

26 Osiers Road

Wandsworth

London

SW18 1NH

Auditor HIGGINS FAIRBAIRN & CO

Chartered Accountants & Statutory Auditor

1st Floor

24/25 New Bond Street

Mayfair

London

W1S 2RR

Bankers Barclays Bank Plc

93 Baker Street

London

W1A 4SD

BUSINESS OF INVOLVEMENT LTD

DIRECTORS' REPORT

YEAR ENDED 31 DECEMBER 2015

The directors present their report and the financial statements of the company for the year ended 31 December 2015.

PRINCIPAL ACTIVITIES

The principal activity of the company during the year was the provision of a wide range of services enhancing employee involvement with businesses.

DIRECTORS

The directors who served the company during the year were as follows:

D. Matthew
P J Lowe
J P Prior
K Jones
J. C. Starling
A R Freeman	(Appointed 1 January 2015)

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that year. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgements and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

AUDITOR

HIGGINS FAIRBAIRN & CO have been re-appointed as auditor for the ensuing year in accordance with section 485 of the Companies Act 2006.

Each of the persons who is a director at the date of approval of this report confirm that: - so far as each director is aware, there is no relevant audit information of which the company's auditor is unaware; and - each director has taken all steps that they ought to have taken as a director to make themself aware of any relevant audit information and to establish that the company's auditor is aware of that information.

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

Registered office: Signed on behalf of the directors

Riverside House

26 Osiers Road

Wandsworth

London

SW18 1NH

P J Lowe

Director

Approved by the directors on 30 September 2016

BUSINESS OF INVOLVEMENT LTD

INDEPENDENT AUDITOR'S REPORT TO THE SHAREHOLDERS OF

BUSINESS OF INVOLVEMENT LTD

YEAR ENDED 31 DECEMBER 2015

We have audited the financial statements of BUSINESS OF INVOLVEMENT LTD for the year ended 31 December 2015. The financial reporting framework that has been applied in their preparation is applicable law and the Financial Reporting Standard for Smaller Entities (effective April 2008) (United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities).

This report is made solely to the company's shareholders, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's shareholders those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's shareholders as a body, for our audit work, for this report, or for the opinions we have formed.

RESPECTIVE RESPONSIBILITIES OF DIRECTORS AND AUDITOR

As explained more fully in the Statement of Directors' Responsibilities set out on pages 2 to 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.

SCOPE OF THE AUDIT OF THE FINANCIAL STATEMENTS

An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the company's circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the directors; and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the annual report to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.

OPINION ON FINANCIAL STATEMENTS

In our opinion the financial statements: - give a true and fair view of the state of the company's affairs as at 31 December 2015 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities; and - have been prepared in accordance with the requirements of the Companies Act 2006.

OPINION ON OTHER MATTER PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements.

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit; or

- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the directors' report and take advantage of the small companies exemptions from the requirement to prepare a strategic report.

FENTON HIGGINS FCA

(Senior Statutory Auditor) For and on behalf of

HIGGINS FAIRBAIRN & CO

Chartered Accountants & Statutory Auditor

1st Floor

24/25 New Bond Street

Mayfair

London

W1S 2RR

30 September 2016

BUSINESS OF INVOLVEMENT LTD

PROFIT AND LOSS ACCOUNT

YEAR ENDED 31 DECEMBER 2015

	2015	2014
Note	£	£
TURNOVER	3,995,106	3,977,941

Cost of sales	1,509,783	1,551,223
	-------------	-------------
GROSS PROFIT	2,485,323	2,426,718

Distribution costs	126,989	143,142
Administrative expenses	2,344,462	2,245,790
		-------------	-------------
OPERATING PROFIT	2	13,872	37,786

Interest receivable	361	90

	---------	---------
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION	14,233	37,876

Tax on profit on ordinary activities	3	4,075	7,575

	---------	---------
PROFIT FOR THE FINANCIAL YEAR	10,158	30,301

Balance brought forward	406,662	376,361
	----------	----------
Balance carried forward	416,820	406,662
	----------	----------

BUSINESS OF INVOLVEMENT LTD

BALANCE SHEET

31 December 2015

	2015	2014
Note	£	£	£

FIXED ASSETS

Tangible assets	4		72,126	92,411
		---------	---------

CURRENT ASSETS

Debtors	5	1,122,297		1,248,745
Cash at bank and in hand	215,669		112,159
	-------------		-------------
	1,337,966		1,360,904
CREDITORS: Amounts falling due within one year	6	973,103		1,023,179
		-------------		-------------
NET CURRENT ASSETS		364,863	337,725
	----------	----------
TOTAL ASSETS LESS CURRENT LIABILITIES	436,989	430,136

PROVISIONS FOR LIABILITIES

Deferred taxation	7		11,002	14,307
		----------	----------
		425,987	415,829
		----------	----------

CAPITAL AND RESERVES

Called up equity share capital	10		9,167	9,167
Profit and loss account		416,820	406,662
		----------	----------
SHAREHOLDERS' FUNDS		425,987	415,829
		----------	----------

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

These accounts were approved by the directors and authorised for issue on 30 September 2016 , and are signed on their behalf by:

P J Lowe

Company Registration Number: 03251375

BUSINESS OF INVOLVEMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2015

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax, in respect of events produced during the year. Revenue is recognised in the period in which events are held. Any advance receipts and payments are carried forward as deferred income or prepaid job costs.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings-25%

Equipment-25%

Computer software-25%

Pension costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Deferred taxation

Deferred Tax is recognised in respect of all timing difference that have been originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Financial instruments

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2. OPERATING PROFIT

Operating profit is stated after charging/(crediting):

	2015	2014
	£	£
Directors' remuneration	530,025	548,316
Depreciation of owned fixed assets	24,528	23,382
Auditor's fees	8,400	7,800
Net (profit)/loss on foreign currency translation	( 10)	4
	----------	----------

3. TAXATION ON ORDINARY ACTIVITIES

Analysis of charge in the year

	2015	2014
	£	£

Current tax:

In respect of the year:

	UK Corporation tax based on the results for the year at 20% (2014 - 20%)	7,380	5,322
	-------	-------
Total current tax	7,380	5,322

Deferred tax:

Origination and reversal of timing differences (note 7)

	Capital allowances	(3,305)	2,253
	-------	-------
Tax on profit on ordinary activities	4,075	7,575
	-------	-------

4. TANGIBLE ASSETS

Fixtures & Fittings	Equipment	Computer software	Total
£	£	£	£

COST

At 1 January 2015	167,569	421,665	30,971	620,205
Additions	–	4,243	–	4,243
	----------	----------	---------	----------
At 31 December 2015	167,569	425,908	30,971	624,448
	----------	----------	---------	----------

DEPRECIATION

At 1 January 2015	146,431	352,021	29,342	527,794
Charge for the year	4,933	19,213	382	24,528
	----------	----------	---------	----------
At 31 December 2015	151,364	371,234	29,724	552,322
	----------	----------	---------	----------

NET BOOK VALUE

At 31 December 2015	16,205	54,674	1,247	72,126
	---------	---------	-------	---------
At 31 December 2014	21,138	69,644	1,629	92,411
	---------	---------	-------	---------

5. DEBTORS

	2015	2014
	£	£
Trade debtors	579,064	229,821
Directors Loan Account	8,539	6,046
Other debtors	61,450	59,564
Prepayments and accrued income	77,566	52,330
Prepaid job costs & accrued income	395,678	900,984
	-------------	-------------
	1,122,297	1,248,745
	-------------	-------------

6. CREDITORS: Amounts falling due within one year

	2015	2014
	£	£
Trade creditors	487,983	606,957

Other creditors including taxation and social security:

Corporation tax	12,816	5,322
PAYE and social security	51,170	51,170
VAT	304,170	228,270
Other creditors	24,323	36,078
Accruals and deferred income	92,641	95,382
	----------	-------------
	973,103	1,023,179
	----------	-------------

7. DEFERRED TAXATION

The movement in the deferred taxation provision during the year was:

	2015	2014
	£	£
Provision brought forward	14,307	12,054
Profit and loss account movement arising during the year	( 3,305)	2,253
	---------	---------
Provision carried forward	11,002	14,307
	---------	---------

The provision for deferred taxation consists of the tax effect of timing differences in respect of:

	2015	2014
	£	£
Excess of taxation allowances over depreciation on fixed assets	11,002	14,307
	---------	---------
	11,002	14,307
	---------	---------

8. CONTINGENCIES

Barclays Bank has a charge over all of the company's property and assets present and future including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery; in respect of any indebtedness to the bank.

9. RELATED PARTY TRANSACTIONS

The company was under the control of Mr J.C. Starling throughout the current and previous year. Mr J.C Starling is the managing director and majority shareholder. Loan to directors The directors loan of £8,539 was to Mr J.C Starling and is unsecured, interest free and repayable on demand. It was repaid in full by June 2016 in instalments.

10. SHARE CAPITAL

Allotted, called up and fully paid:

2015	2014
No.	£	No.	£
Ordinary shares of £ 0.10 each	91,670	9,167	91,670	9,167
	---------	-------	---------	-------